Age, Biography and Wiki

Gregg Steinhafel is an American business executive who served as the chairman, president, and CEO of Target Corporation from 2008 to 2014. He was born in 1954 in Milwaukee, Wisconsin. Steinhafel graduated from the University of Wisconsin–Madison in 1976 with a degree in business administration. He began his career at Target in 1979 as a buyer in the home furnishings division. He was promoted to vice president of merchandising in 1990 and to executive vice president in 1995. In 1999, he was named president of Target Stores and in 2002, he was named president and chief operating officer of Target Corporation. In 2008, he was named chairman, president, and CEO of Target Corporation. Steinhafel resigned from Target in 2014 following a massive data breach that affected millions of customers. He has since served as an advisor to several companies and organizations. As of 2021, Gregg Steinhafel's net worth is estimated to be roughly $50 million.

Popular As N/A
Occupation Business executive
Age 69 years old
Zodiac Sign N/A
Born , 1954
Birthday
Birthplace Milwaukee, Wisconsin, United States
Nationality United States

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Gregg Steinhafel Height, Weight & Measurements

At 69 years old, Gregg Steinhafel height not available right now. We will update Gregg Steinhafel's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.

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Dating & Relationship status

He is currently single. He is not dating anyone. We don't have much information about He's past relationship and any previous engaged. According to our Database, He has no children.

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Gregg Steinhafel Net Worth

His net worth has been growing significantly in 2022-2023. So, how much is Gregg Steinhafel worth at the age of 69 years old? Gregg Steinhafel’s income source is mostly from being a successful Business executive. He is from United States. We have estimated Gregg Steinhafel's net worth , money, salary, income, and assets.

Net Worth in 2023 $1 Million - $5 Million
Salary in 2023 Under Review
Net Worth in 2022 Pending
Salary in 2022 Under Review
House Not Available
Cars Not Available
Source of Income Business executive

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Timeline

2008

In 1979, he was recruited as a merchandising trainee by Target, where he moved up the organization ranks. He became the Executive Vice President of Merchandising in July 1994 and became Chief Executive Officer on May 1, 2008. On May 2, 2014, Target executives issued a "him or us" ultimatum that forced Steinhafel to resign from his position as CEO on May 5, 2014 as a result of the data breach that affected 70 million to 110 million consumers. His tenure as CEO of Target also included a disastrous expansion of Target into Canada in which the company lost $2 billion in 2 years. 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. Gregg 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."

1954

Gregg Steinhafel (born 1954) is an American business executive, and the former President, CEO and Chairman of the Board of Target Corporation.

Gregg Steinhafel was born in 1954 in Milwaukee, Wisconsin. His grandfather, a Russian immigrant, founded Steinhafels Furniture in Milwaukee in 1934. He began working in the store when he was in grade school, performing odd jobs. He graduated from Carroll University in Waukesha, Wisconsin and the Kellogg School of Management at Northwestern University in Evanston, Illinois.

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