Target CEO Exits In Wake Of Data Breach

Steinhafel, chief executive since 2008, will resign immediately as chief executive and chairman of the board.
Target CEO Exits In Wake Of Data Breach
Credit: North Charleston
By Susie Madrak — May 5, 2014

Via AFP:

US retail giant Target announced Monday that chief executive Gregg Steinhafel was stepping down, nearly five months after hackers stole data on potentially more than 100 million customers.

Steinhafel, chief executive since 2008, will resign immediately as chief executive and chairman of the board. Chief financial officer John Mulligan has been appointed interim CEO, the company said.

"After extensive discussions, the board and Gregg Steinhafel have decided that now is the right time for new leadership at Target," the company said in a statement.

In December Target, the third-larges...

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