Target’s CEO is the latest victim of the massive credit card hack

Target on Monday announced that Gregg Steinhafel, the company’s CEO, President and Chairman of the board, has stepped down from all positions following the massive credit card hack the company had been hit with late last year. “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 board wrote in a statement. “Effective immediately, Gregg will step down from his positions as Chairman of the Target board of directors, president and CEO. John Mulligan, Target’s chief financial officer, has been appointed as interim president and chief executive officer. Roxanne S. Austin, a current member of Target’s board of directors, has been appointed as

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