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Target, Michael Fiddelke and CEO Cornell

The Tennessean · 3h

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.

Why New Target CEO Michael Fiddelke Must Put The Fun In Fundamentals

On his shopping list come Feb. 1, new Target CEO Michael Fiddelke faces a multitude of challenges from making its offer clearer to unwinding the damage from DEI missteps.

Target names longtime insider Michael Fiddelke its next CEO as it tries to break sales and stock slump

Wall Street had hoped the big box retailer would hire someone from outside the company. Target's stock is down about 60% since 2021.

Target Stock Sinks

The Des Moines Register on MSN · 21h

Iowa native set to become Target CEO as company faces financial struggles

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.

Penn Live · 1d

Target replacing its CEO amid company struggles

Minneapolis-based Target said CEO Brian Cornell, who has led the company for 11 years, would step down on Feb. 1. The board of directors chose Chief Operating Officer Michael Fiddelke, a 20-year Target veteran,

Investopedia on MSN · 1d

Target Stock Sinks as Retailer Replaces CEO With Company Veteran

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 reshape how it operates.

1don MSN

TGT stock price: Why are Target shares dropping today—and who is Michael Fiddelke?

In addition to announcing its Q2 2025 results, Target also revealed that it would be getting a new CEO. The company announced ...

1don MSN

Target names insider Fiddelke as CEO to guide turnaround

Target promoted insider Michael Fiddelke on Wednesday as its new CEO to turn around the struggling retailer after a series of ...

2h

Target Just Changed Its Leadership. Some Say It’s Not a Great Sign

Fiddelke acknowledged many of these problems on Wednesday, saying Target was “urgently adjusting” to tariffs and changing ...

Can Target’s new CEO hit the bullseye?

The retailer’s board believes a company veteran can promote much needed change. Now, Michael Fiddelke has to prove himself to ...

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