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Target CEO Brian Cornell steps down; Michael Fiddelke takes over after weak quarter
Michael Fiddelke, Target's current chief operating officer, will succeed Brian Cornell as chief executive officer, the company said in a release. Cornell, who has served as the company's CEO since 2014, will step down and Fiddelke will take over the role on Feb. 1, 2026.
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Michael Fiddelke Named Target's New CEO As Sales Plunge
Target has picked a longtime executive to take over as CEO amid plummeting sales and a slumping stock throughout 2025.
Wall Street had hoped the big box retailer would hire someone from outside the company. Target's stock is down about 60% ...
Results over the last few years have fallen short of our expectations and our potential,” current CEO Brian Cornell says.
In addition to announcing its Q2 2025 results, Target also revealed that it would be getting a new CEO. The company announced ...
Good morning. There’s more executive turnover in the Fortune 500. Target CEO Brian Cornell is stepping down, and Michael ...
Target promoted insider Michael Fiddelke on Wednesday as its new CEO to turn around the struggling retailer after a series of ...
Michael Fiddelke, the company’s chief operating officer, will take over as chief executive in February as Brian Cornell ...
Target (TGT) stock is sinking after the company announced that COO Michael Fiddelke will succeed current CEO Brian Cornell.
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