Top Retail Companies 9-2012

Top Retail Companies

September 2012

Prepared by

Sheila Greco Associates, LLC

174 County Highway 67

Amsterdam, NY 12010

(518) 843-4611

www.sheilagreco.com

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Costco Wholesale Corp:

Page 3 – 8

– Organization Chart: Page 4

– Biographies: Page 5 - 8

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CVS Caremark Corporation: Page 9 – 12



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Walgreen Co.: Page 20 – 30

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Organization Chart: Page 21

Biographies: Page 22 - 30

Wal-Mart Stores Inc.: Page 31 – 38

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Organization Chart: Page 32

Biographies: Page 33 - 38

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Target Corporation: Page 13 – 19



This document and its content is copyright of Sheila Greco Associates, LLC - ©

Sheila Greco Associates, LLC - 2012. All rights reserved.

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3

Richard Galanti

Executive Vice President,

Chief Financial Officer,

Director

Paul Moulton


Information Services,

Chief Information Officer

Dennis Zook


Chief Operating Officer,

Southwest Division &

Mexico

Costco Wholesale Corp.

999 Lake Drive

Issaquah, WA 98027-5367

(425) 313-8100 www.costco.com

9/19/2012

Craig Jelinek

President,

Chief Executive Officer,

Director

Joel Benoliel

Senior Vice President,

Administration,

Chief Legal Officer

James Murphy


International Operations

John Matthews


Human Resources & Risk

Management

Dennis Knapp


Merchandising,

Non-Food

Doug Schutt



Merchandise

Joseph Portera



Eastern & Canadian Division

Franz Lazarus


Administration,

Global Operations

John McKay



Northern & Mid-West

Division

Thomas Walker


Construction, Distribution &

Traffic

Ginnie Roeglin

Senior Vice President, e-Commerce & Publishing

About Costco Wholesale Corp.

Costco currently operates 605 warehouses, including 438 in the United States and Puerto Rico, 82 in Canada, 32 in

Mexico, 22 in the United Kingdom, 13 in Japan, eight in Taiwan, seven in Korea and three in Australia. The Company also operates Costco Online, an electronic commerce web site, at www.costco.com and at www.costco.ca in Canada. The

Company plans to open up to an additional three new warehouses prior to the end of its fiscal year on September 2, 2012.

Ticker: COST

Sales(m): $88,915.0

# of Employees: 92,000



4

Craig Jelinek

President, Chief Executive Officer, Director

Mr. W. Craig Jelinek has been the President and Chief Executive

Officer of Costco Wholesale Corporation since January 28, 2010 and January 1, 2012 respectively. Mr. Jelinek served as

Executive Vice President and Chief Operating Officer of

Merchandising of Costco Wholesale Corp. since September

1995 and February 2004 respectively. He served as Chief

Operating Officer of Costco Wholesale Corporation from January

28, 2010 to January 1, 2012. Mr. Jelinek served as Chief

Operating Officer, Northern Division of Costco Wholesale Corp. since September 1995. Mr. Jelinek served as Senior Vice

President, Operations—Northwest Region of Costco Wholesale

Corp. since September 1994. From May 1986 to September

1994, he served as Vice President, Regional Operations

Manager—Los Angeles Region. He joined Costco Wholesale

Corporation in April 1984. He has been a Director of Costco

Wholesale Corporation since January 28, 2010.

Richard Galanti

Executive Vice President, Chief Financial Officer, Director

Richard A. Galanti has been a director of the Company since

January 1995, and Executive Vice President and Chief Financial

Officer of the Company since October 1993. He was Senior Vice

President, Chief Financial Officer and Treasurer of the Company from January 1985 to October 1993, having joined as Vice

President-Finance in March 1984. From 1978 to February 1984, Mr.

Galanti was an Associate with Donaldson Lufkin & Jenrette

Securities Corporation.



5

Joel Benoliel

Senior Vice President, Administration, Chief Legal Officer

A native of Washington, Joel was born and raised in the Seattle area. A 1963 graduate of Seattle¿s Franklin High School, he completed his undergraduate degree in Political Science at the

University of Washington in 1967 and earned his J.D. from the

University of Washington Law School in 1971. While in Law

School, Joel enlisted in the U.S. Army Reserve, serving for six years in a JAG Detachment, until his honorable discharge in

1974.

Joel began his professional career as a lawyer in general private practice with a small firm in Seattle. In 1978, he became Vice

President and General Counsel at the privately held Jack A.

Benaroya Company, the largest commercial real estate developer in the Northwest in the 1970's and early 1980's. The company sold its real estate assets in 1984 for $325 Million. The transaction was managed and closed under Joel's direction. It involved more than 100 buildings, and represented the largest single real estate transaction in West Coast history to that point.

In 2001, Joel was promoted to membership on Costco¿s 15-member

Executive Committee, at which time responsibility for Real Estate

Development was transitioned to another member of the Executive

Committee. Since that time, Joel has served as Senior Vice President for

Legal and Administration and Chief Legal Officer. He has oversight of the

General Counsel and a team of seventeen in-house lawyers as well as a diverse group of outside law firms who handle the company's legal affairs in the U.S. and seven other countries, including Canada, Mexico, and the U.K.

He also oversees the company's Administration, Membership and

Marketing, Community Relations, and Corporate Contributions Committee, which manages the donation of 1% of the company's pre-tax profit each year to qualified 501-C-3 non-profit organizations, such as Children's

Hospitals and United Way campaigns in all the regions where Costco does business.

Joel is active outside of Costco in his community in a variety of charitable endeavors. He serves on the University of Washington School of Law

Dean's Advisory Board, and its Strategic Planning Committee. In past years, he has been a mediator and arbitrator specializing in real estate and construction dispute resolution.

Following the sale, Joel remained in the commercial and industrial real estate development business, first as a partner in the Seattle office of Dallas-based Trammell Crow Company, and then beginning in 1987, as a founding partner of Menlo Parkbased Spieker Partners. He specialized in development of community shopping centers, including those anchored by large format discount stores, home improvement stores, and supermarkets.

In 1992, Joel retired from active participation at Spieker Partners and joined Costco Wholesale as Vice President, Legal and Real Estate. The following year, Costco merged with the San Diego based Price

Company, representing a doubling of Costco¿s size in sales and locations. Joel was a key member of the team that negotiated and closed the merger, and he was promoted to Senior Vice President in the new company. While serving as General Counsel, Joel primarily focused on his real estate role, helping Costco select new markets and expand to many new cities throughout North America, including large markets in the Midwest and Southeast regions, such as Toronto, Montreal,

Chicago, Detroit, St. Louis, and Atlanta. At the same time, working in tandem with Costco Chairman, Jeff Brotman, Joel helped Costco maintain its focus on infilling locations in the existing Costco markets,


Alaska and Hawaii. In that nine-year period, Costco grew from under

100 locations to more than 350 locations.

6

Doug Schutt

Executive Vice President, Chief Operating Officer,

Merchandise

Mr. Douglas W. Schutt is an Executive Vice President, Chief

Operating Officer - Merchandising of Costco Wholesale Corp.

Mr. Schutt was Executive Vice President, Chief Operating Officer

- Northern and Midwest Division from 2004 to March 2010.

James Murphy

Executive Vice President, International Operations

Jim Murphy is the Senior Vice President of International Operations for Costco Wholesale and is a member of the company’s Executive

Committee. His responsibilities include directing the activities and expansion of Costco’s operations outside of North America. He is also responsible for the U.S. based

Global Buying and Export Groups.

John McKay

Executive Vice President, Chief Operating Officer, Northern

& Midwest Division

He joined Costco in 1987 as the Warehouse Manager in Portland,

Oregon and has held a variety of positions within the company, including VP of Operations in the Northern California Region,

Senior VP for the Northeast Division and Senior VP for Europe.

Mr. John D. McKay is Executive Vice President and Chief

Operating Officer - Northern and Midwest Division of Costco

Wholesale Corp., since March 2010. He was Senior Vice

President, General Manager, Northwest Region from 2000 to

March 2010.

Jim received his M.B.A. from the University of Portland, Oregon and his B.S. in Business Administration from the University of Southern

California, Los Angeles.

Paul Moulton

Executive Vice President, Information Services, Chief

Information Officer

Jim is also an active member of the University of Washington’s

Global Advisory Board, the Seattle

University International Business Advisory Board, the College

Success Foundation board and the board of the Tacoma Youth Chorus.

