Target CEO Brian Cornell Resigns After Sales Crash and DEI Backlash
After 11 years leading Target, CEO Brian Cornell will step down as the company navigates declining sales and mounting criticism for retreating from its DEI commitments. Michael Fiddelke, Target’s chief operating officer and a 20-year veteran who began as an intern, will take over on February 1, 2026. Cornell, who will remain executive chairman, helped…