27.08.2008 15:48:00

Target Names Michael Francis Executive Vice President and Chief Marketing Officer

Target Corporation (NYSE:TGT) announces the promotion of Michael Francis, executive vice president, marketing to executive vice president and chief marketing officer, Target.

"Under Michaels leadership, Target has built one of the most recognizable and well-respected brands in America, said Gregg Steinhafel, president and chief executive officer, Target.

As executive vice president and chief marketing officer, Francis is responsible for all marketing functions, as well as strategy and research, community relations and Target.com.

Francis serves on the boards of the Smithsonian Institutions National Board, Cooper-Hewitt National Design Museum, Walker Art Center, and The Minneapolis Institute of Arts. He is also a director of Piper Jaffray Companies (NYSE: PJC).

About Target

Minneapolis-based Target serves guests at 1,648 stores in 47 states nationwide by delivering today's best retail trends at affordable prices. Target is committed to providing guests with great design through innovative products, in-store experiences and community partnerships. Whether visiting a Target store or shopping online at Target.com, guests enjoy a fun and convenient shopping experience with access to thousands of unique and highly differentiated items. Since 1946, the corporation has invested five percent of its pretax income in the communities it serves. Target (NYSE:TGT) gives more than $3 million a week to its local communities through grants and special programs. Target partners with nonprofit organizations, guests and team members to help meet community needs.

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