Blackstone Announces Stephanie Lundquist, former EVP and President at Target, as Senior Advisor

New York, November 4, 2021 – Blackstone (NYSE: BX) today announced the appointment of Stephanie Lundquist, former EVP and President, Food & Beverage at Target, as a Senior Advisor. Stephanie will bring her expertise in large-scale organizational development, people management, operations, data and technology transformation to advise across Blackstone’s businesses, with a focus on Blackstone Growth (BXG), the firm’s growth equity investing platform.

Jon Korngold, Global Head of Blackstone Growth, said: “Stephanie is an exceptional leader with experience that spans nearly all facets of a complex, Fortune 50 organization. Our portfolio companies, particularly those in the consumer space, will benefit from her insights as they look to scale and successfully navigate today’s complex environment.”

Stephanie Lundquist added: “I look forward to working with Blackstone and its global base of portfolio companies. Jon and the BXG team’s unique focus on providing world-class operational support and resources to growth-stage companies is critical in today’s rapidly changing world.”

Lundquist spent 15+ years at Target, including in senior roles across HR, operations and business transformation. She most recently ran Target’s $18B multi-channel food and beverage business and previously served as Chief Human Resources Officer of the company, leading all aspects of human resource management for its 300,000+ team members around the world. In 2015, Lundquist helped create a new “Transformation Office” at the company where she directed key strategic initiatives under the leadership of a new CEO.

Lundquist is currently a board member of Sysco and previously Shipt. She received her bachelor’s degree in business and communication from Concordia College in Moorhead, Minnesota.

About Blackstone
Blackstone is the world’s largest alternative asset manager. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our $731 billion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at Follow Blackstone on Twitter @Blackstone.

Tom Clements
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