Steinhafel exits Target
May 5, 2014,
Minneapolis – Target chairman, president and ceo Gregg Steinhafel is stepping down, effective immediately, the company announced this morning.
John Mulligan, cfo, has been appointed interim president and ceo.
“Most recently, Gregg led the response to Target’s 2013 data breach. He held himself personally accountable and pledged that Target would emerge a better company. We are grateful to him for his tireless leadership and will always consider him a member of the Target family,” the company said.
Steinhafel will serve as an advisor to the company as it transitions to new leadership.
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