Target's board of directors has appointed a new chief executive officer to lead the retail giant, the company announced Aug. 20. Michael Fiddelke, Target's current chief operating officer,

Target CEO Brian Cornell, who helped reenergize the company but has struggled to turn around weak sales in a more competitive retail landscape since the COVID pandemic, plans to step down Feb. 1.

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. Cornell, who has led the Minneapolis retailer since 2014,