Goal CEO steps down in aftermath of buyer knowledge breach

Target CEO steps down in aftermath of customer data breach

The fallout from Goal’s large buyer knowledge breach continues: following the departure of the retailer’s chief info officer in March, CEO Gregg Steinhafel has stepped down. The chief feels he is “personally accountable” for the lax safety that let the breach occur, and is bowing out after “in depth discussions” with the board of administrators. He’ll grasp on as an advisor whereas Goal seems for a alternative, and CFO John Mulligan will run the corporate within the interim.

In his resignation letter, Steinhafel says that it is the “proper time” for him to go away. The shop chain has handed “a number of key milestones” in bolstering safety, he says, together with a new CIO with experience in defending authorities knowledge. Nevertheless, the exit additionally comes a number of weeks after the agency recorded a forty six % yr-over-yr drop in its vacation season income. Goal is beneath strain to regain the arrogance of each shareholders and buyers, and a change in CEOs simply may present the reassurances wanted to enhance the corporate’s backside line.

[Image credit: Frederic J. Brown/AFP/Getty Images]

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