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

June 2011: Questions on political giving still dog Target

ARTICLE Updated: Aug 5 2014 - 4:52 PM

It's the $150,000 issue that won't go away for Target Corp.A corporate donation one year ago to a group supporting then Republican gubernatorial candidate Tom Emmer continued to nag the...

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...

Schafer: Holding CEO accountable is sign of a strong company

ARTICLE Updated: May 6 2014 - 8:44 AM

Don’t look at the departure of Target CEO Gregg Steinhafel and conclude it’s just another symptom of very sick company.Asking Steinhafel to leave was actually a sign of just how healthy...

Jan. 13: Target CEO speaks on data breach

VIDEO Updated: May 5 2014 - 8:24 AM

Target CEO Steinhafel apologizes, seeks to reassure customers

ARTICLE Updated: Jan 14 2014 - 5:52 AM

Target Corp. launched a public relations blitz on Monday to reassure customers that it will work to restore their trust after the massive data breach that came to light in December.Breaking his...

Target CEO pledges 'to get to the bottom' of data breach, says 'I'm sorry'

ARTICLE Updated: Jan 13 2014 - 9:26 PM

The top executive for Target Corp. started the week Monday trying to assure consumers that his company will figure out who stole personal information of tens of millions of its customers, and he...

Gregg Steinhafel, CEO, Target Corp.

ARTICLE Updated: Jan 5 2014 - 6:58 AM

« Our guests’ daily activities and shopping habits are converging in dramatically new ways. » Gregg Steinhafel, CEO of Target Corp.About Steinhafel: Was named president of Target...

CEO Pay Watch: Target's Gregg Steinhafel: $23.4 million

ARTICLE Updated: Apr 30 2013 - 5:44 AM

Gregg Steinhafel, Target Corp. chairman, president, CEOTotal compensation: $23,472,082 for the year ended Jan. 31, 2013Salary: $1,500,000Non-equity incentive pay: $2,880,000Other compensation:...

Target shares drop on slowed fourth quarter

ARTICLE Updated: Feb 27 2013 - 9:34 PM

Target Corp.’s Neiman Marcus collaboration did not turn out to be a holiday gift to the retailer.The No. 2 discount chain reported that its fourth-quarter net income dipped 2 percent as it...

Target sees sales jump 3.1 percent in January

ARTICLE Updated: Feb 7 2013 - 10:43 PM

Target shoppers searching for after-Christmas deals ultimately bought food and beauty products in January as payroll tax increases cut paychecks last month.The Minneapolis-based retailer said...

CEO pay watch: Target's Steinhafel: $19.2 million

ARTICLE Updated: Apr 30 2012 - 8:40 PM

TARGET CORP.Gregg Steinhafel, chairman, president, CEOTotal compensation: $19,260,390 for the year ended Jan. 31Salary: $1,500,000Bonus: $1,250,000Non-equity incentive pay: $2,205,000Other...

Gregg Steinhafel has faced up to many challenges as Target CEO

ARTICLE Updated: Dec 4 2010 - 10:19 PM

It isn't easy being CEO of a public company. The glamour days of CEO rock stars and high-flying stock prices are gone. Companies are under constant scrutiny by activist investors, aggressive...

Target CEO sees holly, jolly holidays

ARTICLE Updated: Nov 17 2010 - 11:09 PM

Minneapolis-based Target Corp. rarely goes out on a limb. But after turning in a solid third-quarter performance Wednesday, CEO Gregg Steinhafel predicted that the holiday season will lift the...

Introducing Target's newest top dog

ARTICLE Updated: May 3 2008 - 5:42 PM

Here on the 26th floor of Target's headquarters in downtown Minne- apolis, there's been no hoopla. No ceremonial passing of the baton. No party with juice and cookies.But a new era has begun.Bob...

Steinhafel's to-do list

ARTICLE Updated: May 3 2008 - 3:41 PM

STEINHAFEL'S TARGET TO DO LIST• Get tough on expenses• Push the "Pay Less" side of the slogan• But ... stay fresh (that's the vital "Expect More" part)•...

 
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