Mr. Paul G. Moulton serves as an Executive Vice President and Chief Information Officer of Costco Wholesale

Corporation. Mr. Moulton has been responsible for

Marketing, E-commerce and Member Services since

October 1999. He served as an Executive Vice President of

Information Systems at Costco Wholesale Corp. and served as its Executive Vice President of Real Estate Development since February 2001. He served as Senior Vice President of

Information Systems at Costco Wholesale Corp. from

November 1997 to August 1999. From 1995 to 1997, he served as Senior Vice President, Chief Operating Officer of

Costco Asia; and from 1992 to 1995, he served as Senior

Vice President, Chief Operating Officer of Costco Europe.

From 1990 to 1992, Mr. Moulton served as Vice President of

Finance and Corporate Treasurer and has held various management positions since joining Costco Wholesale

Corporation in July 1985.

Joseph Portera

Executive Vice President, Chief Operating Officer, Eastern &

Canadian Division

Mr. Joseph P. Portera has been Executive Vice President, Chief

Operating Officer—Eastern Division of Costco Wholesale Corp. since August 1994 and assumed the additional responsibilities of Chief Operating Officer—Canadian Division in September

2000. Mr. Portera was Senior Vice President, Operations—

Northern California Region from October 1993 to August 1994.

From August 1991 to October 1993, he was Senior Vice

President, Merchandising—Non Foods of Costco Wholesale

Corporation, and has held various management positions since joining Costco Wholesale Corporation in April 1984.



7

Dennis Zook

Executive Vice President, Chief Operating Officer,

Southwest Division & Mexico

Mr. Dennis R. Zook has been Executive Vice President, Chief

Operating Officer—Southern Division of Costco Wholesale Corp. since the Merger, which includes management responsibilities for Costco Wholesale Corp.'s joint venture operation in Mexico.

Mr. Zook was Executive Vice President of The Price Company since February 1989. Mr. Zook became Vice President of West

Coast Operations of The Price Company in October 1988 and has held various management positions since joining The Price

Company in October 1981.

Franz Lazarus

Senior Vice President, Administration, Global Operations

Mr. Franz E. Lazarus serves as Senior Vice President of

Administration - Global Operations of Costco Wholesale Corp.

Prior to that, Mr. Lazarus served as its Executive Vice President from August 1994 to September 1995; Chief Operating Officer—

International Operations since September 1995 and assumed the additional responsibilities over Manufacturing and Ancillary

Businesses in August 2000. From August 1994 to September

1995, he served as its Chief Operating Officer—Northern

Division. Subsequent to the merger in October 1993, he served as Executive Vice President, Chief Operating Officer—Eastern

Division. He served as Executive Vice President, Chief

Operating Officer—East Coast Operations of Costco Wholesale

Corporation in August 1992. Mr. Lazarus joined Costco

Wholesale Corporation in November 1983 and has held various management positions prior to his current position.

Ginnie Roeglin

Senior Vice President, e-Commerce & Publishing

Ginnie Roeglin joined Costco in 1990 as Director of IS Support and was promoted to AVP/Director of IS Development in 1992. In 1995, she became AVP and Director of Corporate Marketing and was promoted to VP in 1996. Ginnie was promoted to SVP in 2000, responsible for Marketing, Membership, Publishing, and all thirdparty Costco services. Since 2004, she has been responsible for

Costco's Ecommerce division and publishing. Ginnie was appointed to Costco's Executive Committee in 2006. She also serves on corporate advisory boards for the University of Washington's Retail

Management program, Central Washington University's Business

School, and Children's Hospital. She received a B.A. degree from the University of Wisconsin-Madison in 1976 and an Executive

Leadership certificate from Seattle University in 1999.



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9

CVS Caremark Corp.

One CVS Drive

Woonsocket, RI 02895-6184

(401) 765-1500 www.cvs.com

9/19/2012

Larry Merlo

President,


Director

Mark Cosby


CVS Caremark,

President,

CVS Pharmacy

David Denton


Chief Financial Officer

Helena Foulkes


Chief Healthcare Strategy &

Marketing Officer

Lisa Bisaccia


Chief Human Resources

Officer

Per Lofberg


CVS Caremark

Stephen Gold



Troyen Brennan


Chief Medical Officer

About CVS Caremark Corp.

CVS Caremark is dedicated to helping people on their path to better health as the largest integrated pharmacy company in the United States. Through the company's more than 7,300 CVS/pharmacy stores; its leading pharmacy benefit manager serving more than 60 million plan members; and its retail health clinic system, the largest in the nation with more than 600 MinuteClinic locations, it is a market leader in mail order, retail and specialty pharmacy, retail clinics, and

Medicare Part D Prescription Drug Plans. As a pharmacy innovation company with an unmatched breadth of capabilities,

CVS Caremark continually strives to improve health and lower costs by developing new approaches such as its unique

Pharmacy Advisor program that helps people with chronic diseases such as diabetes obtain and stay on their medications.

Ticker: CVS

Sales(m): $107,100.0

# of Employees: 202,000 This document and its content is copyright of Sheila Greco Associates, LLC - ©


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Larry Merlo


Larry J. Merlo, age 56, President and Chief Executive Officer of

CVS Caremark Corporation since March 2011. Was Chief

Operating Officer of CVS Caremark Corporation from May 2010 to March 2011. Was President of CVS/pharmacy and Executive

Vice President of CVS Caremark Corporation from January 2007 to May 2010; Executive Vice President - Stores of CVS

Corporation from April 2000 to January 2007; and Executive

Vice President - Stores of CVS/pharmacy, Inc. from March 1998 to January 2007. Currently Chairman, National Association of

Drugs Stores.

Mark Cosby

Executive Vice President, CVS Caremarke, President, CVS

Pharmacy

Mark Cosby, age 53, is Executive Vice President, CVS

Caremark Corporation, and President of CVS/pharmacy. He has responsibility for all aspects of the company’s Retail business including its retail stores, distribution centers and e-commerce site, CVS.com, as well as merchandising, supply chain, marketing, real estate, front store and pharmacy operations.

Previously, Mark served as Macy’s president of stores where he was responsible for all store operations and support functions nationwide. Prior to that he president of full-line stores for Sears

Roebuck & Co., chief operations officer of KFC, and chief development officer of Yum! Brands.

Mark Cosby

Executive Vice President, Chief Financial Officer

David M. Denton, age 47, is Executive Vice President and Chief

Financial Officer of CVS Caremark Corporation, since January

2010. He previously held the position of Senior Vice President and Controller/Chief Accounting Officer of CVS Caremark

Corporation, from March 2008 to December 2009; Senior Vice

President, Financial Administration of CVS Caremark

Corporation and CVS/pharmacy, Inc. from April 2007 until March

2008; Senior Vice President, Finance and Controller of

PharmaCare Management Services, Inc., the Company’s

1999.

Per Lofberg

Executive Vice President, CVS Caremark

Per Lofberg, age 65, is Executive Vice President of CVS Caremark

Corporation. Prior to that he was also President of CVS Caremark

Pharmacy Services, a position he assumed in January 2010.

Previously, Mr. Lofberg was President and CEO of Generation

Health. He is also the co-founder and served as CEO of Merck

Capital Ventures; served as Chairman of Merck-Medco Managed

Care LLC, which later became Medco Health Solutions; and, spent

15 years with Boston Consulting Group (BCG) in Boston, New York and Munich, West Germany.

Troyen Brennan

Executive Vice President, Chief Medical Officer

Troyen A. Brennan, M.D., M.P.H, age 57, is Executive Vice

President and Chief Medical Officer of CVS Caremark Corporation.

Prior to joining CVS Caremark Corporation, Dr. Brennan was Chief

Medical Officer of Aetna Inc. From 2000 to 2005, Dr. Brennan served as President and CEO of Brigham and Women's Physician's

Organization. In his academic work, he was Professor of Medicine at Harvard Medical School, and Professor of Law and Public Health at Harvard School of Public Health. Dr. Brennan received his M.D. and M.P.H. degrees from Yale Medical School and his J.D. degree from Yale Law School. He completed his internship and residency in internal medicine at Massachusetts General Hospital. He is a member of the Institute of Medicine of the National Academy of

Sciences.

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Helena Foulkes

Executive Vice President, Chief Healthcare Strategy &

Marketing Officer

Helena B. Foulkes, age 48, is the Executive Vice President and

Chief Health Care Strategy and Marketing Officer, CVS

Caremark Corporation, a position she has held since March

2011. Previously, Ms. Foulkes was Executive Vice President and

Chief Marketing Officer from January 2009 to March 2011,

Senior Vice President of Health Services of CVS/pharmacy, Inc., from October 2007 through January 2009, Senior Vice

President, Marketing and Operations Services from January

2007 through October 2007, and Senior Vice President,

Advertising and Marketing from April 2002 to January 2007. In her fifteen-plus years with the Company, Ms. Foulkes has held positions in Marketing and Operations Services, Strategic

Planning, Visual Merchandising and Category Management. She is a graduate of Harvard College and received an M.B.A. from

Harvard Business School.

