Target has named insider Michael Fiddelke its new CEO in an effort to turn the struggling retailer around after a series of challenges that caused its shares to lag vastly behind those of its peers.
On Wednesday, the big box retailer announced that Fiddelke, 49, will take the helm on February 1, 2026, as current CEO Brian Cornell transitions to the role of executive chairman. Fiddelke, a 20-year company veteran, most recently served as chief operating officer.
The news of his promotion was not…
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News Source: www.aljazeera.com
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