New Target CEO has a ‘rare combination’ of skills

When Target appointed an interim CEO following Gregg Steinhafel’s departure in May, analysts and executive placement experts saw it as an indication the retailer would for the first time reach outside for a new leader.

The big-box chain went further against the grain on Thursday, when it announced that Steinhafel’s permanent replacement would come from the consumer packaged goods industry. Read the full article by Krystina Gustafson.