Wednesday, May 7, 2014
(Minneapolis, MN) -- The search is underway for a new CEO at Target following Monday's immediate resignation of Gregg Steinhafel . The "Minneapolis Star Tribune" reports the business world is awash in possibilities to take over the retailer, which is still reeling from a huge data breach affecting credit and debit card customers last fall. Possibilities reportedly being tossed around on Wall Street include Gap chairman and CEO Glenn Murphy, Walmart's Bill Simon, and even retiring Ford Motor Company CEO Alan Mulally. Steinhafel had worked for Target for 35 years, and had been CEO since 2008.