Target Elects Leahy, Rice To Board Of Directors

Target’s board of directors has elected Christine (Chris) Leahy, president, chief executive officer and director of CDW, and Derica Rice, former executive vice president of CVS Health and president of CVS Caremark, as directors.

Leahy’s appointment becomes effective January 1, 2021. Leahy is president and CEO of CDW, a leading multi-brand technology solutions provider to business, government, education and health care customers. Leahy joined CDW in 2002 and held a series of executive leadership roles prior to being named to her current position in 2019, including chief revenue officer; senior vice president, international; chief legal officer; corporate secretary; and general counsel.

Rice’s appointment becomes effective August 31, 2020. Rice served as executive vice president of CVS Health and president of CVS Caremark, the pharmacy benefits management business of CVS Health, from March 2018 through February 2020. Previously, he held various executive positions at Eli Lilly and, most recently evp/global services and chief financial officer from 2006 to 2017. He previously served as a member of the board of directors of Target from 2007 to 2018.

“Chris and Derica bring broad expertise and unique perspectives that will complement the skills and viewpoints of our current board. As CEO of a premier technology company, Chris’ voice will be a welcome addition to our discussions as we continue to accelerate the growth of our business and invest in our team. We’re pleased Derica is returning to the board. His deep financial acumen and leadership prowess, honed over more than 15 years in high-level positions at respected brands, will prove more valuable than ever in these challenging times. I welcome both Chris and Derica to Target and am looking forward to their insights as we focus on deepening our trust with guests and advancing our durable strategy,” said Brian Cornell, chairman and CEO of Target.