Lisa Bisaccia

Senior Vice President, Chief Human Resources Officer

Lisa Bisaccia, age 56, has been Senior Vice President and Chief

Human Resources Officer of CVS Caremark Corporation since

January 2010. She most recently served as Vice President of

Human Resources. Since joining CVS Caremark Corporation in

2004, Mrs. Bisaccia has led major human resources initiatives including enhancing compensation practices, outsourcing human resources processing functions, and successfully managing all human resources support for the Retail business.

Stephen Gold

Senior Vice President, Chief Information Officer

Stephen Gold, age 53, is Senior Vice President and Chief

Information Officer for CVS Caremark Corporation. In this role since

July 2012, Gold is the company’s senior technology executive, with responsibility for all information systems and technology operations, including information technology strategy, application development and technology infrastructure. A seasoned executive with more than

30 years of information systems management experience, Gold was previously Senior Vice President and CIO for Avaya, and also held similar roles at GSI Commerce and Merck & Co., where he supported its Human Health and Vaccine division. Gold holds an undergraduate degree in computer science from Saint John’s

University. He has received numerous professional honors and has served on the boards of advisors for Hewlett Packard and HMG

Strategy.



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13

Target Corporation

1000 Nicollet Mall

Minneapolis, MN 55403-2467

(612) 304-6073 www.target.com

9/19/2012

Gregg Steinhafel

Chairman,

President,

Chief Executive Officer

Beth Jacob


Target Technical Services,


Terrence Scully

President,

Target Financial & Retail

Services

Laysha Ward

President,

Community Relations &

Target Foundation

Tina Schiel


Stores

Anthony Fisher

President,

Target Canada

Kathryn Tesija


Merchandising

John Griffith


Property Development

Jodeen Kozlak


Human Resources

Timothy Baer


General Counsel,

Corporate Secretary

Jeffrey Jones


Chief Marketing Officer

John Mulligan



About Target Corporation

Minneapolis-based Target Corporation serves guests at 1,772 stores across the United States and at Target.com. The company plans to open its first stores in Canada in 2013. In addition, the company operates a credit card segment that offers branded proprietary credit card products. Since 1946, Target has given 5 percent of its income through community grants and programs; today, that giving equals more than $3 million a week.

Ticker: TGT

Sales(m): $69,865.0




14

Greg Steinhafel

Chairman, President, Chief Executive Officer

Gregg Steinhafel is chairman of the board, president and chief executive officer of Target Corporation (NYSE: TGT). Target, a

Minneapolis-based discount retailer with more than $65 billion in annual revenues, serves guests at more than 1,750 retail stores in 49 states nationwide, online at Target.com, and by offering credit to qualified guests through branded proprietary credit and debit cards.

Steinhafel was named president of Target in 1999 after 20 years with the company in which he held numerous merchandising and operating positions. As president, Steinhafel had companywide responsibility for merchandising, stores, global sourcing, product design and development, presentation, supply chain and

Target.com. Steinhafel was named to the board of directors in

2007, became president and chief executive officer in May 2008, and was appointed chairman of the board of directors in January

2009. Steinhafel has been instrumental in developing and promoting Target’s unique corporate culture, in which 355,000 talented and diverse team members collaborate and innovate to make Target a fun and convenient shopping experience, providing access to highly differentiated products at affordable prices and sustaining the company?s legacy of giving and service. Since 1946, the corporation has given 5 percent of its income to non-profit organizations that support the communities where Target does business. Today, that giving equals more than $3 million a week.

In 2011, Ethisphere Institute ranked Target one of the World’s

Most Ethical Companies for the fifth year in a row, and Fortune named Target one of the World/s Most Admired Companies.

In addition to serving on Target’s board, Steinhafel also serves on the boards of The Toro Company and TreeHouse, a

Minnesota-based non-profit organization. He is a member of the

Business Roundtable, Business Council and the Minnesota

Business Partnership. In 2010, he was appointed to the Council for the Smithsonian National Museum of African American

History and Culture. In 2012, Steinhafel began a two-year term as chairman of the board for the Retail Industry Leaders

Association (RILA).

Beth Jacob

Executive Vice President, Target Technical Services, Chief

Information Officer

Beth Jacob is executive vice president of Target Technology

Services and Chief Information Officer for Target.

In 1984, Jacob joined Target’s department store division (Dayton’s) as assistant buyer. Jacob left the department store division in 1986 and returned to Target in 2002 as director of guest contact centers.

In 2006, she was promoted to vice president, guest operations. She was promoted to her current position in 2008.

She is a board member of the United Way, Greater Twin Cities.

Jacob graduated from the University of Minnesota with a bachelor’s degree in retail merchandising in 1984 and a Masters of Business

Administration in 1989.

Terrence Scully

President, Target Financial & Retail Services

Terry is President of Financial and Retail Services for Target. He is responsible for the operational and financial management of guest payment transactions, which includes Target’s $7 billion credit card portfolio, gift cards, acceptance and processing of third party credit and debit cards, and check transactions. In addition, Terry is responsible for enterprise services that support Target including all contact center responsibilities, Information Security and Business

Intelligence.

Terry serves on the board of Fraser, an organization that provides direct services for people with special needs. He also serves as a board member of Feeding America, the nation’s leading hungerrelief charity.

Terry graduated from the University of Notre Dame in 1974, and received an MBA and JD from Northwestern University in 1978. He joined Target Corporation in 1979.

Steinhafel was born in Milwaukee, Wis. He graduated from

Carroll University in 1977, and in 1979 he earned a masters of


Kellogg Graduate School of Management. Steinhafel is married and has three children.

15

Anthony Fisher

President, Target Canada

Laysha Ward

President, Community Relations & Target Foundation

Tony Fisher is president of Target Canada, responsible for leading the day-to-day operations of the corporation’s first international retail expansion.

Fisher joined Target in 1999 and has held a variety of leadership positions at the company. His work has covered marketing, merchandising and business partnership initiatives. Fisher was promoted to vice president of merchandise operations in 2010, where he led the corporation’s efforts to enhance guests’ in-store shopping experience through technology advances and process improvements.

Fisher received his bachelor’s degree in marketing management from the University of St. Thomas.

He lives near Toronto with his wife and their three children.

John Griffith

Executive Vice President, Property Development

Laysha Ward is president of Community Relations for Target. Ward oversees the corporation’s domestic and international grant making, community sponsorships, cause marketing initiatives, volunteerism and other civic activities. She is also responsible for the Target

Foundation, which supports arts and social services organizations based in the Minneapolis/St. Paul area.

Ward began her career with Target in 1991 in store sales and management with Marshall Field’s in Chicago, where she later served as community relations manager. In 1998, she was named director of community relations for the corporation in Minneapolis.

She was promoted to vice president of community relations in 2003 and to her current position in 2008.

Ward serves on the board of directors of the Corporation for

National and Community Service, the nation’s largest grant maker for volunteering and service; the Executive Leadership Council, a national membership organization for African American executives; and Denny’s Corporation. She is also a member of the Aspen

Institute’s Commission on No Child Left Behind, Alpha Kappa Alpha

Sorority, and The Links, an international woman’s service organization.

She received her bachelor’s degree in journalism from Indiana

University and a master’s degree in social services administration from the University of Chicago.

John Griffith is executive vice president of property development for Target. He leads the real estate, construction, architecture, engineering, store planning design, facilities management, property operations and Target Commercial Interiors teams at

Target.

Griffith began his career at Target in 1999 as vice president, construction. In 2000, he was promoted to senior vice president of property development and has held his current position since

2005.

John serves on the boards of trustees and executive committees of Bethel University in St. Paul Minn. and the Minneapolis

Downtown Council. He is also a past trustee of the International

Council of Shopping Centers in New York City.

Griffith received his bachelor’s degree in business administration from Bethel College and his Masters of Business Administration from the Carlson School of Management at the University of

Minnesota



16

Tina Schiel

Executive Vice President, Stores

Tina Schiel is Executive Vice President of Stores for Target.

Schiel joined Target in 1987 as a Stores team member. Since joining the company, she has held a number of leadership positions within the Stores organization, including Store Team

Leader (1992), District Team Leader (1993), Regional Director

(1995) and Regional Vice President (1997.) She was promoted to Senior Vice President in 1998 where she served as SVP for stores in three of Target’s four US regions, including the northeast; south/southeast and west coast regions, before moving to a headquarters’ position in 2010 as Senior Vice

President, New Business Development and Enterprise

Strategy. Her responsibilities included new formats such as City

Target and international opportunities. Schiel was promoted to her current position in January 2011, overseeing 1,750 stores and 300,000 team members with $65B in sales.

Schiel earned her B.A. from Hardin Simmons University.

