"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."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