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Target names COO Michael Fiddelke

TGT stock price: Why are Target shares dropping today—and who is Michael Fiddelke?

In addition to announcing its Q2 2025 results, Target also revealed that it would be getting a new CEO. The company announced that its current CEO, Brian Cornell, will be stepping down from the role in February 2026. On February 1, its new CEO, Michael Fiddelke, will take the reins. Cornell has been Target’s CEO since 2014.

NBC News · 5h

Target names longtime insider Michael Fiddelke its next CEO as it tries to break sales and stock slump

Wall Street had hoped the big box retailer would hire someone from outside the company. Target's stock is down about 60% since 2021.

UPI News on MSN · 16h

Target names COO Michael Fiddelke as new CEO

Target's board of directors unanimously voted for Fiddelke to succeed current CEO Brian Cornell effective on Feb. 1, 2026. "Fiddelke has been instrumental in building many of the company's core strengths,

Target, Wall Street

New York Post on MSN · 12h

Target’s stock plunges 7% as new CEO pick disappoints Wall Street: ‘There won’t be change when change is needed’

“The stock price reflects that there won’t be change when change is needed,” Gerald Storch, former vice chairman of Target and ex-CEO of Toys R Us, told The Post. “The sales are negative and they are bleeding market share.” Target did not immediately respond to The Post’s request for comment.

Chicago Tribune · 16h

Wall Street drifts in premarket trading while Target tumbles on sluggish sales and a CEO change

Wall Street continues to drift Wednesday while news of a leadership change at Target took some of the spotlight away from the latest batch of corporate earnings reports.

CNBC on MSN · 8h

'Fast Money' traders discuss Target's stock drop and CEO shake-up

Fast Money' traders discuss Target's stock drop and CEO shake-up. Posted: August 20, 2025 \. The 'Fast Money' traders discuss Target's stock drop an

Target CEO Brian Cornell to step down

CBS News · 19h

Target CEO Brian Cornell stepping down in February

Target CEO Brian Cornell, who helped reenergize the company but has struggled to turn around weak sales in a more competitive retail landscape since the COVID pandemic, plans to step down Feb. 1.

CNN on MSN · 11h

Target’s CEO is stepping down as customers turn away

Target CEO Brian Cornell is stepping down after 11 years at the retailer, as the company faces slumping sales and backlash to its retreat on DEI.

Fox Business on MSN · 19h

Target CEO Brian Cornell steps down after 10 years as retailer fights to reverse sliding sales

Michael Fiddelke, Target's current chief operating officer, will replace CEO Brian Cornell on February 1 as the retailer works on its turnaround strategy.

16h

As Target Names New CEO, Stock Tumbles 10% As DEI Hit And Tariffs Drag On Sales

As Target announces a new CEO, the retailer is reporting declines in revenue and operating income. As shares tumble 10% their ...

13h

Target Q2: Earnings Beat Overshadowed By CEO Transition

Target's Q2 earnings beat estimates, but profitability remains under pressure with declining margins and net income down over ...

18h

Target Stock Heads for Worst Session Since 'Liberation Day' Selloff

Shares in Target sank after the retailer reported its 11th straight quarter of flat or falling sales, and said Chief ...

7hon MSN

Target’s stock drops as long-time CEO Brian Cornell’s planned departure overshadows an earnings beat

S hares of Target Corp. slumped 9.4% in premarket trading Wednesday, after the discount retailer said it was replacing for ...

17h

Target beat low earnings expectations as sales continue to fall

Target continues to miss the mark on earnings day. The results on Wednesday morning aren't as shockingly bad as the first ...

13h

Target Just Named Its New CEO. Here’s What It Means for the Retail Giant

Shares for the Minneapolis-headquartered company dropped more than 10 percent after Target made the announcement.

Should You Buy the Post-Earnings Dip in Target Stock?

Target stock tanks as the retail behemoth offers muted full-year guidance and names an insider its next chief executive. UBS analyst says TGT shares lack a near-term catalyst.

15hon MSN

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

The news the retail industry has been anticipating for months was finally announced on Wednesday: Target CEO Brian Cornell is ...

10h

Target: An Ultra-Cheap Stock, But Demand Destruction Is Real

Explore Target Corporation's financial health and strategy: strong credit quality, CEO transition in 2026, and an attractive ...

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