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An article from the Star Tribune reports that Target’s head of finance, Michael Fiddelke, will take over operations in several leadership changes. He will replace John Mulligan as chief operating officer, overseeing stores, supply chain, and delivery services. Mulligan will remain with the company as a strategic advisor. Fiddelke will also continue to serve as CFO until a replacement is found. Target’s chief legal and compliance officer, Don Liu, will retire next year, with a search for his successor already underway. In addition, Target announced changes in its merchandising leadership, with Rick Gomez expanding his role as Chief Food and Beverage Officer and Jill Sando taking on discretionary categories. These changes aim to align Target’s leadership structure with its future growth plans.
Key points:
- Target’s head of finance, Michael Fiddelke, will become the retailer’s new chief operating officer, overseeing stores, supply chain, and delivery services.
- John Mulligan, the current COO, will retire but remain with the company as a strategic advisor.
- Don Liu, Target’s chief legal and compliance officer, will retire next year, and a search is underway for his successor.
- Other changes in leadership include Rick Gomez expanding his role and Jill Sando taking on new responsibilities in merchandising.
Target’s CFO, Michael Fiddelke, will be taking on a new role as the retailer’s chief operating officer, according to an article from the Star Tribune. In this position, Fiddelke will be responsible for overseeing Target’s stores, global supply chain, and delivery services like Shipt. He will be replacing John Mulligan, who recently announced his retirement and will be staying with the company as a strategic advisor for the next year before retiring in February 2025.
Fiddelke has been with Target for two decades and has worked his way up through various roles in finance, merchandising, human resources, and store operations. He has been serving as the company’s CFO since November 2019. Fiddelke will be taking on his new role as COO on February 4 but will continue to serve as CFO until his replacement is named.
In addition to Fiddelke’s new role, Target also announced that its chief legal and compliance officer, Don Liu, will be retiring next year. The company has already started the search for Liu’s successor, who is expected to start later this year. Upon the new hire’s arrival, Liu will transition into a strategic advisor role.
Target also made changes among its merchandising leaders. Rick Gomez, who currently serves as chief food and beverage officer, will expand his role to include essentials and beauty. Jill Sando, the chief merchandising officer, will now oversee discretionary categories such as apparel, accessories, home, and hardlines. Both Gomez and Sando will continue to report to Target’s chief growth officer, Christina Hennington.
These leadership changes come as Target looks to align its leadership structure with its future growth plans. The company has been experiencing strong sales and growth in recent years, and these changes aim to position Target for continued success in the future.