Kathryn Tesija

Executive Vice President, Merchandising

Kathee Tesija is executive vice president, merchandising, for

Target Stores and Target.com. Her areas of responsibility include overseeing all merchandising functions of product design and development, sourcing, inventory management, merchandising systems, presentation and operations.

Tesija joined Target in 1986 as a merchandise analyst, and has held positions as merchandise analyst, merchandise planning manager, buyer and senior buyer. In 1995, she was promoted to director, merchandise planning, and in 1997 was named divisional merchandise manager, sporting goods/home improvement/automotive. Tesija was promoted to vice president, merchandise manager, toys/sporting goods in 1999, and became vice president, general merchandise manager, toys/sporting goods in March 2001. In July 2001, she was promoted to senior vice president, hardlines.

In 2008, Tesija was promoted to her current position of executive vice president, merchandising, and is a member of the executive


committee. Tesija received her bachelor’s degree from the

University of Wisconsin – Stout.

Jodeen Kozlak

Executive Vice President, Human Resources

Jodee Kozlak is Executive Vice President, Human Resources for

Target and a member of its Executive Committee. In this role she sets the strategy for enterprise talent management and organizational design and alignment as well as team culture and employment brand. Her responsibilities support the corporation’s retail and credit card segments, including stores, supply chain, headquarters and international operations.

Ms. Kozlak joined Target in 2001 as Director of Employee Relations and Employee Relations General Counsel. She was named Vice

President, Human Resources and Employee Relations in 2005 and

Executive Vice President, Human Resources reporting to the CEO in 2006. She is also a trustee of the Target Foundation. Prior to joining Target, Ms. Kozlak was a partner in the litigation practice of

Greene Espel, PLLP, a Minneapolis law firm. She also previously served as a senior associate at Oppenheimer Wolff & Donnelly and a senior auditor at Arthur Andersen & Co, both in Minneapolis.

Ms. Kozlak is President of the Board of Directors of The Guthrie

Theater and a member of the Board of Overseers for the Carlson

School of Management. Jodee is also on the board of OneVillage, a nonprofit focused on microfinance.

Ms. Kozlak received a bachelor’s degree in Accounting from the

College of St. Thomas in 1985 and earned her JD from the

University of Minnesota in 1990.

17

Timothy Baer

Executive Vice President, General Counsel, Corporate

Secretary

Tim is executive vice president, general counsel and corporate secretary for Target. His areas of responsibility include the law department, government affairs, assets protection, and Target

Brands, Inc., the corporation’s brand management and compliance subsidiary. His past responsibilities have also included media relations and corporate risk and responsibility.

In 1994, Tim joined Target as assistant general counsel and was promoted to general counsel in 2004.

Tim is a member of the Minnesota State Bar Association and the

American Society of Corporate Secretaries and Governance

Professionals. He is currently a member of the University of

Minnesota’s Lillehai Heart Institute’s Advisory Committee and he is a frequent participant in programs at the University of

Minnesota Law School, including its Corporate Institute. He has also served as a board member of Catholic Charities of St. Paul and Minneapolis and he was a member of the board of governors of Twin Cities Diversity in Practice, Minnesota

Continuing Legal Education, and the University of St. Thomas

School of Law.

Tim graduated from Princeton University with a degree in

Economics and from the University of Minnesota Law School.

Jeffrey Jones

Executive Vice President, Chief Marketing Officer

Jeff Jones joined Target in 2012 as executive vice president and chief marketing officer. His areas of responsibility include all marketing and advertising operations for the corporation.

Jeff brings extensive experience in leading global marketing strategy and operations across a variety of industries including consumer products and retail. Most recently, he served as partner and president of McKinney, a Durham, N.C. based advertising agency.

Prior to McKinney, Jeff held several leadership positions at Gap,

Inc., including serving as executive vice president and chief marketing officer, where he was responsible for leading marketing strategy, retail store design, store experience and all consumer communications. He also managed Gap, Inc.’s gift card subsidiary,

Direct Consumer Services LLC, serving as president of the division.

In addition, Jeff has previously held leadership positions at marchFIRST, Inc., The Coca-Cola Company, Leo Burnett

Worldwide, and served as president and chief executive officer of

LB Works, a Chicago-based advertising agency associated with

Leo Burnett.

Jeff is an advisor to experiential marketing firm AZ Group, mobile marketing company Zoove, indoor mapping technology company

Point Inside and music-based gaming company Curious Sense.

Jeff received his bachelor’s degree in 1990 from the University of

Dayton.



18

John Mulligan


John Mulligan is chief financial officer and executive vice president for Target, the second largest general merchandise retailer in the U.S. His responsibilities include treasury, internal and external financial reporting, financial planning and analysis, financial operations, tax, assurance, investor relations and flight services.

Mulligan joined Target in 1996 as a financial analyst, and during his tenure has held key leadership positions in Finance,

Target.com and Human Resources.

In 2003, he was promoted to director, Target.com Finance, and in 2005 was named director, Capital Investments. Mulligan was promoted to vice president, Financial Planning and Analysis, in

2006, and was named vice president, Pay and Benefits, in 2007.

In 2010, he was named senior vice president, Treasury and

Accounting, leading accounting and financial operations, including India, in addition to all Treasury functions.

In addition to his Target responsibilities, Mulligan also serves on the Finance Committee for Habitat for Humanity, and the

University of Wisconsin Business School Dean’s Advisory Board.

Mulligan graduated from the University of Wisconsin in 1988, and in 1996 he earned a masters of business administration degree from the University of Minnesota.



19



20

Walgreen Co.

200 Wilmont Road

Deerfield, IL 60015-4681

(847) 940-2500 www.walgreen.com

9/19/2012

Gregory Wasson

President,


Director

Kermit Crawford

President,

Pharmacy Health &

Wellness Division

Thomas Sabatino


General Counsel,

Corporate Secretary

Timothy Theriault



Sona Chawla

President, e-Commerce

Graham Atkinson


Chief Customer Experience

Officer

Kathleen Wilson-Thompson


Chief Human Resources

Officer

Charles Greener

Vice President,

Corporate Affairs &

Communications

Mark Wagner

President,

Community Management

Joseph Magnacca

President,

Daily Living Products &

Solutions

Robert Zimmerman


International

Brad Fluegel


Chief Strategy Officer

Wade Miquelon



President,

International

Donald Huonher


Healthcare Innovation

Jeffrey Kang


Health & Wellness Services

& Solutions

About Walgreen Co.

Minneapolis-based Target Corporation serves guests at 1,772 stores across the United States and at Target.com. The company plans to open its first stores in Canada in 2013. In addition, the company operates a credit card segment that offers branded proprietary credit card products. Since 1946, Target has given 5 percent of its income through community grants and programs; today, that giving equals more than $3 million a week.

Ticker: WAG

Sales(m): $72,184.0




21

Gregory Wasson


Gregory D. Wasson is president and chief executive officer of

Walgreen Co., and has served on the company’s board of directors since 2009.

Wasson joined Walgreens as a pharmacy intern in 1980 while a student at Purdue University’s School of Pharmacy in West

Lafayette, Ind. After earning his bachelor’s degree in pharmacy in 1981, he managed several Houston Walgreens drugstores before being promoted to district manager in 1986. He was promoted to a regional vice president of Walgreens store operations in 1999.

In 2001, he was named a Walgreens vice president and executive vice president of Walgreens Health Initiatives, the company’s pharmacy benefit manager (PBM). Wasson was promoted to president of Walgreens Health Initiatives in 2002 and named a Walgreens senior vice president in 2004 and a

Walgreens executive vice president in 2005. He became president and chief operating officer of Walgreens in 2007 and was appointed CEO in February 2009.

Wasson currently serves as chairman of the board of directors for the National Association of Chain Drug Stores. He also is a board member of the Retail Industry Leaders Association, the

Healthcare Leadership Council, the Consumer Goods Forum,

World Business Chicago, The Field Museum, the Museum of

Science and Industry and the Midtown Educational Foundation.

He is a member of The Economic Club of Chicago, The

Business Council, The Wall Street Journal CEO Council and the civic committee of the Commercial Club of Chicago. He serves as chairman for the Illinois chapter of the American Cancer

Society’s CEOs Against Cancer and has co-chaired Chicago fundraisers for ACS, Junior Achievement, the American Heart

Association’s 2010 Chicago Heart Ball and the Chicago

Academy of Sciences 2011 Annual Butterfly Ball to benefit the

Peggy Notebaert Nature Museum.



Kermit Crawford

President, Pharmacy Health & Wellness Division

Kermit R. Crawford is president of pharmacy, health and wellness division for Walgreen Co., based in Deerfield, Ill.

Crawford joined Walgreens as a pharmacy intern in 1983. Later that year, he graduated from pharmacy school at Texas Southern

University, Houston. He was a store manager and a district manager for Walgreens before being named a vice president of store operations in 2000.

