Target adds former Diageo North America CEO Sally Grimes to its board of directors, tasking her with committee roles to support the retailer's merchandising and growth strategy.
Target elected Sally Grimes, former CEO of Diageo North America and Clif Bar, as an independent director serving on the Audit & Risk and Infrastructure & Finance committees. A board appointment brings relevant consumer-brand expertise but contains no hard financial facts that change the earnings outlook, so the price effect should be minimal.
Target Corporation announced on Nov. 12, 2026, the election of Sally Grimes as an independent director. Grimes, who previously served as CEO of Diageo North America and Clif Bar & Company, will join the Audit & Risk and Infrastructure & Finance committees to support CEO Michael Fiddelke's long-term growth strategy.
Unlikely in a meaningful way. The article announces a new independent director with consumer-brand experience, but contains no financial results, guidance changes or other hard facts that typically drive the share price.