MINNEAPOLIS (FOX 9) - Target CEO Brian Cornell will be replaced by chief operating officer Michael Fiddelke in early 2026.

Target appoints new CEO

The backstory:

Target announced in a press release Wednesday that its board of directors unanimously appointed COO Michael Fiddelke to be the next chief executive officer, while current CEO Cornell will move into the role of executive chair of the board of directors.

The appointment followed several years of the board vetting internal and external candidates before electing Fiddelke, a 20-year veteran of the company.

As part of his current role, Fiddelke recently established and began leading the company's enterprise acceleration office, which aims to reshape Target's operations.

What they're saying:

In a statement, Fiddelke acknowledg

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