Gregg Steinhafel

A career Target employee, Steinhafel started as a merchandise trainee in 1979 and progressed through merchandising and operations positions before being named president of Target in 1999. He was named CEO in May 2008 and chairman in February 2009. He succeeded Robert Ulrich.

key info

Birthplace:

Milwaukee, Wis.

Age:

59

Family:

Married, three children.

School:

Carroll University, 1977; Northwestern’s Kellogg School of Management, 1979 (MBA)

Salary:

$1.5 million (2012 total compensation: $19.2 million.)

Awards:

On board of directors at Toro Co. and TreeHouse, a Minnesota-based nonprofit. A member of the Business Roundtable, Business Council and the Minnesota Business Partnership. In 2010, was appointed to the Council for the Smithsonian National Museum of African American History and Culture. In 2012, began a two-year term as chairman of the board for the Retail Industry Leaders Association.

star tribune coverage

Paying up: Hiring a new CEO from outside can be pricey

ARTICLE Updated: Jul 28 2014 - 9:48 AM

The search for a new CEO presents Target Corp. with a tricky paradox.In recent years, shareholders have grown more agitated over the big compensation packages that CEOs of giant companies typically...

Target fired CEO Gregg Steinhafel, cut compensation, proxy shows

ARTICLE Updated: May 20 2014 - 6:14 AM

In case there was any gray area about the circumstances surrounding Gregg Steinhafel’s exit from Target, it’s now clear that the former chief executive was fired from the Minneapolis...

Steinhafel could get $26 million in Target severance

ARTICLE Updated: May 19 2014 - 9:53 AM

Target Corp.’s Gregg Steinhafel is eligible for approximately $26 million as he steps down from the top leadership position at the nation’s second-largest retailer.The final number is...

Target seeks new CEO to restore chain's luster

ARTICLE Updated: May 19 2014 - 9:53 AM

CEO Gregg Steinhafel is out at Target, five months after a massive data breach that punctuated a long list of simmering problems for the discount retailer.In a statement Monday, the company’s...

Potential candidates to lead Target come from inside, outside

ARTICLE Updated: May 6 2014 - 9:34 AM

Now that Gregg Steinhafel has resigned as Target’s top executive, the emerging list of would-be successors centers on retail executives who are successfully navigating the notoriously difficult...

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