72°

Topics

Management Change
Target CEO resigns as fallout from data breach continues
Target CEO resigns as fallout from data breach continues

Target's massive data breach claimed its highest-profile victim yet — Chief Executive Gregg Steinhafel — as the retailer struggles to recover the trust of shoppers and investors. After 35 years with the brand, Steinhafel stepped down Monday as Target Corp.'s CEO, president and chairman following "extensive discussions" with the Minneapolis company's directors, the company's board said in a statement. "We are grateful to him for his tireless leadership," the statement said. Steinhafel, 59, resigned less than five months after the retailer disclosed a data breach that has jeopardized as many as 40 million payment card accounts since the...

Loading