Investors panned Target’s choice of insider Michael Fiddelke as CEO on Wednesday, viewing the 20-year company veteran as unlikely to fix the retailer’s

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 named longtime company veteran Michael Fiddelke as its CEO, replacing retail industry bigwig Brian Cornell, effective February 1, 2026.

Target on Wednesday named a new chief executive, Michael Fiddelke, the company’s chief operating officer and a 20-year company veteran, who said that improving the retail giant’s sputtering finances was “urgent” as he prepared to step into the top job.

Target Corp. on Wednesday named Michael Fiddelke as its new chief executive, promoting the company veteran who has served as chief operating officer since February. Fiddelke, 49, will succeed Brian Cornell, who led the Minneapolis-based retailer for 11 years through a period of significant growth and recent challenges.

Aug. 20 (UPI) -- Target on Wednesday announced that Cheif Operating Officer Michael Fiddelke will be the company's next cheif executive officer. Target's board of directors unanimously voted for Fiddelke to succeed current CEO Brian Cornell effective on Feb. 1, 2026.

Investors aren’t buying it. Shares of Target fell more than 8% Wednesday after the company said its chief operating officer, Michael Fiddelke, would become Target’s new chief executive officer in February. He succeeds Brian Cornell, who has held the ...

Target has picked a lifelong employee to lift the company out of its funk. The retailer’s chief operating officer, Michael Fiddelke, will become Target’s new CEO in February. He succeeds Brian Cornell, who was the company’s first outsider chief ...