Crawford was promoted to vice president of pharmacy benefit management (PBM) services for Walgreens Health Services (WHS) in 2004, and later to executive vice president of PBM services in

2005. In 2007, he was named a Walgreens senior vice president and executive vice president of WHS. In September 2007, Crawford was named a senior vice president of pharmacy services for

Walgreens, and in January 2010 he was promoted to executive vice president. In September 2010, he was named to his current position.

Active in a number of professional, health and industry organizations, Crawford serves on the board of directors of the

National Association of Chain Drug Stores and the American

Diabetes Association, Northern Illinois and Indiana region.

Crawford is also a member of the board of councilors of the

University of Southern California School of Pharmacy and on the

Florida A&M University, College of Pharmacy and Pharmaceutical

Sciences Apothecary Board of Advisors. He is a member of the

American Pharmaceutical Association and Kappa Psi fraternity.

22

Sona Chawla

President, e-Commerce

Sona Chawla is president of e-commerce for Walgreen Co., headquartered in Deerfield, Ill.

She joined Walgreens in July 2008 as senior vice president of ecommerce. Prior to joining Walgreens, she was vice president of global online business at Dell, Inc. from 2006-2008. Before Dell,

Chawla worked at Wells Fargo in their Internet Services Group from 2000-2006, where she held several roles and left the company as executive vice president of online sales, service and marketing. Prior to Wells Fargo, Chawla worked for Andersen

Consulting (now Accenture) from 1999-2000 and Mitchell

Madison Group from 1994-1999.

Chawla earned a bachelor of arts degree in mathematics and computer science from Wellesley College (Wellesley, Mass.) in

1990 and a master of science degree in management from the

Massachusetts Institute of Technology Sloan School of

Management (Cambridge, Mass.) in 1994.

Mark Wagner

President, Community Management

Mark Wagner is president of community management for

Walgreens, based in Deerfield, Ill. In this position he is responsible for bringing together all Walgreens services in markets and communities across the country. He also oversees Walgreens real estate, construction and facilities as well as the company’s supply chain and distribution.

Wagner joined Walgreens in 1977 as a service clerk and, after managing several stores, was promoted to district manager in 1993.

He was operational vice president and served as company treasurer before being named senior vice president of store operations in 2002 and executive vice president of store operations in 2006. In September 2010, he was named to his current position.

Wagner serves on the board of directors for Junior Achievement of

Chicago, Inc. He is also a board member for the Chicagoland

Chamber of Commerce's disabilityworks initiative, which aims to have companies hire more people with disabilities. Wagner also serves on the Industry Advisory Board for the Wharton School of

Business at the University of Pennsylvania, the Moody Bible

Institute Board of Trustees and the Ravinia Board of Trustees.

Wagner earned a B.S. in marketing from Northern Kentucky

University in 1985 and an M.B.A. from Western New England

College, Springfield, Mass., in 1993.



23

Wade Miquelon


Wade D. Miquelon is executive vice president and chief financial officer for Walgreen Co., based in Deerfield, Ill.

Miquelon joined Walgreens in June 2008 from Springdale, Ark.based Tyson Foods, Inc., the world’s largest processor and marketer of chicken, beef and pork, where he was an executive vice president and CFO since 2006. Prior to that, Miquelon spent

16 years with The Procter & Gamble Company, the world’s largest consumer goods product company, where he was assigned to the company’s headquarters in Cincinnati and offices in Bangkok, Singapore and finally Geneva, Switzerland, where he was general manager and head of finance for Western

Europe operations.

Miquelon’s other affiliations include serving on the board of directors for both the Chicago Shedd Aquarium and Chicago

Lyric Opera. He also serves on the dean’s advisory board for

University of Arkansas’s Sam Walton School of Business.

He received a bachelor’s degree in civil engineering from Purdue

University in West Lafayette, Indiana in 1987 and a masters of business administration degree from Washington University, St.

Louis, in 1989.

Thomas Sabatino


Secretary

Thomas Sabatino, Jr. is executive vice president general counsel and corporate secretary for Walgreen Co., based in Deerfield, Ill.

He joined Walgreens in September 2011 after having held general counsel roles with United Airlines, Inc., Schering-Plough

Corporation, Baxter International Inc., and American Medical

International, Inc.

After beginning his career with a law firm and then moving into corporate law, Sabatino was named president and CEO in 1990 of privately-held medical products manufacturer and distributor Secure

Medical, Inc., of Mundelein, Ill. In 1992, he joined American Medical

International, a Dallas-based for-profit hospital chain with 40 acutecare hospitals. Three years later he joined Baxter International and was named senior vice president and general counsel for the company in 1997.

Sabatino moved to Schering-Plough in 2004 as executive vice president and general counsel for global law and public affairs.

In March 2010, he was appointed general counsel of United Airlines and immediately took a leading role in its merger negotiations with

Continental Airlines, Inc. Sabatino left United Continental Holdings,

Inc. in 2011 after completion of the merger.

Sabatino earned a bachelor of arts degree from Wesleyan

University in Middletown, Conn., in 1980 and his law degree from the University of Pennsylvania in Philadelphia in 1983.

He is a member of the bar in Massachusetts, Illinois, California and

New Jersey. He serves on the board of directors and the executive committee of the Association of Corporate Counsel; the advisory board of Corporate Pro Bono; and is on the general counsel committee of the American Bar Association.

His current charitable affiliations include the board of directors of both Trinitas Regional Medical Center in Elizabeth, N.J., and senior advisor for One Hundred Women Making a Difference.



24

Graham Atkinson

Senior Vice President, Chief Customer Experience Officer

Graham Atkinson is senior vice president and chief customer experience officer for Walgreens, based in Deerfield, Ill.

He is responsible for developing and leading the company’s loyalty strategies with a specific emphasis on the customer experience.

Prior to joining Walgreens, Atkinson was president of Mileage

Plus for United Airlines, one of the world’s leading customer loyalty programs with more than 50 million members. In that role, he was responsible for improving the effectiveness of the customer loyalty program and extending the reach and impact of the marketing efforts for the program. While at United, he previously served as executive vice president and chief customer officer and senior vice president-marketing.

Atkinson earned an honors degree in business studies from

West London University, Ealing School of Business in London,

England, in 1973.

He serves as a board member for the Chicago Council on Global

Affairs and the Chicagoland Chamber of Commerce.

Joseph Magnacca

President, Daily Living Products & Solutions

Joseph Magnacca is president of daily living products and solutions.

Magnacca oversees Walgreens marketing and merchandising operations and leads the integration of the Duane Reade drugstores, which Walgreens acquired in April 2010.

A retail industry veteran of more than 20 years, Magnacca joined

Duane Reade in 2008 as senior vice president and chief merchandising officer. He was subsequently promoted to executive vice president at Duane Reade and then to president of the New

York-based drugstore chain following its acquisition by Walgreens.

Magnacca was the driving force behind the transformation of Duane

Reade’s urban model that has revolutionized the drugstore consumer experience. That includes a new beauty concept, The

Look Boutique, which combines prestige skin care and beauty along with mass beauty into a full service department with a department store look and feel. Many of Duane Reade’s urban concepts are being integrated into Walgreens merchandising programs.

Magnacca also served as vice president of marketing and merchandising for Loblaw, Canada’s leading food distributer and provider of general merchandise products and services, and as executive vice president of merchandising and category management for Shoppers Drug Mart, the largest drug chain in

Canada.

In 2010 Magnacca received the Beyond Beauty Award from the

James E. Marshall OCD Foundation for his efforts to raise awareness of obsessive-compulsive disorder. The same year, he was named Merchant of the Year for Drugstore Retailing by Chain

Drug Review magazine.

Magnacca was honored in 2009 with The Good Scout Award by

The Greater New York Councils, Boy Scouts of America for his role in changing the drug retail landscape in the United States.



25

Graham Atkinson

Senior Vice President, Chief Customer Experience Officer

Graham Atkinson is senior vice president and chief customer experience officer for Walgreens, based in Deerfield, Ill.

He is responsible for developing and leading the company’s loyalty strategies with a specific emphasis on the customer experience.

Prior to joining Walgreens, Atkinson was president of Mileage

Plus for United Airlines, one of the world’s leading customer loyalty programs with more than 50 million members. In that role, he was responsible for improving the effectiveness of the customer loyalty program and extending the reach and impact of the marketing efforts for the program. While at United, he previously served as executive vice president and chief customer officer and senior vice president-marketing.

Atkinson earned an honors degree in business studies from

West London University, Ealing School of Business in London,

England, in 1973.

He serves as a board member for the Chicago Council on Global

Affairs and the Chicagoland Chamber of Commerce.

