By Nathaniel Meyersohn, CNN
New York (CNN) — Target CEO Brian Cornell is stepping down after 11 years at the retailer, as the company faces slumping sales and backlash to its retreat on DEI.
Cornell will be replaced on February 1, 2026, by Michael Fiddelke, Target’s chief operating officer.
This is a breaking news story and will be updated.
The-CNN-Wire™ & © 2025 Cable News Network, Inc., a Warner Bros. Discovery Company. All rights reserved.
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