Target announces executive leadership

Target announces executive leadership changes to accelerate growth

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MINNEAPOLIS - Target Corporation (NYSE:TGT) announced Tuesday a series of executive leadership changes under new CEO Michael Fiddelke aimed at accelerating the company’s growth strategy. The retailer, with a market capitalization of $52.3 billion, has been working to strengthen its position as a prominent player in the Consumer Staples Distribution & Retail industry.

Effective February 15, Cara Sylvester will become chief merchandising officer, transitioning from her previous role as chief guest experience officer. Lisa Roath, formerly chief merchandising officer of food, essentials and beauty, has been appointed chief operating officer.

"It’s the start of a new chapter for Target and we’re moving quickly to take action against our priorities that will drive growth within our business," said Fiddelke in the press release. "These leadership changes align the right talent and expertise with key roles, and simplify our structure."

As part of the restructuring, Rick Gomez, chief commercial officer, will leave Target, while Jill Sando, chief merchandising officer for apparel and accessories, home and Fun101, will retire after 29 years with the company. Both executives will remain briefly to support the transition.

The company is conducting an external search for a chief guest experience and marketing officer.

Target also confirmed it expects to report fourth quarter 2025 sales, full-year GAAP EPS and full-year Adjusted EPS in line with its prior guidance.


The leadership changes follow recent additions to the company’s Board of Directors and support Fiddelke’s focus on strengthening merchandising authority and improving the customer experience, according to the company statement.

Target currently operates nearly 2,000 stores across the United States.

In other recent news, Target Corporation has announced several significant leadership changes. Michael J. Fiddelke has taken on the role of Chief Executive Officer and joined the company’s Board, with his annual base salary set at $1.3 million. He is also eligible for an annual cash incentive and stock-based awards as part of Target’s Long-Term Incentive Plan. Additionally, Lisa Roath has been appointed as Chief Operating Officer, with an annual base salary of $775,000 and continued eligibility for leadership benefits. The company has also expanded its board of directors by appointing John R. Hoke III and Stephen B. Bratspies, both of whom bring extensive retail industry experience. Hoke, previously with Nike, will serve on the Governance & Sustainability and Compensation & Human Capital Management committees. Furthermore, DA Davidson has raised its price target for Target to $120, maintaining a Buy rating, citing optimism about the company’s long-term profit growth potential. These developments reflect Target’s strategic adjustments as it navigates its leadership transition.

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