Target puts CEO’s name on Indian office
February 27th, 2010
Target Corp.’s office in Bangalore, India has a new name — that of company CEO Gregg Steinhafel.
Until now known as C2, Target’s largest and newest office in Bangalore will be called the Gregg W. Steinhafel Center, according to a company press release.
Minneapolis-based Target (NYSE: TGT) on Thursday renamed the Indian office after Steinhafel, who became CEO in 2008 and chairman of the company in 2009 fast cash without a hassle.
The new name is Target’s latest attempt to demonstrate commitment to its business in that country. For months, Target has battled rumors of a sale of its Indian operations, calling them “ridiculous speculation” and “unequivocally not true” as recently as January.
Filed under: business by John