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Target Picks New CEO In Bid To Win Back Shoppers Amid Plunging Sales, Boycotts
Target has picked a longtime executive to take over as CEO amid plummeting sales and a slumping stock throughout 2025.
Chief operating officer Michael Fiddelke will become Target's next CEO, the retail giant announced on Wednesday, Aug 20. Fiddelke, who has spent two decades at Target, will succeed current chief executive Brian Cornell on Sunday, Feb. 1, 2026.
Cornell, 66, will become the executive chair of Target's board and help Fiddelke, 49, in the transition.
"There is no one better suited to move Target forward than Michael Fiddelke," Cornell said in a statement. "He brings …