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.
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.