Business

Target Appoints Michael Fiddelke As Chief Executive Officer

Target Corporation (NYSE: TGT) today announced the company's Board of Directors has unanimously elected Michael Fiddelke, chief operating officer, to succeed Brian Cornell as chief executive officer and become a member of its Board of Directors. Cornell will transition to the role of executive chair of the Board of Directors. Both appointments are effective Feb. 1, 2026.

articleTarget CorporationAugust 20, 20255/company/target-corporation/news/target-appoints-michael-fiddelke-as-chief-executive-officer
Target Appoints Michael Fiddelke As Chief Executive Officer

About this update from Target Corporation

[{"type":"list","items":[{"val":[{"type":"text","content":"Michael Fiddelke, chief operating officer, to succeed Brian Cornell as chief executive officer and join Target's Board of Directors","length":140,"tagName":"p"}]},{"val":[{"type":"text","content":"Cornell, chair and chief executive officer, to serve as executive chair of Target's Board of Directors ","length":106,"tagName":"p"}]},{"val":[{"type":"text","content":"Appointments effective Feb. 1, 2026","length":40,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":286,"olType":false},{"type":"text","content":"MINNEAPOLIS, Aug. 20, 2025 /PRNewswire/ -- Target Corporation (NYSE: TGT) today announced the company's Board of Directors has unanimously elected Michael Fiddelke, chief operating officer, to succeed Brian Cornell as chief executive officer and become a member of its Board of Directors. Cornell will transition to the role of executive chair of the Board of Directors. Both appointments are effective Feb. 1, 2026.","length":425,"tagName":"p"},{"type":"text","content":"During his 20-year career at Target, Fiddelke has been instrumental in building many of the company's core strengths, holding leadership roles across merchandising, finance, operations and human resources. As chief operating officer, and previously chief financial officer, he has overseen efforts that enabled exponential growth across the business, including investments to build and scale the company's stores, supply chain, digital capabilities and team. To further fuel areas of investment and innovation, Fiddelke spearheaded enterprise efforts to deliver more than $2 billion in efficiencies. He has also been an advocate for investing in pay and benefits for the company's team members, including industry-leading wages and development programs like Dream to Be.","length":782,"tagName":"p"},{"type":"text","content":"Recently, Fiddelke established and began leading the company's Enterprise Acceleration Office to reshape how Target operates – removing complexity, expanding technology and enabling more flexibility so the team can move faster to improve performance and drive long-term growth.","length":281,"tagName":"p"},{"type":"text","content":""Over the last several years, the Board has been executing a deliberate and thoughtful CEO succession process, including an extensive ex...

More updates from Target Corporation

TargetBrian CornellMichael FiddelkeBoard of Directorschief executive officerchief operating officerFiddelkeexecutive chair