Michael Fiddelke is the Chief Executive Officer of Target Corporation (NYSE: TGT), one of America’s largest retailers with nearly $105 billion in annual revenue and 1,995 stores nationwide. Fiddelke became Target’s CEO on February 1, 2026, succeeding Brian Cornell who transitioned to Executive Chairman. In a remarkable career journey, Fiddelke joined Target as a summer intern in 2003 during business school and rose through the ranks over 22 years — serving as CFO and then COO before being named chief executive.
Read on to discover Target CEO Michael Fiddelke’s email address, net worth in 2026, salary and compensation, career history, education, family, and more.
Michael Fiddelke — Quick Facts
| Michael Fiddelke — Key Information | |
|---|---|
| Full Name | Michael John Fiddelke |
| Age | 49 (born c. 1976) |
| Nationality | American |
| Title | Chief Executive Officer, Target Corporation |
| CEO Since | February 1, 2026 |
| Previous Role | EVP & Chief Operating Officer, Target |
| Education | BS Industrial Engineering, University of Iowa; MBA, Kellogg School of Management (Northwestern) |
| Net Worth (Est.) | ~$6–8 million |
| Annual Compensation | ~$16 million (estimated CEO package) |
| [email protected] | |
| Hometown | Manchester, Iowa |
Career Highlights
- Intern to CEO: Joined Target as a summer intern in 2003 and rose to CEO in 2026 — one of the rare executives to climb from intern to chief executive at the same company over a 22-year career.
- Chief Financial Officer (2019–2024): Guided Target’s finances through the COVID-19 pandemic, overseeing a period of rapid growth that saw revenue surge from $78 billion to over $100 billion.
- Chief Operating Officer (2024–2026): Managed Target’s end-to-end operations including supply chain, stores, technology, and merchandising during the CEO succession transition.
- FY2025 Earnings Leadership: In his first earnings report as CEO (March 2026), signaled a turnaround with optimistic 2026 guidance of ~2% sales growth despite a challenging FY2025.
- Deloitte Consulting: Began his career at Deloitte Consulting after graduating from the University of Iowa in 1999.
Michael Fiddelke Net Worth & Salary
As of early 2026, Michael Fiddelke’s net worth is estimated at approximately $6–8 million, based on his disclosed Target stock holdings. According to SEC filings, Fiddelke directly owns about 55,378 shares of Target Corporation (TGT) stock, valued at over $6 million. His net worth is expected to grow significantly under his new CEO compensation package.
Target CEO Compensation
As COO in fiscal year 2024, Fiddelke earned total compensation of $6.74 million, including $900,000 in base salary, $746,910 in bonus, $4.94 million in stock awards, and $134,946 in other compensation. His new CEO package, effective February 2026, includes:
| Component | Amount (USD) | Notes |
|---|---|---|
| Base Salary | $1,300,000 | Annual base pay |
| Annual Cash Incentive Target | $2,600,000 | 200% of base salary target |
| Long-Term Equity Awards | $12,100,000 | Target payout value (stock-based) |
| Other Benefits | ~$150,000 | Income continuation plan, perks |
| Estimated Total (CEO) | ~$16,150,000 | Full annual CEO package |
Key Insight: Over 90% of Fiddelke’s CEO compensation is performance-based (incentive bonus + equity), with only ~8% from base salary. His annual incentive target of 200% of base is among the highest in retail.
Previous Compensation (COO, FY2024)
| Component | Amount (USD) |
|---|---|
| Base Salary | $900,000 |
| Bonus | $746,910 |
| Stock Awards | $4,942,063 |
| Other Compensation | $134,946 |
| Total (COO, FY2024) | $6,723,919 |
Target Corporation Financial Summary
Target Corporation reported its FY2025 earnings on March 3, 2026 — the first earnings report under CEO Michael Fiddelke. While FY2025 saw a modest revenue decline, the company provided optimistic guidance for 2026 with projected sales growth of approximately 2%.
| Metric | FY2025 | FY2024 | YoY Change |
|---|---|---|---|
| Revenue | $104.8B | $106.6B | ▼ -1.7% |
| Net Income | $3.7B | $4.09B | ▼ -9.4% |
| Operating Income | $5.1B | $5.6B | ▼ -8.1% |
| Adjusted EPS | $7.57 | $8.86 | ▼ -14.6% |
| Total Assets | $59.5B | $57.8B | ▲ +2.9% |
| Stores | 1,995 | 1,956 | ▲ +2.0% |
| Employees | ~440,000 | ~440,000 | — |
2026 Outlook: CEO Michael Fiddelke projected ~2% net sales growth for FY2026 with EPS guidance of $7.50–$8.50, declaring: “I’m incredibly proud of how our team navigated through a challenging year in 2025.”
