Target CEO to Retire
Minneapolis Target Corp. announced on Wednesday that Bob Ulrich will step down as chief executive, effective May 1. He will be replaced by Target president Gregg Steinhafel. Ulrich will remain chairman through the end of fiscal 2008.
Ulrich, 64, began his career as a merchandising trainee in 1967 at Dayton’s, a former division of Target Corporation. In 1994, he was named chairman and CEO of the corporation.
Steinhafel, 52, joined Target in 1979 and served in a variety of merchandising positions until being named executive VP, merchandising in 1994. He was appointed president in 1999 and became a member of the board of directors in 2007.
“During Bob’s tenure, Target has achieved outstanding financial results and became one of the most recognized and valuable brands in the world,” Steinhafel said in a prepared statement. “I am fortunate to have had the opportunity to learn from one of the best leaders in the retail industry.”
Eugster to head Baker & Taylor
CHARLOTTE, N.C. Jack Eugster, former non-executive chairman of Shopko stores and Musicland Stores ceo has been appointed chairman of book and entertainment distributor Baker & Taylor. He replaces Richard Willis who announced his retirement last week.
Eugster was chairman, ceo and president of Musicland Stores from 1980 until his retirement in 2001. From 2001 to 2005 he was the non-executive chairman of Shopko Stores.
Kirkland’s coo resigns
JACKSON, Tenn. Catherine David has resigned as president and coo of Kirkland’s.
Robert Alderson, ceo of Kirkland’s will take on David’s responsibilities. Kirkland’s said it does not currently intend to seek a replacement.
David was named president and coo of Kirkland’s in March 2006. Prior to joining the company she served as senior vp and gm of Sears Essentials, Sears Grand and The Great Indoors. She resigned from Sears in fall 2005.