Joseph Magnacca

President, Daily Living Products & Solutions

Joseph Magnacca is president of daily living products and solutions.

Magnacca oversees Walgreens marketing and merchandising operations and leads the integration of the Duane Reade drugstores, which Walgreens acquired in April 2010.

A retail industry veteran of more than 20 years, Magnacca joined

Duane Reade in 2008 as senior vice president and chief merchandising officer. He was subsequently promoted to executive vice president at Duane Reade and then to president of the New

York-based drugstore chain following its acquisition by Walgreens.

Magnacca was the driving force behind the transformation of Duane

Reade’s urban model that has revolutionized the drugstore consumer experience. That includes a new beauty concept, The

Look Boutique, which combines prestige skin care and beauty along with mass beauty into a full service department with a department store look and feel. Many of Duane Reade’s urban concepts are being integrated into Walgreens merchandising programs.

Magnacca also served as vice president of marketing and merchandising for Loblaw, Canada’s leading food distributer and provider of general merchandise products and services, and as executive vice president of merchandising and category management for Shoppers Drug Mart, the largest drug chain in

Canada.

In 2010 Magnacca received the Beyond Beauty Award from the

James E. Marshall OCD Foundation for his efforts to raise awareness of obsessive-compulsive disorder. The same year, he was named Merchant of the Year for Drugstore Retailing by Chain

Drug Review magazine.

Magnacca was honored in 2009 with The Good Scout Award by

The Greater New York Councils, Boy Scouts of America for his role in changing the drug retail landscape in the United States.



26

Donald Huonher

Senior Vice President, Healthcare Innovation

Don Huonker is senior vice president of healthcare innovation for

Walgreens, headquartered in Deerfield, Ill.

Huonker began his Walgreen career in 1995 as a management trainee in St. Louis. He became a store manager in 1996 and a district manager in Houston in 1998. From 2001 to 2002 he was on special assignment at the corporate office working on the company’s SIMS Plus computer system.

Huonker was named a director of store operations in 2002 and a vice president of store operations in 2003. In 2005, he was named vice president of pharmacy services and was promoted to corporate vice president of pharmacy services in 2006. He was named to his current position in 2007.

Prior to joining Walgreens Huonker was employed by United

Parcel Services for 16 years.

He received his B.S. degree from the St. Louis College of

Pharmacy in 1984 and an M.B.A. degree from St. Louis Webster

University in 1999.

Timothy Theriault

Senior Vice President, Chief Information Officer

Timothy J. Theriault is senior vice president and chief information officer for Walgreen Co., based in Deerfield, Ill.

Since joining Walgreens, Theriault has restructured the information technology organization to support new company strategies and enable innovation. Theriault currently heads initiatives to use technology to better understand the customer, enhance the online business and integrate new health care products that support the core retail activities.

Before joining Walgreens in 2009, Theriault was president of corporate and institutional services for Northern Trust Corporation in Chicago, a global leader in delivering investment management, asset and fund administration, fiduciary and banking solutions to corporations, institutions and affluent individuals. Theriault worked at Northern Trust for 25 years, during which time he also served as executive vice president and chief technology officer, heading the company’s worldwide operations and technology department.

Theriault earned a bachelor’s degree in business management from

Illinois State University, Normal, Ill., in 1982, and completed the advanced management program at Harvard University Business

School in 2007.



27

Kathleen Wilson-Thompson

Senior Vice President, Chief Human Resources Officer

Kathleen Wilson-Thompson is senior vice president and chief human resources officer for Walgreen Co., headquartered in

Deerfield, Ill.

Wilson-Thompson joined Walgreens in January 2010. She held several positions for Kellogg from 1992 to 2009 and left the company as senior vice president of global human resources.

She also worked as vice president and staff counsel of litigation and banking law for Michigan National Corporation in

Farmington Hills, Mich., from 1986 to 1991.

Wilson-Thompson earned a bachelor’s degree in literature from the University of Michigan in Ann Arbor in 1979, a Juris

Doctorate in 1982 and a master of law in corporate and finance law in 1996, both from Wayne State University in Detroit.

Wilson-Thompson is a board member on the Vulcan Materials

Company Board of Directors and serves on the NAACP Special

Contributions Fund Board of Trustees. She was also named by

Black Enterprise magazine in 2009 as one of its “Top 100 Most

Powerful Executives in Corporate America.”

Robert Zimmerman

Senior Vice President, International

Prior to his current position, Bob Zimmerman was senior vice president and chief strategy officer for Walgreens, based in

Deerfield, Ill.

Zimmerman joined Walgreens in 1977 as an analyst in the results department. He moved to the finance department in 1984 and was promoted to manager of strategic planning for the planning and research department in 1985.

He became manager of corporate planning in 1990, and in 1991 he was named vice president of administration for Walgreens Health

Services, before advancing to CFO of that division and serving in that capacity until 2007. He was named a divisional vice president in 2001 and promoted to a corporate vice president in 2006. He was named vice president of corporate development in 2008 and promoted to his current position in January 2011.

He received a bachelor’s degree in business from Eastern Illinois

University in 1973 and an M.B.A. from Northern Illinois University in

1984.



28

Jeffrey Kang

Senior Vice President, Health & Wellness Services &

Solutions

Jeffrey Kang, M.D., M.P.H. is senior vice president of health and wellness services and solutions for Walgreen Co., based in

Deerfield, Ill.

Prior to joining Walgreens in October 2011, Kang was chief medical officer at CIGNA, where he was responsible for health strategy and policy for its medical, pharmacy and behavioral products. Kang also was responsible for CIGNA’s pay for performance programs, including its patient centered medical home and accountable care organizations. Prior to his position at

CIGNA, he served as chief clinical officer at the Health Care

Financing Administration (now Centers for Medicare and

Medicaid Services) from 1998 to 2002. He also was chief medical officer for the Office of Managed Care from 1995 to

1998.

Kang began his career as the executive director of the Urban

Medical Group, a not-for-profit, private group practice in Boston that pioneered the use of physician and nurse practitioner teams to care for frail, elderly patients.

Kang is board certified in internal medicine and geriatrics and was on the clinical faculty at Harvard Medical School. In 1981, he received both his M.D. from University of California at San

Francisco and his M.P.H from the University of California at

Berkeley. He earned his bachelor’s degree from Harvard College in 1977. He was on the clinical faculty at Boston’s Beth Israel

Hospital, Harvard Medical School, from 1984 to 1994.

Kang currently serves on the board of directors for the

Healthcare Information and Management Systems Society

(HIMSS) and The National Committee for Quality Assurance

(NCQA).

Charles Greener

Vice President, Corporate Affairs & Communications

Charles Greener joined Walgreens from Fannie Mae (NYSE: FNM) in Washington, D.C., where he served as chief communications and marketing officer. At Walgreens, Mr. Greener will oversee all government affairs, community relations and corporate communications activities. Greener joined Fannie Mae in 2001 as senior vice president of communications. During his tenure, he also has served as Chief of Staff to the CEO and was promoted to his current role as Chief Communications and Marketing Officer in

2008, where he has been responsible for government relations, community giving, strategic communications, marketing, investor relations and corporate events. Over the past year, Greener has managed the communications and marketing outreach efforts related to Fannie Mae's role as program administrator of President

Obama's housing relief plan. Prior to joining Fannie Mae, Mr.

Greener was a regional director and general manager at global public relations leader Porter Novelli from 1995 to 2001.



29

Brad Fluegel

Senior Vice President, Chief Strategy Officer

Before coming to Walgreens, Fluegel was Executive in

Residence at Health Evolution Partners, and previously served as Executive Vice President and Chief Strategy and External

Affairs Officer of Wellpoint, Inc., one of the nation’s largest health benefits company, where he was responsible for long-term strategic planning, government affairs, corporate communications including public relations, corporate development, international expansion, innovation and new business ventures.



30

Wal Mart Stores Inc.



31

Wal-Mart Stores Inc.

702 SW Eighth Street

Bentonville, AR 72716-0001

(479) 273-4000 www.walmartstores.com

9/25/2012

Mike Duke

President,


Director

Susan Chambers


People Division

Charles Holley



Leslie Dach


Corporate Affairs

Jeffrey Gearhart


General Counsel,

Corporate Secretary

Douglas McMillion

President,


Wal-Mart International

Bill Simon

President,


Wal-Mart U.S.

Rosalind Brewer

President,


Sams Club

Ed Kolodzieski


Global Sourcing

Rollin Ford


Chief Accounting Officer

Neil Ashe

President,


Global e-Commerce

About Wal-Mart Stores Inc.

Wal-Mart Stores, Inc. (NYSE: WMT) serves customers and members more than 200 million times per week at over

10,300 retail units under 69 different banners in 27 countries. With fiscal year 2012 sales of $444 billion, Walmart employs

2.2 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy and employment opportunity.

