Target’s board ‘deeply grateful’ to departing CEO

Gregg Steinhafel, who oversaw the retail chain during its massive data breach over the holiday shopping season, is stepping down after ‘extensive discussions’ among the board members.

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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.

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