Target reported stronger-than-expected second-quarter earnings Wednesday, but that may not matter much to investors, who finally know who the retailer’s next chief executive is going to be. Target announced that longtime veteran and current Chief Operating Officer Michael Fiddelke will succeed CEO Brian Cornell on Feb. 1. The decision, however, was part of a deliberate and thoughtful succession process that included an external search, said Christine Leahy, lead independent director of Target’s board.
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Target Names New CEO, Overshadowing Improved Earnings. The Stock Tumbles.
Published 2 months ago
Aug 20, 2025 at 10:35 AM
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