As Data Breach Woes Continue, Target's CEO Resigns
35-year old Gregg Steinhafel, Target's chairman and chief executive officer is stepping down, as the enormous data breach before Christmas endured by the Minnesota retailer continues to churn the company. This decision is effective immediately, according to an announcement posted today on Target's company website. John Mulligan, Target's CFO, has been chosen as the interim president and CEO.Steinhafel on a speech to the media held himself personally accountable for the breach and gave assurance that Target would emerge as a better company, following the breach, the statement said.