Target Corporation Announces Early Departure of Strategic Advisor Don H. Liu

MINNEAPOLIS – Target Corporation has announced the early termination of the transition agreement with Don H. Liu, who had been serving in a non-executive strategic advisor role since August 24, 2024. Mr. Liu voluntarily elected to conclude his advisory position effective April 18, 2025, ahead of the original end date of May 24, 2025, as outlined in the previously disclosed agreement.

Mr. Liu’s transition agreement was originally part of Target’s leadership succession planning, following his prior role as Executive Vice President and Chief Legal & Risk Officer. The agreement, filed as Exhibit 10.23 to Target’s Form 10-Q for the quarter ended November 2, 2024, provided for his continued service in an advisory capacity during the transition.

The company thanked Mr. Liu for his continued contributions and leadership throughout his tenure at Target.