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Target, Michael Fiddelke

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.

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.

USA TODAY on MSN · 11h

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.

Target CEO to step down

The Des Moines Register on MSN · 11h

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.

Seattle Times · 12h

Target CEO to step down amid company struggles

Target CEO Brian Cornell plans to step down Feb. 1. Chief Operating Officer Michael Fiddelke will succeed him.

ABC News on MSN · 16h

Target CEO to step down as sales remain sluggish

Target CEO Brian Cornell will step down early next year after more than a decade at the helm of the $107 billion retail giant, the company said on Wednesday.

20h

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 ...

6h

Target’s incoming CEO has a heavy lift, as a promised turnaround is not yet close

Michael Fiddelke, the company’s chief operating officer, will take over as chief executive in February as Brian Cornell ...

21hon 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 ...

10hon MSN

Target Appoints New CEO. Here's What Investors Hope He Will Address.

Company veteran Michael Fiddelke is slated to take the helm at Target as the retailer contends with sluggish sales and a ...

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