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Target CEO Resigns

Gregg Steinhafel steps down from his position as CEO and board chairman following Target's major data breach.

By David Morrison | Updated on May 05, 2014

The breach of millions of consumer records cost Target President/CEO Gregg Steinhafel his job. 

The company announced on May 5 that Steinhafel had stepped down immediately from the CEO position, as well as from being chairman of the company’s board.

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