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Target CEO exit demonstrates importance of succession planning

The permanent CEO, when selected, will face many challenges

The recent resignation of Target CEO Gregg Steinhafel illustrates the importance of succession planning.

Pressure apparently was on the board to respond to consumer dissatisfaction over last year’s credit card breach. The breach exposed personal information of some 110 million customers late last year.

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Ed Silverstein

Ed Silverstein is a veteran writer and editor for magazines, websites and newspapers. A graduate of Harvard's Kennedy School of Government, he has won several...

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