Target announced a new CEO Thursday as it looks to rebound from the damage wrought last year by a massive data breach that prompted former CEO Gregg Steinhafel’s resignation. PepsiCo exec Brian Cornell, the former head of Sam’s Club, will take over at Target, replacing interim CEO John Mulligan, the company said in statement. Steinhafel stepped down in May, months after an embarrassing data breach affected up to 110 million customers and cut into company profits.

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