Image Credit: Getty Images Brian Cornell, the current CEO of Target, announced he will be stepping down from his executive position next year. The company's announcement comes amid declining sales. In a statement from a Wednesday, August 20, press release, Cornell said, "I want to thank the entire team at Target for their unwavering focus on our guests and on advancing our culture. It has been a privilege to lead this team over the last 11 years, and I will continue to support and champion Target in my role on the Board." Below, learn more about Cornell and his replacement at Target.