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John Mulligan 2 articles

Target’s President and CEO Gregg Steinhafel officially resigns in midst of data breach aftermath

Just five months after the monumental data breach that brought the massive American retailer to its knees, Target CEO and President Gregg Steinhafel resigned from his positions, including chairman of the board of directors, effective immediately. “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,” an official statement from Target’s website said this morning. John Mulligan, the company’s chief financial officer, will serve as interim president and CEO during the transition period. According to a letter posted to Target’s website directed to the ... Read More

Target and Neiman Marcus executives explain their data breaches to the Senate Judiciary Committee

John Mulligan, Target Executive Vice President and Chief Financial Officer, started off his testimony to the Senate Judiciary Committee apologizing for the data breach that has exposed 110 million Target customers’ personal and financial information. “We know this breach has shaken their confidence in Target, and we are determined to work very hard to earn it back,” Mulligan explained to the panel, which was conducting a hearing on the prevention of data breaches and cybercrime. The data breaches of Target and Neiman Marcus were the primary focus of the hearing. The Justice Department alerted the retail giant on the evening ... Read More