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Target's New CEO Michael Fiddelke Aims to Revive Sales and Stock

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Source: CNN
Target's New CEO Michael Fiddelke Aims to Revive Sales and Stock
Photo: CNN
TL;DR

Target's CEO Brian Cornell is stepping down after 11 years amid ongoing sales declines, strategic missteps, and backlash over the company's retreat from diversity and inclusion initiatives, with Michael Fiddelke set to succeed him in 2026.

Topics:top-newsbusiness#business#ceo-change#dei-policies#retail-competition#sales-decline#target
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  1. Target’s CEO is stepping down as sales continue to plunge  CNN
  2. Target's COO will lead the struggling retailer when CEO Brian Cornell steps down in February  AP News
  3. Target names longtime insider Michael Fiddelke its next CEO as retailer tries to break sales and stock slump  CNBC
  4. Target’s stock drops as long-time CEO Brian Cornell’s planned departure overshadows an earnings beat  MarketWatch
  5. Target Bets a Lifelong Employee Can Steer Its Turnaround  The Wall Street Journal

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