Target Corporation is poised for a significant leadership transition, with current Chief Operating Officer Michael Fiddelke set to assume the role of Chief Executive Officer and join the company’s board of directors in February 2026. This move marks the culmination of an extensive internal career for Fiddelke, who began his journey with the retail giant more than two decades ago as an intern. The succession plan sees Fiddelke taking the helm from long-serving CEO Brian Cornell, as Target navigates a dynamic retail landscape and seeks to enhance its operational efficiencies.
- Michael Fiddelke will become CEO and join Target’s board in February 2026.
- He is succeeding Brian Cornell, who has led the company for over a decade.
- Fiddelke started his career at Target as an intern more than twenty years ago.
- The transition underscores Target’s focus on enhancing operational efficiencies.
- Fiddelke’s progression reflects an extensive internal career within the company.
Michael Fiddelke: A Profile in Leadership
Career Trajectory and Expertise
Fiddelke’s career trajectory within the Minneapolis-based retailer reflects a deep understanding of its multifaceted operations. After joining as an intern in 2003, following a period at Deloitte Consulting LLP, he progressed through a diverse range of functions, including merchandising, operations, finance, and human resources. His academic background includes a bachelor’s degree in industrial engineering from the University of Iowa and an MBA from Northwestern University. From 2019 to 2024, Fiddelke served as Target’s Chief Financial Officer before transitioning to Chief Operating Officer.
Strategic Contributions and Current Responsibilities
In his capacities as CFO and COO, Fiddelke has been instrumental in guiding Target’s strategic investments aimed at expanding its store footprint, supply chain capabilities, workforce development, and digital infrastructure, all of which have contributed to the company’s growth initiatives. Currently, at 49, he oversees Target’s nearly 2,000 stores, its global supply chain, enterprise operations, and fulfillment services. Furthermore, Fiddelke sits on the board of Shipt, the same-day delivery service acquired by Target in 2017, and in May, he was appointed to spearhead an Enterprise Acceleration Office, tasked with identifying and delivering more than $2 billion in operational efficiencies.
Brian Cornell’s Enduring Legacy
Brian Cornell, 66, will conclude over a decade of leadership at Target. His tenure saw him commit in 2022 to remain CEO for an additional three years, a period during which the company’s board adjusted its mandatory retirement age of 65 to retain his leadership through what was deemed a pivotal phase for the company, focusing on revitalizing traffic and growth. Cornell has expressed strong confidence in Fiddelke’s ability to lead Target forward, citing his “remarkable level of resolve in the face of complex challenges, a deep passion for growth and a natural ability to inspire those around him.”
Emily Carter has over eight years of experience covering global business trends. She specializes in technology startups, market innovations, and corporate strategy, turning complex developments into clear, actionable stories for our readers.