Target CEO Resigns Amid Massive Breach

Published 05/05 2014 05:16PM

Updated 05/05 2014 05:17PM

Target is searching for a new CEO. Officials with the retail chain announced the decision for Chairman and CEO Gregg Steinhafel to resign.

It was a decision between him and the board of directors. Steinhafel had been with the company for 35 years.

The chief financial officer will serve as interim CEO. Target has been working to upgrade its security measures since a massive hack last year compromised the credit card information of 40 million target shoppers.

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