Via Julian Hattem at The Hill, last year’s massive data breach of Target may have led to the resignation of the company’s CEO:
Less than a year after a major data breach that exposed the personal and financial information of as many as 110 million shoppers, Target CEO Gregg Steinhafel is stepping down.
The retail giant’s board of directors announced on Monday that John Mulligan, the company’s chief financial officer, has been appointed as interim president and chief executive until a permanent replacement is named. Steinhafel will continue to serve an advisory role for the Minneapolis-based company.
“We believe his passion for the team and relentless focus on the guest have established Target as a leader in the retail industry,” the board said of Steinhafel in a statement.