Target Corp. on Aug. 20 named Chief Operating Officer Michael Fiddelke as its next chief executive officer, succeeding longtime CEO Brian Cornell, as the retailer reported quarterly earnings that topped Wall Street estimates despite a sales decline.
Fiddelke, a 20-year company veteran who previously served as Target’s chief financial officer, will take over as CEO and join the board on Feb. 1, 2026, the company said in an Aug. 20 release. Cornell, who has led the Minneapolis-based retailer since 2014, will move into the role of executive chair.
