Target board member resigns to become Ulta CEO
Mary Dillon resigns from Target board after being named next Ulta Salon CEO
MINNEAPOLIS (AP) -- Target Corp. said Monday that Mary Dillon has resigned from its board, effectively immediately.
Dillon's resignation stems from her appointment as CEO of beauty products company Ulta Salon, Cosmetics & Fragrance Inc. She previously served as president, CEO and a board member at wireless carrier U.S. Cellular since June 2010.
Dillon, 52, had served on Minneapolis-based Target's board since 2007, Target said.
Target shares fell 19 cents to $68.64 in afternoon trading.
