Minneapolis, Minnesota-based Target Corp. is making several changes across its executive leadership team that will further position the company to meet its long-term goals.
Mark Schindele, EVP and chief stores officer, will be retiring after 25 years with Target. Since joining the company in 1999, Schindele has served in multiple roles spanning merchandising and operations.
Over the past five years as chief stores officer, he led the stores organization through the pandemic and during the largest period of growth in the company’s history, improving retail fundamentals and the guest experience.
To support a smooth transition, Schindele will move into a strategic advisor role Feb. 2 and retire effective March 29.
Adrienne Costanzo, SVP of store operations, will succeed Schindele as EVP, chief stores officer. In this role, effective Feb. 2, she will lead more than 350,000 employees and oversee the operations of the company’s nearly 2,000 locations across the U.S. Costanzo has more than 20 years of experience leading teams and driving business results across Target’s stores, human resources and merchandising functions. She will report to Michael Fiddelke, EVP and chief operating officer, and join Target’s executive leadership team.
Also effective Feb. 2, Target announced additional transitions to continue powering its strategic priorities with executive leadership that bring industry experience to these new positions.
Brett Craig, EVP and chief information officer, will retire after 15 years at Target. In addition to various positions in technology, Craig held roles in merchandising and digital before leading the technology team. With his departure, Prat Vemana, EVP and chief digital and product officer, will take on the role of chief information and product officer and remain on the executive leadership team. This change will usher in new leadership to further strengthen the role technology plays in Target’s strategy, including the company’s operations.
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Since joining Target in 2022, Vemana has redesigned the company’s digital platforms and capabilities, enhancing the digital shopping experience and resulting in strong growth. As chief information and product officer, Vemana will accelerate the company’s technology strategy with a focus on furthering the use of automation, data and artificial intelligence to enhance the working and shopping experience.
In addition to overseeing Target’s technology roadmap, Vemana will continue to lead the company’s user experience strategy and enterprise product function to speed development of technology solutions for consumers and the Target team.
Sarah Travis, SVP of Roundel and social commerce, will be promoted to EVP and chief digital and revenue officer and join the leadership team. Travis is a leader who has grown the retailer’s in-house media company, Roundel, putting it on pace to deliver nearly $2 billion in value to Target in fiscal 2024. Her new role brings together the growing power of Target’s e-commerce business with other revenue drivers — including Roundel and the company’s social commerce efforts — to fuel each other’s success and growth.
“These leadership updates will help us continue to deliver a differentiated shopping experience every day across every channel,” said Brian Cornell, chair and CEO, Target.
“I want to thank Mark and Brett for the notable contributions they’ve made during their long tenures with the company and wish them both well in their retirements. Adrienne, Prat and Sarah all bring tremendous retail expertise to their roles and Target’s leadership team as we accelerate Target’s strategy.”
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