Michael Fiddelke takes over
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Wall Street had hoped the big box retailer would hire someone from outside the company. Target's stock is down about 60% since 2021.
Michael Fiddelke joined Target as an intern while studying for an MBA. He's since worked in merchandising, finance, operations, and human resources.
Analysts say incoming CEO Michael Fiddelke “deserves a chance to prove himself,” though it could take time and more money for Target to get its charm back
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.
Michael Fiddelke will become Target's new CEO in February 2026, completing a remarkable 22-year journey from company intern to chief executive.
The company's current COO, Fiddelke believes that "being unapologetically and unmistakably Target" will help get the Minneapolis-based retailer back on track.
The chief operating officer, who will take the top job in February, said the retailer needs to revive its focus on stylish merchandise.
As Target’s next chief executive officer, Michael Fiddelke gets handed one tough assignment: reversing the retailer’s prolonged slumping sales and profits and restoring the cache of a business once admired as “Tar-zhee.” Fiddelke, currently chief ...
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Target’s stock drops as longtime CEO Brian Cornell’s planned departure overshadows an earnings beat
Shares of Target Corp. slumped 10.5% in premarket trading Wednesday, after the discount retailer said it was replacing for Chief Executive Brian Cornell, who has been in charge for the past 11 years, with current Chief Operating Officer Michael Fiddelke, effective Feb. 1, 2026.
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