Target, Fiddelke
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Target CEO Brian Cornell will step down in February, COO Michael Fiddelke will take his place
Target CEO Brian Cornell, who helped reenergize the company but has struggled to turn around weak sales in a more competitive retail landscape since the COVID pandemic, plans to step down Feb. 1.
Michael Fiddelke played the long game. Currently chief operating officer at Target, Fiddelke will soon lead the company he’s worked at for over 20 years. He joined the retailer as an intern in 2003 and worked his way up to leadership roles, even serving ...
In addition to announcing its Q2 2025 results, Target also revealed that it would be getting a new CEO. The company announced that its current CEO, Brian Cornell, will be stepping down from the role in February 2026. On February 1, its new CEO, Michael Fiddelke, will take the reins. Cornell has been Target’s CEO since 2014.
Target names insider Michael Fiddelke new CEO, succeeding Brian Cornell, who led retailer since 2014
Target ( TGT) is tapping a homegrown talent as its next CEO at one of the most pivotal moments in its 63-year history.
Michael Fiddelke's journey from intern to incoming Target CEO is a major story of internal leadership succession. Learn about his career path and future plans.
Fiddelke, an Iowa native and University of Iowa graduate, has been with Target since 2003, starting as an intern. Investors reacted negatively to the appointment, causing Target's shares to drop over 6%. An Iowa native and University of Iowa graduate will be the new top executive of Target, one of the nation's largest retail chains.
After Target faced backlash for eliminating some of its DEI programs, the company is replacing its CEO as sales continue to lag. (Scripps News)