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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.
Fiddelke acknowledged many of these problems on Wednesday, saying Target was “urgently adjusting” to tariffs and changing ...
The retailer’s board believes a company veteran can promote much needed change. Now, Michael Fiddelke has to prove himself to ...
Fiddelke, an Iowa native and University of Iowa graduate, has been with Target since 2003, starting as an intern. Investors ...
Key Takeaways Target announced it was replacing CEO Brian Cornell with 20-year company veteran Michael Fiddelke, and shares plunged.Fiddelke was instrumental in the struggling retailer's efforts to ...
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