Target CEO Brian Cornell will step down early next year after more than a decade at the helm of the $107 billion retail giant , the company said on Wednesday. In recent years, Target has suffered sluggish sales as the company weathered consumer boycotts over its Pride collection and a rollback of its diversity, equity and inclusion policies. Michael Fiddelke, who currently serves as chief operating officer, will assume the role of CEO on Feb. 1. Cornell will become executive chair of the company’s board of directors. "With the board's unanimous decision to appoint Michael Fiddelke as Target's next CEO, I want to express my full confidence in his leadership and focus on driving improved results and sustainable growth,” Cornell said in a statement on Wednesday. “Michael brings a deep underst

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