Subscribe Register Login

Friday, December 19, 2014, 5:28 p.m.
Top Picks - Mobile App

Target's CEO resigns in wake of breach

By The Associated Press

This article was published May 5, 2014 at 7:12 a.m.

NEW YORK — Target's data breach has now cost the company's CEO his job.

Target announced Monday that Chairman, President and CEO Gregg Steinhafel is out nearly five months after the retailer disclosed the breach, which has hurt its reputation among customers and has derailed its business.

The nation's third-largest retailer said Steinhafel, a 35-year veteran of the company and CEO since 2008, has agreed to step down, effective immediately. He also resigned from the board of directors.

A company spokesman declined to give specifics on when the decision was reached.

Read tomorrow's Arkansas Democrat-Gazette for full details.

Comments on: Target's CEO resigns in wake of breach

To report abuse or misuse of this area please hit the "Suggest Removal" link in the comment to alert our online managers. Read our Terms of Use policy.

Subscribe Register Login

You must login to make comments.

TOP JOBS

  • Rn

    - P, M-Fflexible hours Working with adults with disabilitie...
    LITTLE ROCK, AR

  • Telemarketing sales representative

    Earning Potential $35K and Up We are looking for one experi...
    Little Rock, AR

  • Therapist

    vantage point of northwest arkansas Is seeking qualified app...
    SPRINGDALE, AR

  • Technician/detailer-comfort systems

    USA (Arkansas) Inc. has an opening for a CAD Technician/Det...
    LITTLE ROCK, AR

  • Librarian/assistant

    University of Arkansas at Little RockCollections and Archive...
    LITTLE ROCK, AR

Search 727 jobs >

Top Picks - Mobile App
Arkansas Online