Thursday, May 22, 2014

CEO Resigns Over Privacy Breach

Target CEO has resigned in the wake of the 2013 privacy breach.

"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."
- Target Board of Directors
The company is continuing its search for a chief information security officer and a chief compliance officer.
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Sources:
(a) Breach Aftermath: Target CEO Steps Down - www.BankInfoSecurity.com, 05/05/2014

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