C target

Major Events during Career of Former Target CEO

By kstptv

  • Steinhafel named president of Target Corp. Exact date unknown.

    The promotion came after 20 years with the company during which he held numerous merchandising and operating positions.

  • Steinhafel named to Target's Board of Directors. Exact date unknown.

  • Steinhafel named president and CEO.

  • Steinhafel named chairman of Target's board.

    Exact date unknown.

  • Target acknowledges massive data breach.

    Data connected to about 40 million credit and debit card accounts was stolen as part of a breach that began over the Thanksgiving weekend.

  • Steinhafel issues apology for data breach.

  • Target adds personal info. stolen during data breach.

    As many as 70 million customers in the breach had now been affected, putting them at risk of identity theft.

  • Target Corp. announces sales hurt by breach.

  • Target says investigators linked breach to third party vendor.

    It did not identify the vendor at the time, but a Pittsburgh-area heating and refrigeration business that did business with Target later came forward to say that it also was the victim of a sophisticated cyberattack.

  • Target announced fourth-quarter profits fall 46 percent.

    The loss came with a revenue decline of 5.6 percent as customers became spooked about the safety of their private data.

  • Target Corp. Chief Information Officer Beth Jacob resigns.

    Jacob is the first executive caught up in the fallout of the breach.

  • Target names Bob DeRodes as new Chief Information Officer

    DeRodes comes with 40 years of experience in information technology.

  • Target announces MasterCard will provide sophisticaed credit cards.

    The company says that MasterCard Inc. will provide its branded credit and debit cards with the more secure chip-and-PIN technology that it says will be coming out next year. That will make Target the first major U.S. retailer that will have its own branded cards with such technology.

  • Target announces Steinhafel's departure.

  • Target CFO John Mulligan named interim president and CEO.