Target CEO Brian Cornell is stepping down next year after over a decade at the helm as the embattled retailer undertakes a high-stakes turnaround effort aimed at reigniting growth and reversing sliding sales. The Minneapolis-based company's board of directors unanimously elected Michael Fiddelke, the company's current chief operating officer, to succeed Cornell and become a member of its Board of Directors on Feb. 1, the company announced Wednesday. The news comes as Cornell, 66, wraps up the three-year commitment he made in 2022 to remain CEO. That year, Target’s board scrapped its mandatory...

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