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Target on Wednesday said that company veteran Michael Fiddelke will become its next CEO at a critical point in its effort to break out of a sales slump and win back Wall Street’s favor. Fiddelke, the company’s 49-year-old chief operating officer and former chief financial officer, will succeed Brian Cornell effective Feb. 1. The retailer made the announcement on the same day it reported fiscal second-quarter results. It topped Wall Street’s quarterly sales and earnings expectations, but stuck by
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Target on Wednesday said that company veteran Michael Fiddelk…
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4.7K views · 73 reactions | SW Retail Advisors President Stacey Widlitz on Wednesday said she was surprised Target decided on an internal hire, current COO Michael Fiddelke, as its next CEO, as the retail giant continues to lose market share and traffic. Watch more: cnb.cx/41LkMsL | CNBC | Facebook
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