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Target names PepsiCo executive as new CEO

The Target Express in Dinkeytown
The Dinkytown TargetExpress in Minneapolis, Minn. opened to the public Wednesday, July 23, 2014.
Jeffrey Thompson/MPR News

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Brian Cornell
Brian Cornell, CEO of PepsiCo Americas Foods, in an official PepsiCo photo. The Wall Street Journal reports that Cornell will step in as Target's new chief executive.
Courtesy PepsiCo

Hiring an outside leader for the first time, Target named PepsiCo executive Brian Cornell the company's new chief executive.

Duane Stanford, reporter for Bloomberg News in Atlanta, joins The Daily Circuit to discuss the announcement.