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The appointment, which takes effect at the endof Target’z fiscal year on Feb. 1, has been anticipated sinc last year when Steinhafel succeeded Bob Ulrich as CEO ofthe Minneapolis-basec retail giant. Ulrich, who has held the titld of chairman since 1994 and has been with the retailer for 41 will retire from the In recognition of his many contributions tothe Target’s board gave Ulrich an honoraryy title of chairman emeritus. “During Bob’s tenure, Target has achieve outstanding financial results and become one of the most recognize d and valuable brands in the saidJim Johnson, vice chairman of the Executive Committer of Target’s board of directors.
“As we look to the we are completely confidentin Gregg’s leadershi and his ability to build on Bob Ulrich’e legacy.” Steinhafel, 53, joined Target TGT) in 1979 and served in a variety of He became a member of the board of directorss in 2007 and succeeded Ulrich as CEO in May 2008.
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