Target Corp. on Tuesday announced that two longtime executives plan to retire in the near future.

John Mulligan, who currently serves as executive VP and chief operating officer, will transition to “strategic advisor” beginning February 2024. He plans to stay in that role for a full year before formally retiring, Target officials said in a news release issued Tuesday.

Executive VP and chief external engagement officer Laysha Ward, meanwhile, is in the midst of transitioning to a strategic advisor through April 2024.

Target chair and CEO Brian Cornell said that both executives have made a “tremendous impact” on the retailer. For his part, Cornell is slated to stay on board for a few more years after Target removed its policy mandating CEO retirement at 65.

Mulligan’s career at Target started in 1996, when he joined the retailer as a financial analyst. He was the company’s CFO between 2012 and 2015, and even completed a stint as interim CEO and president in 2014. Target officials credited Mulligan with rolling out the company’s “stores-as-hubs” model, wherein brick-and-mortar stores essentially function as fulfillment centers. Mulligan was also a “driving force” in developing Target’s drive-up services, officials said.

Ward got her start as Target back in 1991, when she worked as a frontline team member at a Marshall Field’s store in Chicago. Target owned the Marshall Field’s chain from 1990 through 2004. Ward then worked her way up from community captain at the Chicago store before leading corporate responsibility at the Target Foundation, the retailer’s nonprofit arm.

This summer, TCB inducted Ward into the Minnesota Business Hall of Fame for her long career at Target. Ward, who’s met every living U.S. president, played a key role in developing Target’s social impact strategy.