Ticker: WMT

Sales(m): $446,950.0

# of Employees: 2,200,000 This document and its content is copyright of Sheila Greco Associates, LLC - ©


32


Mike Duke


Susan Chambers

Executive Vice President, People Division

Michael T. Duke is the president and chief executive officer of

Wal-Mart Stores, Inc. (Walmart). From 2005 to February 2009,

Mike served as vice chairman of the company, with responsibility for Walmart International.

As CEO, Mike leads a strong management team that is focused on keeping Walmart's mission of "saving people money so they can live better" relevant to every customer, every day. The company also continues to broaden and accelerate its global efforts on environmental sustainability, responsible sourcing and associate opportunity.

Since joining Walmart in 1995, Mike has led the logistics, distribution and administration divisions as well as Walmart U.S.

As vice chairman, Mike was actively involved in developing and executing corporate strategy. He focused on setting higher standards of excellence for the company's resources and people

— from the redesign of logistics and merchandise distribution systems, to the recruitment of talent, and development of strong teams.

Under Mike's leadership, the company's international business became a fast-growing part of Walmart's overall operations. In leading Walmart's expansion into mature and emerging markets,

Mike built an international management team that delivered strong operational results in a complex global environment.

Prior to joining the company, Mike had 23 years of experience in retailing with Federated Department Stores and May Department

Stores.

With over 25 years of experience in the manufacturing and retailing industries, M. Susan Chambers serves as the executive vice president of the Global People Division for Wal-Mart Stores, Inc.

(Walmart). She is responsible for managing, attracting and retaining the nation's largest private workforce.

Susan worked for 14 years with Hallmark Cards, Inc., where she was the director of applications development before joining Walmart in 1999. She trained for six months in the field as a store and club manager before advancing to senior positions across multiple corporate functions, starting in the information systems division.

There she served as a vice president for applications and development merchandising and then as senior vice president of risk management and benefits. She was promoted to the role of executive vice president of risk management and benefits administration, with additional responsibilities for global security and aviation. In 2006, Susan was promoted to her current position as executive vice president of the Global People Division. She reports directly to President and CEO Mike Duke.

Today, Susan oversees compensation, recruiting, development and retention initiatives, as well as benefits and communications for more than 2 million Walmart associates worldwide. Additionally, her responsibilities include human resource technology, culture, and regulatory issues. She is also responsible for Walmart's Global

Ethics Office and Global Diversity Office. Four years in a row she was named to Fortune magazine's list of the "50 Most Powerful

Women in Business."

Mike has served on the board of directors of Wal-Mart Stores,

Inc. since 2008, the board of directors of The Consumer Goods

Forum, the executive committee of Business Roundtable and is on the executive board of Conservation International's Center for

Environment Leadership in Business. He also serves on the board of advisors for the University of Arkansas and the advisory board of the Tsinghua University School of Economics and

Management in Beijing, China. He is a member of the National

Academy of Engineering.

Susan's role at Walmart also extends beyond traditional human resources responsibilities. Her position at one of the world's largest private employers allows her the opportunity to be involved in multiple arenas, including workforce development and education.

Susan currently serves on the Board of Trustees at William Jewell

College in Liberty, Mo., and on the Board of Visitors for The Fuqua

School of Business at Duke University.

Mike graduated from Georgia Tech with a bachelor's degree in industrial engineering. He and his wife, Susan, have two daughters and a son. This document and its content is copyright of Sheila Greco Associates, LLC - ©


33


Leslie Dach

Executive Vice President, Corporate Affairs

Leslie Dach is executive vice president of Corporate Affairs for Walmart.

He is responsible for public policy, reputation management, corporate communications, philanthropy, government relations, and the company's social responsibility and sustainability initiatives. He also manages the company's global security, aviation and travel departments.

Before joining Walmart, Leslie was vice chairman of Edelman, a major global communications firm, where he led the Washington, D.C., office, the company's research, advertising and corporate social responsibility consulting divisions and its global public affairs, crisis, technology and health care practices.

Leslie has been active as a strategist in Democratic politics and worked in senior positions in a number of presidential campaigns. He served the

Clinton administration in a variety of project capacities. Leslie has also served on the government relations staffs of the National Audubon

Society and Environmental Defense Fund, and as special assistant to the chairman of the U.S. Senate Agriculture Committee.

Leslie has a bachelor's degree in biology from Yale University and a master's in public administration from Harvard University. He serves on the board of directors of the World Resources Institute and the United

Negro College Fund.

Jeffrey Gearhart


Secretary

Jeff Gearhart is the executive vice president, general counsel and corporate secretary of Wal-Mart Stores, Inc. (Walmart). In this role, he oversees the legal department, which is responsible for handling all legal matters affecting the company in its domestic and international markets. Jeff has served as Walmart’s general counsel since 2009 and was promoted to corporate secretary in 2010.

Prior to his current role, Jeff served as senior vice president and deputy general counsel since 2007 and was responsible for oversight of the legal department's corporate, real estate, information systems, logistics and compliance divisions. Jeff joined

Walmart in 2003 as vice president and general counsel, corporate division, and was responsible for the legal department’s support of corporate governance, SEC compliance, finance, financial services, mergers and acquisitions, and risk management.

Before joining Walmart, Jeff was a partner with Kutak Rock LLP, practicing in the corporate, securities and merger and acquisitions area. Prior to that, he was a partner with the Rose Law Firm.

Jeff attended law school at the University of Arkansas. He served as an editor of the Arkansas Law Review and graduated with high honors.



34


Rollin Ford

Executive Vice President, Chief Accounting Officer

Charles Holley


Rollin Ford is executive vice president and chief administrative officer for Wal-Mart Stores, Inc. (Walmart). He oversees

Walmart's information systems division, global sourcing, global business processes, global shared services and global customer insights. He was appointed to the role in February 2012.

Rollin's previous position was executive vice president and chief information officer for Walmart, overseeing the company's strategic outlook and execution of all applications and infrastructure worldwide. He led the company's global information systems division, as well as the global business processes and global shared services organizations.

Prior to that, he was executive vice president of logistics and supply chain, where he had operating responsibility for all general merchandise, fashion, grocery, Sam's Club, import and specialty distribution centers. He also had operating responsibility for all domestic transportation and the supply chain.

He joined Walmart in 1983 and worked his way up through the logistics organization, managing all aspects of the supply chain.

Rollin serves on the board of directors for the Thurgood Marshall

College Fund, John Brown University and Mercy Health System of Northwest Arkansas. He is also a member of the GS1 management board.

Rollin graduated from Taylor University in Upland, Ind., with a bachelor's degree in business administration and systems analysis.

Charles Holley is the executive vice president and chief financial officer for Walmart. He is responsible for accounting and control, business planning and analysis, internal auditing, treasury, tax, and several other key areas of the company. The lead financial executive in each operating segment of the company (Walmart

U.S., Sam's Club and Walmart International) reports directly to him.

Before being appointed to his current role, he was executive vice president, finance and treasurer, responsible for corporate strategy and planning, tax, investor relations, financial support of corporate overhead functions, corporate mergers and acquisitions, risk management, and treasury operations, which includes capital markets and cash management. Charles also served as the company’s chief risk officer.

Previously, Charles was senior vice president of finance with responsibility for the company’s accounting, tax, financial reporting and investor relations areas. From 2003 to 2005, he served as senior vice president and controller. From 1994 through 2002,

Charles held several roles in Walmart International including senior vice president and chief financial officer for the division. He helped pioneer the company’s international expansion efforts, which included leading Walmart International’s merger and acquisition activities.

Before joining Walmart, Charles worked for Tandy Corporation as managing director for its European Memorex consumer product division (Memtek International) and served as director of finance for its international operations. He also spent more than 10 years with

Ernst & Young.

Charles is a member of Financial Executives International. He serves on the Dean’s Advisory Board for the McCombs School of

Business at the University of Texas at Austin and is an active board member for the Cancer Challenge of Northwest Arkansas.

Charles received his BBA in accounting from the University of

Texas at Austin and earned his MBA in finance at the University of

Houston. He is a Certified Public Accountant.



35


Douglas McMillion

President, Chief Executive Officer, Wal-Mart International

Rosalind Brewer

President, Chief Executive Officer, Sams Club

C. Douglas McMillon is the president and chief executive officer of Walmart International, a fast-growing segment of Walmart's overall operations, with more than 4,800 stores and over

730,000 associates in 27 countries outside the United States.

Rosalind Brewer is president and CEO of Sam’s Club, a division of

Wal-Mart Stores, Inc. (Walmart), with more than 600 locations nationwide. Rosalind joined Sam’s Club in February 2012, bringing a wealth of talent to the members-only warehouse operating segment that serves the needs of individual and small-business members.

