financial
financial

Target CEO Ulrich to Retire in May

As sales trends slow and share value falls, Target Corp. said Wednesday that chief executive officer Robert Ulrich will retire May 1 and be succeeded by company president Gregg Steinhafel.

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Ulrich said Steinhafel's "considerable knowledge of our culture and history after 28 years with the company, his personal commitment to building a world-class team and the innovation and energy he brings to Target every day make him uniquely qualified to lead."
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