Target announced Thursday that its president and CEO,
Gregg Steinhafel, has received the additional title of chairman of the board, effective Feb. 1. Steinhafel replaces the retiring former chairman and CEO
Bob Ulrich, who will now hold the title of chairman emeritus.
"As we look to the future, we are completely confident in Gregg's leadership and his ability to build on Bob Ulrich's legacy by continuing to deliver a superior guest experience, enhancing Target's team culture, reinforcing the company's strong commitment to its communities and positioning Target to generate profitable growth for many years to come," the company's vice chairman of the executive committee,
Jim Johnson, said as part of the announcement.
