May 5 (Bloomberg) — Target Corp. Chief Executive Officer Gregg Steinhafel, dogged by a holiday-season data breach that exposed the personal information of tens of millions of shoppers, will step down as chairman, president and CEO.

John Mulligan, Target's chief financial officer, will serve as interim CEO while the company seeks a permanent replacement, according to a statement today. Board member Roxanne Austin, a former DirecTV executive, will be interim chairwoman.

Steinhafel, a 35-year Target employee, had been working to regain customers' loyalty after hackers stole card data and personal information at the height of the Christmas season last year. Beth Jacob, who had served as Target's top technology officer during the breach, stepped down in March. The retailer's Canadian expansion also has struggled to gain a foothold, further hampering sales.

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