"After extensive discussions, the board and Gregg Steinhafel have decided that now is the right time for new leadership at Target," according to the company's board of directors statement.
"[Steinhafel] held himself personally accountable."The company is continuing its search for a chief information security officer and a chief compliance officer.
- Target Board of Directors
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(a) Breach Aftermath: Target CEO Steps Down - www.BankInfoSecurity.com, 05/05/2014