Target has announced that the company has appointed Michael Fiddelke as the executive vice president and chief financial officer, effective November 1, 2019. Target is a general merchandise retailer with stores in all 50 US states and the District of Columbia. The company, headquartered in Minneapolis, is the eighth-largest retailer in the US.
In this role, Fiddelke will be responsible for financial planning and analysis, financial operations, internal audit, accounting, investor relations, treasury, tax, and risk. He will also oversee Target’s Financial and Retail Services, which includes guest relations and management of its financial products, including Target RedCard, according to Target.
In more than 15 years at Target, Fiddelke has served in a variety of roles across finance, merchandising, human resources, and operations. Most recently he served as senior vice president of operations, leading numerous cross-functional enterprise initiatives spanning merchandising, supply chain, stores and guest experience. He is being appointed after an extensive evaluation of internal and external candidates.
“After concluding an extensive global search, it’s clear that Fiddelke is the right leader for this role. With his engineering training and his deep financial experience, he is extremely talented at diagnosing and solving complex organisational challenges and driving business results. He is respected as a highly collaborative business partner and will bring a modern approach to financial and enterprise leadership for Target,” Target’s chairman and chief executive officer Brian Cornell said.
Prior to Target, Fiddelke worked at Deloitte Consulting. Fiddelke has an MBA degree from Northwestern University’s Kellogg School of Management and a bachelor of science in industrial engineering from the University of Iowa.
Fibre2Fashion News Desk (GK)