Steinhafel Set to Succeed Ulrich as Target Chairman

Target Corp. said it has named Gregg Steinhafel chairman of the board, effective Feb. 1.

MINNEAPOLIS — Target Corp. here said it has named Gregg Steinhafel chairman of the board, effective Feb. 1.

He will also continue as president and chief executive officer. Steinhafel succeeds Bob Ulrich, who will retire from the board, as previously announced, at the end of the company's fiscal year, when he will assume the title of chairman emeritus. According to Jim Johnson, vice chairman of the executive committee of Target's board of directors, “As we look to the future, we

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