Target names COO Michael Fiddelke as CEO effective Feb 2026; Cornell becomes Executive Chair

TARGET CORP

Board appoints Michael J. Fiddelke as CEO, effective February 1, 2026.
Brian C. Cornell steps down as CEO on same date, remains Executive Chair of the Board.
Fiddelke, 49, has been at Target since 2004, most recently EVP & COO, previously CFO.
Compensation terms for both executives will be disclosed after approval.

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