Michael Fiddelke Education & Early Life
Michael Fiddelke grew up on a small farm in Manchester, Iowa, where his family raised beef cattle, sheep, corn, and soybeans. His parents are Randy and Barb Fiddelke. He has credited his Iowa farm upbringing for shaping his work ethic, once stating that “hard work doesn’t always lead to perfect outcomes, but it always leads to better outcomes.”
Fiddelke earned a Bachelor of Science in Industrial Engineering from the University of Iowa in 1999. After working at Deloitte Consulting for three years, he enrolled at Northwestern University’s Kellogg School of Management, where he earned his MBA in 2004. It was during his time at Kellogg that he joined Target as a summer intern in 2003 — the beginning of a 22-year journey to the corner office.
Career Timeline
| Period | Role | Organization |
|---|---|---|
| 1999–2002 | Consultant | Deloitte Consulting |
| 2003 | Summer Intern (during MBA) | Target Corporation |
| 2003–2019 | Various leadership roles (merchandising, finance, HR) | Target Corporation |
| 2019–2024 | EVP & Chief Financial Officer | Target Corporation |
| 2024–2026 | EVP & Chief Operating Officer | Target Corporation |
| Feb 2026–Present | Chief Executive Officer | Target Corporation |
Michael Fiddelke Personal Life & Family
Michael Fiddelke is married to Brandy Lynn Biggs. The couple married on September 13, 2003. Brandy also holds a Bachelor of Science in Industrial Engineering from the University of Iowa and previously worked as a consultant at Accenture. The family resides in the Twin Cities suburbs of Minnesota.
Fiddelke is known for being a private person who keeps his family life out of the public eye. Outside of work, he enjoys camping and makes family his top priority.
Michael Fiddelke Fun Fact
Michael Fiddelke is one of the rare Fortune 500 CEOs who rose from intern to chief executive at the same company. He joined Target as a summer intern in 2003 during his MBA at Kellogg and never left — spending 22 years rising through merchandising, finance (CFO), and operations (COO) before being named CEO in 2026. He grew up on a small farm in Manchester, Iowa, where he raised beef cattle, sheep, corn, and soybeans before heading to college.
How to Contact Michael Fiddelke
Target’s corporate email format is [email protected]. Based on this format, Michael Fiddelke’s email address is [email protected].
| Michael Fiddelke Contact Information | |
|---|---|
| [email protected] | |
| Corporate HQ | 1000 Nicollet Mall, Minneapolis, MN 55403 |
| Michael Fiddelke | |
| Corporate Phone | (612) 304-6073 (Target Corp) |
| Investor Relations | [email protected] |
Frequently Asked Questions (FAQ)
Who is the CEO of Target?
Michael Fiddelke became CEO of Target Corporation on February 1, 2026, succeeding Brian Cornell who transitioned to Executive Chairman. Fiddelke joined Target as a summer intern in 2003 and rose through the ranks over 22 years.
What is Michael Fiddelke’s net worth?
Michael Fiddelke’s net worth is estimated at approximately $6–8 million as of early 2026, based on his disclosed Target stock holdings of approximately 55,378 shares. His net worth is expected to grow under his new CEO compensation package.
What is Michael Fiddelke’s salary?
As Target CEO, Fiddelke’s estimated total annual compensation is approximately $16 million, including a $1.3 million base salary, 200% annual incentive target ($2.6 million), and $12.1 million in long-term equity awards.
Where did Michael Fiddelke grow up?
He grew up on a small farm in Manchester, Iowa, where his family raised beef cattle, sheep, corn, and soybeans.
What is Michael Fiddelke’s email address?
Based on Target’s corporate email format, Michael Fiddelke’s email is [email protected]. He is also active on LinkedIn.
How old is Michael Fiddelke?
Michael Fiddelke is 49 years old (born c. 1976). He earned his engineering degree from the University of Iowa in 1999 and his MBA from Northwestern’s Kellogg School in 2004.
Article last updated: March 2026
Disclaimer: All information presented in this article has been compiled from publicly available sources, including SEC filings, official company press releases, and reputable news outlets. This content is provided for informational purposes only and does not constitute financial or investment advice.