(Reuters) -Target named longtime company veteran Michael Fiddelke as its CEO, replacing retail industry bigwig Brian Cornell, effective February 1, 2026.

The leadership change comes as inflation and uncertainty from U.S. tariffs raise concerns over consumer spending, particularly for Target’s discretionary products such as apparel and electronics.

With the appointment of Fiddelke, Target is also back to picking names from within the company for the top job. Cornell was the first outsider to have been named CEO.

Here are a few facts about the latest CEO of one of the top U.S. retailers:

Target veteran

Fiddelke joined Target in 2003 as an intern and rose through the ranks to hold key positions in finance, merchandising, human resources and operations. He is now the operations head and w

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