Michael Fiddelke, the company’s chief operating officer, will take over as chief executive in February as Brian Cornell transitions to executive chair. The announcement comes at a time Target is trying to emerge from multiple quarters of sales declines.
Target said company veteran Michael Fiddelke will become its next CEO at a critical point in its effort to break out of a sales slump and win back Wall Street.
Target's board has unanimously elected Michael Fiddelke as CEO starting February 2026, promoting the current COO who first joined the company as an intern in 2003.
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 COO Michael Fiddelke as new CEO | Since Then