Arab Today, arab today target names new ceo after data hacking scandal
Last Updated : GMT 10:21:59
Arab Today, arab today
Arab Today, arab today

Target names new CEO after data hacking scandal

Arab Today, arab today

Arab Today, arab today Target names new CEO after data hacking scandal

The Target logo is posted in front of a store
New York - AFP

US and Canadian retail chain Target named former top Pepsi official Brian Cornell as its new chief executive, charged with cleaning up after a massive data theft scandal.
Cornell replaces Gregg Steinhafel, who stepped down as chief of the $73 billion company in May, five months after it was embarrassed by hackers' theft of data on as many as 100 million customers.
That theft came at the height of the holiday shopping season and hit the company's sales and profits.
Steinhafel was also blamed for poor results in the company's aggressive expansion into Canada, which sharply increased the number of stores to more than 1,900 and employees to 366,000.
Cornell, who Target called a "seasoned retail and consumer products veteran," will assume the positions of board chairman and chief executive on August 12.
At PepsiCo since 2012, he was chief executive of the Americas Foods unit, overseeing the company's four global foods businesses including Frito-Lay and Quaker Foods.
Before that he was chief executive of the Sam's Club unit of Walmart, Target's most powerful rival.
In December and January Target disclosed that hackers successfully infiltrated the company's information systems, obtaining credit card and personal data for what could top 100 million customers.
The data breach, one of the biggest in retail history, hit sales and spurred congressional hearings on the vulnerability of customer information in an era of increasingly sophisticated hacking efforts.
In the wake of the breach, Steinhafel quickly moved to shore up customer confidence, green-lighting plans to provide free credit monitoring and identity-theft insurance to shoppers.
But the data theft, combined with $211 million in losses on the poorly executed Canada expansion, ultimately led to Steinhafel's departure.
Target's board said it "is confident that Brian's diverse and broad experience in retail and consumer products as well as his passion for leading high performing teams will propel Target forward."

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today target names new ceo after data hacking scandal Arab Today, arab today target names new ceo after data hacking scandal

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Rebel supporters flood Yemen streets

GMT 06:39 2017 Monday ,27 March

Rebel supporters flood Yemen streets
Arab Today, arab today Media host gives priority to problems of people

GMT 07:00 2017 Tuesday ,28 March

Media host gives priority to problems of people
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today Trump poised to roll back climate protections

GMT 09:28 2017 Tuesday ,28 March

Trump poised to roll back climate protections
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Uber grounds self-driving cars

GMT 09:11 2017 Monday ,27 March

Uber grounds self-driving cars
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Trump to roll back Obama clean power plan

GMT 11:10 2017 Monday ,27 March

Trump to roll back Obama clean power plan

GMT 09:58 2017 Saturday ,25 March

Nermein Al Fekki films “Foxes in the Valley”

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 06:04 2017 Tuesday ,28 March

Saudi Arabia ranks 3rd globally for smartphone use

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday