New York (CNN Business) Target chief Brian Cornell — who led a major comeback at the retail chain — will stay on the job for three more years, the company announced Wednesday.
Target's TGT Cornell, 63, was approachingmandatory retiring age of 65 for its top executive.
Cornell is also the chair of Target's board of directors.
The announcement ensures stability at the helm of Target amid one of its worst stretches in years.
Walmart WMT Pepsi PEP Cornell, a formerandexecutive, took over as Target CEO in the summer of 2014 when the company was reeling from a massive data breach during the prior holiday shopping season.