Gregg Steinhafel (born in 1954) is an American business executive, who was the president, CEO and chairman of Target Corporation until 2014.
[1][2] He began working in the store when he was in grade school, performing odd jobs.
[4] In 1979, he was recruited as a merchandising trainee by Target, where he steadily advanced through the ranks of the organization.
On top of the cost burden from buying out 220 leases of discount retailer chain Zellers, the expansion was plagued by flawed execution, including inventory and restocking problems, poor locations and higher prices than Canadian shoppers expected.
[9] Steinhafel received a severance package of $61 million and agreed to "remain employed by Target in an advisory capacity to assist with the transition through no later than August 23, 2014.