February 19, 2024
Michael Fiddelke has been named chief operating officer for Target.
He served as the retailer's CFO since late 2019 and took on his new role as of Feb. 4, according to a press release.
He will continue to serve as CFO until a replacement is named.
In his COO role he will oversee the company's nearly 2,000 stores, the global supply chain network, fulfillment services, enterprise operations, network capacity as well as teams focused on building and remodeling store locations.
"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," Brian Cornell, chair and CEO, said in the release.
He began his career at Target as an intern two decades ago.
"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," Fiddelke, said in the release.
Fiddelke began his career as a consultant with Deloitte. He 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.
The retailer also announced updates to its leadership in merchandising. Rick Gomez, currently Target's chief food and beverage officer, will oversee the retailer's frequency categories as chief food, essentials and beauty officer. Jill Sando, currently the retailer's chief merchandising officer, will oversee Target's discretionary categories as chief merchandising officer of apparel and 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.