Target said Monday that Chairman, President and CEO Gregg Steinhafel is out nearly five months after the retailer disclosed a massive data breach that has hurt its reputation among customers and has derailed its business.
NAME: Gregg W. Steinhafel
HOMETOWN: Milwaukee, Wisconsin
EDUCATION: Bachelor’s degree from Carroll University, Waukesha, Wisconsin; Master’s degree from Northwestern’s Kellogg School of Management
CAREER: A 35-year veteran of Target, he began as a merchandise trainee in 1979 and held a variety of merchandising and operational management positions. He became president in 1999, CEO in 2008 and chairman in 2009.
OTHER INFO: Steinhafel also serves on the boards of The Toro Co. and TreeHouse, a Minnesota non-profit. He is a member of the Business Roundtable, Business Council and the Minnesota Business Partnership.
FAMILY: Married with three children.