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Target, Michael Fiddelke

Target names longtime insider Michael Fiddelke its next CEO as it tries to break sales and stock slump

Wall Street had hoped the big box retailer would hire someone from outside the company. Target's stock is down about 60% since 2021.

Why New Target CEO Michael Fiddelke Must Put The Fun In Fundamentals

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.

Reuters on MSN · 12h

Target stock slumps after retailer names insider Fiddelke to CEO role

By Siddharth Cavale and Juveria Tabassum (Reuters) -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 myriad issues that have resulted in years of stock-market underperformance.

Target CEO to step down

The Des Moines Register on MSN · 11h

Iowa native set to become Target CEO as company faces financial struggles

Fiddelke, an Iowa native and University of Iowa graduate, has been with Target since 2003, starting as an intern. Investors reacted negatively to the appointment, causing Target's shares to drop over 6%. An Iowa native and University of Iowa graduate will be the new top executive of Target, one of the nation's largest retail chains.

Seattle Times · 11h

Target CEO to step down amid company struggles

Target CEO Brian Cornell plans to step down Feb. 1. Chief Operating Officer Michael Fiddelke will succeed him.

ABC News on MSN · 16h

Target CEO to step down as sales remain sluggish

Target CEO Brian Cornell will step down early next year after more than a decade at the helm of the $107 billion retail giant, the company said on Wednesday.

11hon MSN

Target CEO Brian Cornell steps down; Michael Fiddelke takes over after weak quarter

Michael Fiddelke, Target's current chief operating officer, will succeed Brian Cornell as chief executive officer, the ...

8hon MSN

Target CEO Brian Cornell will step down in February, COO Michael Fiddelke will take his place

Target CEO Brian Cornell, who helped reenergize the company but has struggled to turn around weak sales in a more competitive ...

5h

Target’s incoming CEO has a heavy lift, as a promised turnaround is not yet close

Michael Fiddelke, the company’s chief operating officer, will take over as chief executive in February as Brian Cornell ...

20h

TGT stock price: Why are Target shares dropping—and who is Michael Fiddelke?

In addition to announcing its Q2 2025 results, Target also revealed that it would be getting a new CEO. The company announced ...

14h

Target Names New C.E.O. as It Tries to Break Sales Slump

Target on Wednesday named a new chief executive, Michael Fiddelke, the company’s chief operating officer and a 20-year ...

17hon MSN

Target stock is down 64% over 4 years—and investors who were ‘hoping for an external CEO’ are disappointed by the choice of its next leader

Target reported yet another quarter of weak financial results, with comparable sales down 1.9%, and the cheap-chic retailer ...

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