New Target CEO, a former CFO, 'must prove he's not just another insider,' executive recruiter says
Target will appoint COO Michael Fiddelke as CEO on Feb. 1, 2026 amid weak sales, falling foot traffic, and investor skepticism following DEI-related backlash.
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
Brian Cornell will step down as Target CEO; Michael Fiddelke succeeds him as Target struggles with weak sales, operational problems, and aims to improve merchandising.