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AI brief of an SEC Form 8-K · Target (TGT)

Target names COO Michael Fiddelke as next CEO, effective February 1, 2026

Neutral Impact 4 of 5 leadership Written later

Target's Board appointed Executive Vice President and Chief Operating Officer Michael J. Fiddelke as the company's next Chief Executive Officer and a Board member, effective February 1, 2026. Brian C. Cornell will step down as CEO at that time and remain Chair of the Board in an Executive Chair role, a planned leadership handover after a succession planning process.

Key points

  • Michael J. Fiddelke, 49, appointed CEO effective February 1, 2026; also joins the Board
  • Brian C. Cornell steps down as CEO on that date and continues as Executive Chair of the Board
  • Fiddelke has worked at Target since 2004, including as COO from February 2024 and CFO from November 2019 to September 2024
  • Compensation terms for both executives have not yet been disclosed and will be filed once approved

The filing

CompanyTarget (TGT)
Form8-K, current report
Filed with the SECAug 20, 2025, 6:42 AM ET
Accession number0000027419-25-000114

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 20, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.