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Target interim CEO: Not interested in being new CEO

Target Interim CEO and President John Mulligan told Reuters on Tuesday he's not interested in becoming the company's new CEO, Reuters reported.

The retailer's board appointed Mulligan on Monday to lead the company until a permanent CEO is found following the ouster of Gregg Steinhafel, who had been serving as chairman of the Target board of directors, president and CEO.

Mulligan said Target will not wait to address challenges related to its expansion into Canada or other business issues until a new CEO is found.

He added that investigators have determined that the data theft was limited to what company has already disclosed—some 40 million payment card numbers and other data from about 70 million customers.

The company had previously warned that the probe might reveal that the breach was more extensive than understood at the time.

—Reuters with CNBC

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