Target Welcomes Michael Fiddelke as New Chief Executive Officer
Minneapolis, MN – August 20, 2025 – Target Corporation today announced that Michael Fiddelke will assume the role of Chief Executive Officer, effective immediately. This significant leadership transition marks a new chapter for the beloved retail giant, with a seasoned executive at the helm who is deeply familiar with Target’s operations, culture, and strategic vision.
The announcement comes as the company continues to navigate a dynamic retail landscape, focusing on innovation, guest experience, and sustainable growth. Fiddelke, who has been an integral part of Target’s leadership team for many years, is well-regarded for his strategic acumen, operational expertise, and unwavering commitment to the company’s core values.
Fiddelke’s journey with Target began in 2003, and he has since held a variety of pivotal roles across the organization. Most recently, he served as Executive Vice President and Chief Financial Officer, where he played a crucial role in guiding the company’s financial strategy, driving profitability, and supporting key investments in technology and store enhancements. His deep understanding of Target’s financial health and growth opportunities positions him ideally to lead the company into its next phase.
Prior to his CFO tenure, Fiddelke demonstrated strong leadership in merchandising, supply chain, and business development. His diverse experience has provided him with a comprehensive understanding of the end-to-end operations that are critical to Target’s success, from product sourcing and inventory management to the in-store and digital guest experience.
In his new capacity as CEO, Fiddelke is expected to build upon Target’s strong foundation, continuing to prioritize the company’s “Target Forward” strategy. This strategy emphasizes strengthening Target’s owned brands, delivering an exceptional omnichannel experience, and leveraging technology to enhance efficiency and guest convenience. His leadership is anticipated to foster continued innovation, particularly in areas such as digital transformation, supply chain resilience, and the evolution of the store portfolio.
Target’s Board of Directors expressed their full confidence in Fiddelke’s ability to lead the company. They highlighted his extensive experience, his proven track record of driving results, and his deep connection to Target’s culture and team members. This transition is seen as a natural progression, ensuring continuity and strategic direction during a period of exciting opportunity for the retailer.
“I am honored and incredibly excited to step into the role of CEO at Target,” said Michael Fiddelke. “Target has a special place in the hearts of our guests and our team members, and I am deeply committed to continuing our journey of growth and innovation. I look forward to working alongside our talented team to deliver on our purpose of bringing joy to their everyday lives, both in stores and online.”
Fiddelke’s appointment is a testament to Target’s robust internal talent development and succession planning. His understanding of the business, coupled with his collaborative leadership style, is expected to resonate well with employees and stakeholders alike. As Target continues to adapt and thrive in the ever-evolving retail landscape, Fiddelke’s leadership promises to be instrumental in guiding the company toward sustained success and fulfilling its mission to serve its guests with excellence.
Getting to Know Target’s Next CEO, Michael Fiddelke
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