Target CEO Brian Cornell is stepping down after 11 years amid struggles at one of America’s most prominent retail chains. Cornell helped engineer a turnaround at Target, but it’s been a rocky few years for the retailer.

El director general de Target, Brian Cornell, quien ayudó a revitalizar la compañía pero ha tenido dificultades para revertir las

Target’s long-time CEO Brian Cornell will step down from the top job on Feb. 1, 2026, when current COO Michael Fiddelke will succeed him.

Michael Fiddelke, the company’s chief operating officer, will take over as chief executive in February as Brian Cornell transitions to executive chair. The announcement comes at a time Target is trying to emerge from multiple quarters of sales declines.