Target Investors Oppose Brian Cornell by 13% as Support for Christine Leahy Drops 8 Points
Updated
Updated · Supermarket News · Jun 15
Target Investors Oppose Brian Cornell by 13% as Support for Christine Leahy Drops 8 Points
2 articles · Updated · Supermarket News · Jun 15
Summary
Nearly 13% of Target shareholders voted against Executive Chair Brian Cornell at the annual meeting, while almost 12% opposed Lead Independent Director Christine Leahy, whose support fell nearly 8 percentage points from 2025.
Investor groups including SOC, Trillium and Mercy urged those votes, arguing operational blunders, reputational damage and social controversies have weakened performance and eroded confidence in the board.
The filing also showed only about 11% support for Target's executive pay package, while 38.1% of shareholders backed choosing an independent board chair.
The dissent came despite a stronger first quarter: net sales rose 6.7% to $25.4 billion, comparable sales increased 5.6%, and customer traffic gained 4.4%.