Can Target’s new CEO hit the bullseye?

Retail Dive

Michael Fiddelke played the long game. Currently chief operating officer at Target, Fiddelke will soon lead the company he’s worked at for over 20 years.

“We are not surprised by the news, given Mr. Fiddelke had been groomed to become CEO, evidenced by his multiple leadership roles, including COO and CFO,” Telsey Advisory Group analysts led by Joe Feldman said in a note shared with Retail Dive Wednesday. “We expect a smooth leadership transition, although we are unsure of how Mr. Fiddelke will change the strategy he helped create.”

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