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Target taps outsider as CEO for needed shakeup

By CANDICE CHOIMICHELLE CHAPMAN
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Target taps outsider as CEO for needed shakeup

NEW YORK (AP) — Target is bringing in an outsider as its CEO for the first time as the retailer fights to redefine itself to American shoppers.

The Minneapolis-based company said Thursday that it named PepsiCo executive Brian Cornell to the top spot, replacing Chief Financial Officer John Mulligan, who had been keeping the seat warm since May.

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