Longtime Target CEO Brian Cornell Steps Down Amid Tariff Woes and DEI Boycotts |
Brian Cornell has been with Target since 2014. Photo by Jerry Holt/Star Tribune via Getty Images
Brian Cornell, longtime CEO of Target, is stepping down as the retail giant faces tariff-driven financial pressures and ongoing public backlash. Succeeding him will be Michael Fiddelke, a veteran Target executive who has outlined a turnaround plan for the Minneapolis-based company. The leadership change was announced alongside Target’s second-quarter earnings report, which showed the retailer beating Wall Street’s expectations on both revenue and earnings. Target shares fell 7 percent today.
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