From 2006 to February 2009, Doug served as president and chief executive officer of Sam’s Club, an operating segment of

Walmart, with sales of more than $46 billion during his tenure.

In 1984, Doug began his career with the company as a summer associate in a Walmart Distribution Center. In 1990, while pursuing his MBA, he rejoined the company in a Tulsa, Okla.,

Walmart store. Most of Doug’s 20-year career has been in merchandising in the Walmart U.S. division, primarily in food, apparel and general merchandise. He has also held various merchandising positions at Sam’s Club and Walmart

International in addition to holding leadership roles in all three operating segments of the company.

Doug serves on the board of directors of the U.S. China

Business Council, the executive committee and board of directors for Students in Free Enterprise (SIFE), the Dean’s

Advisory Board for the Walton College of Business at the

University of Arkansas and the board for Crystal Bridges, an

American art museum. Doug also serves on the board of directors for Massmart, Walmart Mexico and Bharti Walmart

Private, Ltd., and he has been recognized as a Young Global

Leader by the World Economic Forum.

Rosalind joined Walmart in 2006 as regional vice president, overseeing operations in Georgia. From 2007 to January 2012, she was division president of the Southeast. Most recently, she was executive vice president and president of Walmart East, leading more than 500,000 associates in nearly 1,600 stores spanning from

Maine to Puerto Rico.

Throughout her career, Rosalind has performed as a high-impact strategist with experience spanning global manufacturing operations, research and development, marketing and strategic business unit leadership. She has focused relentlessly on revenue growth and customer satisfaction, and has great expertise in turnaround assignments.

Before joining Walmart, she worked for Kimberly-Clark Corp., starting as a scientist in Nonwoven Technology and Product

Development before becoming president of the Global Nonwovens

Sector in 2004. As vice president of the Nonwoven Fabrics

Business, Rosalind revitalized an underperforming business unit and grew sales by more than 30 percent.

Originally from Jonesboro, Ark., Doug graduated from the

University of Arkansas in Fayetteville, with a Bachelor of Science in business administration. He received his MBA in finance at the

University of Tulsa.

Rosalind earned a bachelor’s in chemistry from Spelman College.

She attended the advanced management program at The Wharton

School and graduated from Director’s College at the University Of

Chicago School of Business/Stanford School Of Law.

Rosalind is a former director of Molson Coors Brewing Company where she served on the Human Resources/Compensation

Committee. She currently serves on the board of directors for

Lockheed Martin Corporation and is chair of the board of trustees for her alma mater, Spelman College. Her achievements include being honored by FORTUNE magazine in 2010 and 2011 as one of the 50 Most Powerful Women in Business.



36


Neil Ashe

President, Chief Executive Officer, Global e-Commerce

Bill Simon

President, Chief Executive Officer, Wal-Mart U.S.

Neil Ashe is president and CEO of Global eCommerce for Wal-

Mart Stores, Inc. He was appointed in January 2012 to lead

Walmart's Global eCommerce Division, which develops strategies, platforms and applications that combine the latest in online innovations with physical stores to give Walmart's customers a unique and seamless shopping experience.

Prior to his current role, Neil was president of CBS Interactive, where he led online properties and drove development of innovative methods to distribute programming. Websites included CBS.com, CNET.com, CBSNews.com, and

CBSSports.com.

As president of CBS Interactive, Neil led the interactive content business with operations in the U.S., Europe and China. After leading the successful integration of CNET Networks with CBS, he and his team ramped up CBS entertainment content distribution online, making CBS.com the largest television network site in the industry.

Prior to this, Neil was CEO of CNET Networks. He also oversaw development in the company's China division, taking it from a small magazine and events operator to a highly profitable online business. Ultimately, he led the sale of the company to CBS and became president of CBS Interactive.

Neil also founded a company focused on using the Internet to improve K-12 education in the U.S. He was a partner and managing director at private investment firm Crest

Communications Holdings and, before that, was an associate at

Smith Barney.

He has an M.B.A. from the Harvard Business School and a B.S. in Business Administration from Georgetown University. He serves on the boards of LivingSocial, AMC Networks and the

Georgetown University Board of Regents.

William S. Simon is president and Chief Executive Officer of

Walmart U.S. He is responsible for the strategic direction and performance of Walmart’s U.S. business, leading 1.3 million associates and about 3,900 stores. Bill and his team are focused on executing Walmart’s core business model – lowering costs in order to offer customers lower prices – and fulfilling the company’s mission of saving people money so they can live better.

Walmart U.S. serves more than 140 million customers each week and had revenues of $264 billion in Fiscal Year 2012.

From 2007 to 2010, Bill was the chief operating officer for Walmart

U.S. where he worked to drive innovation and improvement throughout the business. He previously served as executive vice president of professional services and new business development, and he led the team that created and launched Walmart’s $4 prescription drug program.

Bill joined Walmart in March 2006 from Brinker International, where he was senior vice president of global business development and was responsible for the growth of the company’s restaurant portfolio outside the United States.

Prior to Brinker, Bill served as secretary of the Florida Department of Management Services, appointed by then-Gov. Jeb Bush. Bill was responsible for the state’s operations and administrative functions, including health care benefits, human resources, the

Florida retirement system, facilities management and real estate.

Bill also was president of Diageo Southeast and president of North

America Ready to Drink. He held senior sales and marketing roles with Cadbury-Schweppes, PepsiCo and RJR-Nabisco.

He serves on the boards of the American Red Cross, the

Foundation for Excellence in Education, and the Retail Industry

Leaders Association.

Bill served 25 years in the U.S. Navy and Naval Reserves. He attended the University of Connecticut, where he earned a Bachelor


37


Ed Kolodzieski

Executive Vice President, Global Sourcing

Ed Kolodzieski is executive vice president of global sourcing at

Walmart. In this role, he coordinates the company’s global sourcing activities around the world.

Prior to this appointment, he held several positions in Japan including CEO of Walmart Japan, chairman of the board, representative executive officer and CEO of SEIYU Limited. In this role, he led the transition of SEIYU from a minority ownership position by Walmart to the 100 percent subsidiary status of today.

Prior to his time in Japan, Kolodzieski served as chief operating officer of Walmart International, where he oversaw the operations, merchandising, marketing, new format development and the international supplier partnerships for 2,400 stores in 15 markets outside of the United States.

Kolodzieski joined Walmart in 2000 as senior vice president of the Neighborhood Market division. Kolodzieski, who has 33 years of retail and supermarket experience, was previously president of Acme Markets of Virginia, Inc. He began his career as an hourly clerk with the supermarket chain Kash N’ Karry

Foods and during his 18 years with them held key positions throughout the company including senior vice president of operations. He also has served as vice president for strategic planning and chief information officer of Ingles Markets, Inc.

Kolodzieski has served as the Walmart representative on the

Food Marketing Institute board of directors, an industry association representing 1,500 food retailers globally. He also has been active in his community, serving on the board of a nonprofit organization supporting the area’s law enforcement organizations, and as a volunteer law enforcement officer with the Benton County, Ark., Sheriff’s Office. In 2005, he received an award from the U.S. Department of Homeland Security for his contributions to improving marine safety.

Kolodzieski earned a Bachelor of Science degree in business management from the University of South Florida, and a master’s of business administration degree from the University of

Tampa in Florida.



38

Top Retail Companies 9-2012

Top Retail Companies

September 2012

www.sheilagreco.com

Costco Wholesale Corp:

Page 3 – 8

– Organization Chart: Page 4

– Biographies: Page 5 - 8

CVS Caremark Corporation: Page 9 – 12

– Organization Chart: Page 10

– Biographies: Page 11 - 12

Target Corporation: Page 13 – 19

– Organization Chart: Page 14

– Biographies: Page 15 - 19

Costco Wholesale Corp.

CVS Caremark Corp.

One CVS Drive

Woonsocket, RI 02895-6184

(401) 765-1500 www.cvs.com

Target Corporation

Walgreen Co.

Wal-Mart Stores Inc.

Related documents

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Support

Top Retail Companies 9-2012

Top Retail Companies

September 2012

www.sheilagreco.com

Costco Wholesale Corp:

Page 3 – 8

– Organization Chart: Page 4

– Biographies: Page 5 - 8

CVS Caremark Corporation: Page 9 – 12

– Organization Chart: Page 10

– Biographies: Page 11 - 12

Target Corporation: Page 13 – 19

– Organization Chart: Page 14

– Biographies: Page 15 - 19

Costco Wholesale Corp.

CVS Caremark Corp.

One CVS Drive

Woonsocket, RI 02895-6184

(401) 765-1500 www.cvs.com

Target Corporation

Walgreen Co.

Wal-Mart Stores Inc.

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