Target CEO Brian Cornell to Step Down, Michael Fiddelke Named Successor Amidst Sales Decline
Target CEO Brian Cornell to Step Down, Michael Fiddelke Named Successor Amidst Sales Decline Target Corporation (TGT) has announced that CEO Brian Cornell will step down from his leadership role, effective February 1, 2026. Current Chief Operating Officer Michael Fiddelke, a 20-year veteran who started as an intern, has been named as his successor. Cornell will transition to the role of executive chairman. The leadership change comes as the retail giant grapples with a significant slump in sales, marking its…