- This just in May 5
This morning, Target released a statement announcing that its CEO, Gregg Steinhafel, is leaving the company. The news comes five months after hackers stole 40 million credit card numbers from the store.
In the statement, Steinhafel said he is "personally responsible" for the data breach. Target's chief financial officer, John Mulligan, will serve as interim president and CEO following Steinhafel's exit.
"We are grateful to him for his tireless leadership and will always consider him a member of the Target family," the company's board of directors said.
Last month, Target acknowledged that company officials were alerted to the data breach but chose to ignore the suspicious activity.- -
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- 8 secrets to steal from power networkers
- Why Mitt Romney is perfectly poised for a comeback in 2016
- What would a U.S.-Russia war look like?
- Why is the West so afraid of Islam?
- Game of Thrones is making a huge mistake by cutting Lady Stoneheart
- The Nazi smart bomb that inspired China's most dangerous weapon
- Here's the schedule very successful people follow every day
- The best places to find love — and lust — according to science
- How to make classic pulled pork
- What if The Purge was real?
Subscribe to the Week