Retailer also shares retirement plans for
Don Liu and updates to merchandising
leadership
MINNEAPOLIS, Jan. 18,
2024 /PRNewswire/ -- Target Corporation (NYSE:
TGT) today announced that Michael Fiddelke, who has
served as the retailer's chief financial officer since Nov. 1, 2019, has been named chief operating
officer, effective Feb. 4, 2024.
Until his replacement is named, Fiddelke will continue to serve as
chief financial officer for the company. As chief operating
officer, Fiddelke will oversee the retailer's nearly 2,000 stores,
its global supply chain network, fulfillment services including
same-day delivery with Shipt, network capacity planning, enterprise
operations, the teams responsible for building and remodeling
Target stores and other facilities, and flight services.
"With his 20 years with the company, spanning roles across our
business and most recently as our chief financial officer, Michael
brings a diverse set of experiences and an end-to-end view of our
business that will benefit Target and our continued growth well
into the future. I look forward to working alongside him as our new
chief operating officer and appreciate his ongoing commitment as
chief financial officer until his successor is named," said
Brian Cornell, chair and
CEO.
"I started with Target as an intern 20 years ago, and right away I
knew I was joining a special company. With each position I've held
across the organization, my appreciation for Target and the role we
play in guests' lives has only grown. Every time I walk into a
store or collect my Target order from Drive Up or my doorstep, I
know there's a team hard at work making the magic happen – for me
and millions of others across the country. Operations are at the
heart of how we serve our guests, and I'm looking forward to
spending even more time with our team members in the field as we
build for the future," said Fiddelke.
Fiddelke started his career as a consultant with Deloitte. He then
attended Kellogg School of Management, where he earned his MBA and
joined Target as an intern in 2003. Since that time, he has held a
variety of leadership positions across the organization, including
finance, merchandising, human resources and store operations. Prior
to his appointment as chief financial officer, he served as senior
vice president of operations, leading cross-functional enterprise
initiatives across merchandising, supply chain, stores and guest
experience.
Additionally, Target announced the upcoming retirement of chief
legal and compliance officer Don
Liu. The company has begun a search for Liu's backfill and
expects to share an update on his successor later this year, at
which time Liu will transition to a strategic advisor with the
company until 2025. Liu joined Target in 2016, previously serving
as executive vice president, general counsel and secretary for
Xerox Corp. Liu also held in-house legal leadership roles at Toll
Brothers, IKON Office Solutions and Aetna.
"Don has played a critical role as a member of our leadership team
and a trusted advisor to many across the organization. We
appreciate his support as we identify his successor and look
forward to celebrating him as he nears his official retirement,"
said Cornell.
"Over the past eight years, I've had the privilege of working with
exceptional leaders and a talented legal affairs organization. My
sincerest thanks to everyone at Target for the experiences and
relationships that have shaped my time with the company, and I look
forward to helping ensure a smooth transition upon my retirement,"
said Liu.
The retailer also announced updates to its leadership in
merchandising. Recognizing the size, scale and complexity of its
multi-category merchandise portfolio, Rick
Gomez, currently Target's chief food & beverage officer,
will oversee the retailer's frequency categories as chief food,
essentials & beauty officer. Jill
Sando, currently the retailer's chief merchandising officer,
will oversee Target's discretionary categories as chief
merchandising officer of apparel & accessories, home and
hardlines. Gomez joined Target in 2013 and was named to the
company's leadership team in 2017. Sando began her career with
Target in 1997 and joined its leadership team in 2020. Both Gomez
and Sando will continue to report to Christina Hennington, Target's chief growth
officer.
About Target
Minneapolis-based Target Corporation (NYSE:
TGT) serves guests at nearly 2,000 stores and at Target.com, with
the purpose of helping all families discover the joy of everyday
life. Since 1946, Target has given 5% of its profit to communities,
which today equals millions of dollars a week. Additional company
information can be found by visiting the corporate website and
press center.
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SOURCE Target Corporation