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Target CEO Gregg Steinhafel Resigns Following Data Breach

05
May
2014

The board of directors of US retailer Target has announced that Gregg Steinhafel is no longer the companys president and CEO. The announcement comes just months after the company suffered a major data breach in which 40 million payment cards were compromised.

Today we are announcing that, after extensive discussions, the board and Gregg Steinhafel have decided that now is the right time for new leadership at Target, Targets board of directors announced on Monday in…

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