By Sectionstarget Ceo Brian Cornell Steps Down After 11 Years As Sales Continue To Dropet Online Last U
Target’s CEO Brian Cornell will step down after 11 years, with current COO Michael Fiddelke succeeding him on Feb. 1, 2026. Cornell, who revitalized Target since 2014 by remodeling stores and strengthening its online presence, is departing amidst a sales slump and DEI backlash. Following the announcement and release of results, Target shares experienced a 10% drop in premarket trading.