Quantcast

Target CEO Steps Down - Valley News Live - KVLY/KXJB - Fargo/Grand Forks

Target CEO Steps Down

Posted: Updated:
Gregg Steinhafel, the chairman and CEO of Target during the retailer's massive breach of customer data last year, has left the company effective immediately.

The company announced that the decision was made after "extensive discussions" between Steinhafel and the board.

Chief Financial Officer John Mulligan will serve as interim CEO, while board member Roxanne Austin will serve as interim non-executive chair of the board.

Steinhafel, who had been with Target for 35 years, will serve in an advisory capacity during this transition to a permanent CEO.

Target is the No. 2 general retailer behind only Wal-Mart Stores.
  • Local NewsMore>>

  • DEVELOPING: Police Look Into New Surveillance Video From West Acres Assault

    DEVELOPING: Police Look Into New Surveillance Video From West Acres Assault

    Fargo police continue to search for a man who assaulted a woman outside of West Acres Shopping center last Thursday.  On Monday, the Fargo Police Department released a surveillance photo from the parking lot outside of JCPenny.
    Fargo police continue to search for a man who assaulted a woman outside of West Acres Shopping center last Thursday.  On Monday, the Fargo Police Department released a surveillance photo from the parking lot outside of JCPenny.
  • We scope out Grand Forks in this week's Restaurant Report Card

    We scope out Grand Forks in this week's Restaurant Report Card

    It's Tuesday and that means it's time for our weekly restaurant report. This week we focused on Grand Forks, where we scoped out violations at a grocery store and a popular chain restaurant.
    It's Tuesday and that means it's time for our weekly restaurant report. This week we focused on Grand Forks, where we scoped out violations at a grocery store and a popular chain restaurant.
  • Fargo Schools Want Your Input

    Fargo Schools Want Your Input

    The Fargo School District is planning for the future and they need your help. The District is seeking the input of students, teachers, parents and the community through an online survey.
    The Fargo School District is planning for the future and they need your help. The District is seeking the input of students, teachers, parents and the community through an online survey.
Powered by WorldNow
Powered by 

WorldNowAll content © Copyright 2000 - 2014 WorldNow and Valley News Live. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.