Monday, May 5, 2014

Target CEO Resigns for Privacy Breach

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

"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," the company's board of directors said in a May 5 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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