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NYSE: TGT TARGET CORP 8-K

Target elects former 7-Eleven CEO Joe DePinto to Board, adds retail ops expertise

Filed July 22, 2026 · Period ending July 18, 2026 · ~1 min read

3 key changes 2 sections

Key Changes

  • medium

    Target elected Joe DePinto, former 7-Eleven CEO (2005-2025), to its Board effective August 1, 2026, appointing him to Audit & Risk and Infrastructure & Finance committees.

    Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →
  • medium

    DePinto brings 30+ years of retail leadership including omnichannel transformation, loyalty programs, and fresh food operations from his tenure leading the world's largest convenience retailer.

    Exhibit 99 view on EDGAR →
  • medium

    Appointment aligns with CEO Fiddelke's stated priorities of merchandising authority, guest experience elevation, and technology acceleration as Target pursues growth.

    Exhibit 99 view on EDGAR →

Summary

Target added Joe DePinto to its Board effective August 1, 2026, bringing retail operations expertise from his 20-year tenure as CEO of 7-Eleven (2005-2025). DePinto led 7-Eleven through expansion and digital transformation, with experience in omnichannel capabilities, loyalty programs, and fresh food offerings—areas Target has identified as strategic priorities under CEO Michael Fiddelke.

He will serve on both the Audit & Risk and Infrastructure & Finance committees. The appointment is a routine board expansion that adds relevant sector experience. DePinto's background in convenience retail and prior roles at GameStop and PepsiCo provide operational perspective as Target focuses on merchandising, guest experience, and technology.

His current board service at Brinker International adds restaurant/food retail governance experience. This is a standard governance move with no immediate financial impact.

Section-by-Section Diff

Event · Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation

~200 words

Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation filed; see Key Changes for terms.

1 Added
Added DePinto background medium

Added in current filing · verify on EDGAR →

Mr. DePinto, 63, is the former President & Chief Executive Officer at 7-Eleven, Inc., a position he held from 2005 to December 2025. Prior to his role at 7-Eleven, Mr. DePinto was previously president of GameStop Corporation. He has also held leadership positions at PepsiCo, Inc. Mr. DePinto is currently on the board of directors for Brinker International.

DePinto brings 20 years of convenience retail CEO experience from 7-Eleven (2005-2025), plus prior leadership at GameStop and PepsiCo. He currently serves on Brinker International's board. His retail operations background adds relevant expertise to Target's Board.

Event · Exhibit 99

2 Added
Added DePinto background and expertise medium

Added in current filing · view on EDGAR →

DePinto brings more than three decades of leadership experience across retail and consumer products, having led the world's largest convenience retailer through significant expansion, digital innovation and evolving consumer preferences. During his tenure, 7-Eleven, Inc. accelerated investments in omnichannel capabilities, loyalty programs and fresh food offerings while growing its store footprint and strengthening its position as a leading convenience retailer.

DePinto brings over 30 years of retail and consumer products leadership, including his tenure leading 7-Eleven through expansion and digital transformation. His experience spans omnichannel capabilities, loyalty programs, and fresh food operations. He has also held leadership roles at PepsiCo and GameStop and served on boards including Brinker International, Jo-Ann Stores, and OfficeMax.

Added Strategic rationale medium

Added in current filing · view on EDGAR →

At Target, we’re leading with merchandising authority, elevating the guest experience, accelerating technology and strengthening our team and communities to pave a new path of growth

CEO Michael Fiddelke outlined Target's strategic priorities including merchandising authority, guest experience elevation, technology acceleration, and team strengthening. The board appointment aligns with these priorities, particularly given DePinto's expertise in food retail and digital commerce, which Target views as critical to its growth strategy.

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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 22, 2026 · How we verify