Minneapolis — Target Corporation has named Michael Fiddelke, who has served as chief financial officer since Nov. 1, 2019, as its new 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,” says Brian Cornell, chair and CEO.
Fiddelke started with Target as an intern earning his MBA 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 has 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,” says Cornell.
The retailer has also made 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.
Minneapolis-based Target Corporation has nearly 2,000 stores.
SOURCE: Target Corporation