Target CEO Brian Cornell to Step Down Amidst Persistent Sales Decline and Boycott Backlash
Target CEO Brian Cornell to Step Down Amidst Persistent Sales Decline and Boycott Backlash Target announced yesterday that CEO Brian Cornell will step down next year, with current Chief Operating Officer Michael Fiddelke slated to take the helm. The leadership change comes as the retail giant grapples with an ongoing downturn in sales and significant customer boycotts, stemming from its decision to scale back diversity, equity, and inclusion (DEI) initiatives. Cornell, who became CEO in 2014, is credited with revitalizing…