Who is Michael Fiddelke? Target names insider as new CEO amid slumping sales

Target Corp. called Michael Fiddelke as the next general manager to revive his business while struggling to compete with competitors such as Walmart.

The target bets are that Fiddelke, who is currently working as the chief business officer, will be the key to reversing things for the storey retailer who struggles with weak sales.

The company said on Wednesday that the Board of Directors unanimously voted Michael Fiddelke to make the new target CEO since February next year.

Since 2014, Fiddelke has been replaced by Brian Cornell, who has been leading the retailer.

The target shares fell to 11 percent in early transactions on Wednesday and showed that Wall Street wanted to be a foreign CEO.

Who is Michael Fiddelke?

Michael Fiddelke started in 2003 as an intern at Target. Over the years, the retail company has played a wide range of roles, including finance, merchandising, human resources and operations.

As Chief Operation Officer and the Chief Finance Manager, Fiddelke has supervised investments to build and scal the company’s stores, supply chain, digital capabilities and team, which has made it possible to grow up to expand throughout the business.

He worked with Deloitte before joining Target. Michael Fidddelke has a degree of science under the science of science at N MBA and Iowa University of Northwestern University of Northwestern University.

Three emergencies first said that they took the role: to take back the company’s merchandising authority; Developing the shopping experience, making sure that the shelves are constantly stocked and the stores are clean; And to invest in technology in the company’s stores and supply network.

“When we lead with Swagger in our Merchandising Authority, when we have a swagger in our marketing and the trend for retail, these are some of the moments I think the target is the highest in 20 years,” he said.

Target, which has approximately 1,980 US stores, has been the focus of consumer boycotts, which has participated in a number of leading American brands in scaling its rival Walmart and corporate diversity, equality and involvement attempts since January.