Target Welcomes Michael Fiddelke as New Chief Executive Officer
Minneapolis, MN – August 20, 2025 – Target Corporation today announced a significant leadership transition, with the appointment of Michael Fiddelke as the company’s new Chief Executive Officer, effective immediately. This decision marks a new chapter for the beloved retail giant as it navigates an evolving retail landscape.
Mr. Fiddelke, a seasoned executive with a deep understanding of Target’s operations and strategic vision, has been a pivotal figure within the company for many years. He most recently served as Executive Vice President, Chief Financial and Investment Officer, a role in which he played a crucial part in steering Target’s financial performance and driving key strategic initiatives. His extensive experience at Target, spanning various leadership positions, has provided him with a comprehensive view of the business, from its supply chain and merchandising to its digital innovations and guest experience.
“We are thrilled to announce Michael Fiddelke as our next Chief Executive Officer,” said a spokesperson for Target’s Board of Directors. “Michael’s proven leadership, his unwavering commitment to Target’s values, and his deep understanding of our business make him the ideal leader to guide Target into its next phase of growth. He has consistently demonstrated strategic thinking, operational excellence, and a strong ability to inspire our teams. We are confident that under his leadership, Target will continue to thrive and deliver exceptional value to our guests and shareholders.”
Throughout his tenure at Target, Mr. Fiddelke has been instrumental in several key achievements, including the company’s successful expansion of its digital capabilities and its robust response to changing consumer behaviors. His financial acumen and strategic foresight have been vital in navigating economic complexities and ensuring Target’s continued profitability and market position.
“I am honored and incredibly excited to lead Target as its next CEO,” stated Mr. Fiddelke. “Target has always been a special place, built on a foundation of strong values, a talented team, and a deep connection with our guests. I am proud of what we have accomplished together, and I am eager to build upon that legacy. My focus will be on continuing to innovate, enhance the guest experience across all our channels, and invest in our team members who are the heart of Target. Together, we will continue to make Target a preferred shopping destination for millions of families.”
The transition comes at a time when Target is focused on strengthening its omnichannel strategy, further enhancing its owned brands, and leveraging technology to create seamless and engaging shopping experiences. Mr. Fiddelke’s familiarity with these priorities is expected to ensure a smooth continuation of the company’s strategic direction.
Target looks forward to a bright future under Mr. Fiddelke’s leadership, with a continued commitment to innovation, guest satisfaction, and delivering on the brand’s promise.
Target Appoints Michael Fiddelke As Chief Executive Officer
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