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Target CEO Gregg Steinhafel steps down in wake of huge data breach
Target CEO Gregg Steinhafel steps down in wake of huge data breach

Target Chief Executive Gregg Steinhafel is leaving the retailer after a massive data breach during the critical holiday season jeopardized the personal information of up to 110 million customers and caused the company's sales to plunge. "After extensive discussions" with the Minneapolis company's board, Steinhafel stepped down as chief executive, president and board member after 35 years with the brand, according to a statement issued by the board Monday. “We are grateful to him for his tireless leadership,” the statement says. Target stock was down nearly 3% or $1.83 to $60.18 a share in morning trading. As the company searches for a permanent...

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