Have a look at the salary and net worth of Michael Fiddelke
Michael Fiddelke is all set to become the new CEO of Target and will step into the role on February 1, 2026, find out more about him below.
Michael is the current Chief Operating Officer of Target and he has driven major growth and modernization across the company’s operations.
Who is Michael Fiddelke, next CEO of Target: Bio, age, family, wife, salary and net worth
From Intern to CEO in 22 years
Target's new chief exec Michael Fiddelke has an unreal LinkedIn profile pic.twitter.com/cFlzTZO0GJ
— Morning Brew ☕️ (@MorningBrew) August 20, 2025
"Started from the bottom now we here"
-New Target CEO Michael Fiddelke (probably) pic.twitter.com/X2raSBriEf
— The Rundown (@rundowndaily_) August 20, 2025
Michael currently oversees nearly 2,000 stores and a complex global supply chain, playing a pivotal role in Target’s rise as a retail powerhouse.
Michael Fiddelke set to become new Target CEO
Target has announced that Michael Fiddelke will assume the role of CEO on February 1, 2026, and join the Board of Directors. His new promotion comes following a successful tenure as Chief Operating Officer, where he led Target’s extensive network of stores, fulfillment services including same-day delivery with Shipt, and enterprise functions. The company has credited Fiddelke with modernizing operations and accelerating growth during a critical phase of the company’s expansion.
Michael Fiddelke biography and age
Age 49 Michael Fiddelke is an accomplished retail executive who serves as the COO of Target. Over the years, Michael has experienced a steady ascent through leadership roles, reflecting his commitment and broad knowledge of the retail industry.
Education
Michael Fiddelke earned his Bachelor of Science degree in Industrial Engineering from the University of Iowa in 1999 and the university honored him with its Alumni Merit Ward in 2023. Following which he pursued an MBA from the prestigious Kellogg School of Management at Northwestern University.
Michael who grew up on a farm near Manchester, between Waterloo and Dubuque, where his family farmed beef, sheep, corn and soybeans and later went into business, operating a liquor store and Super 8 hotels, graduated from West Delaware High School in Manchester.
Fiddelke first joined Target as an intern in 2003, having earlier worked at Deloitte Consulting LLP for three years.
Professional career
Michael Fiddelke has one of the most inspirational career paths after starting out at Target as an intern in 2003. He quickly moved through varied leadership roles in finance, merchandising, human resources, and operations. Michael then attained the role of Chief Financial Officer before becoming Chief Operating Officer and managing Target’s store network, supply chain, and digital capabilities.
During his time with the company, he has helped scale the company’s services, like same-day delivery through Shipt and enhance enterprise-wide efficiency to boost profitability. Prior to joining Target, Michael worked briefly at Deloitte Consulting, where he gained valuable consultancy experience over three years. Besides his corporate responsibilities, he currently sits on the board of Shipt.
Wife and children
Michael Fiddelke generally prefers to keep his personal life private, and there is little to no information publicly available about his wife or children.
Net worth
The exact net worth of Michael Fiddelke has not been publicly disclosed, but he has an estimated net worth of $21.5 Million based on reported shares in Target.
Fiddelke made $3 million last year as the CFO and executive vice president of Target and that pay included a $900,000 salary and $1.2 million from previously issued restricted stock that vested during the year.
