Michael Fiddelke, Target's current chief operating officer, will succeed Brian Cornell as chief executive officer, the company said in a release. Cornell, who has served as the company's CEO since 2014, will step down and Fiddelke will take over the role on Feb. 1, 2026.

Target CEO Brian Cornell to step down, COO announced as replacement originally appeared on Bring Me The News. Target CEO Brian Cornell will step down from his role in February, with longtime employee Michael Fiddelke tapped to replace him.

Target's chief operating officer, Michael Fiddelke, is set to succeed current CEO Brian Cornell in 2026. Cornell will transition to the role of executive chair of the board of directors. The change of positions announcement comes amid Target's sluggish sales and consumer boycotts.