Target Seen Looking Externally for Next CEO -- Market Talk

Dow Jones
2025/06/25

1129 ET - As Target CEO Brian Cornell nears retirement after an almost 11-year tenure, investors overwhelmingly hope the retail giant appoints an external hire as his successor, Mizuho Securities analysts say in a note. Sam's Club CEO Chris Nicholas is seen as the best option, garnering 31% of votes in a recent investor survey, followed by Tractor Supply's Hal Lawton and Foot Locker's Mary Dillon, the analysts say. Investors see expertise in merchandising, store-level execution, e-commerce and corporate culture as the most necessary attributes for a new CEO, the analysts say. Only 4% of investors expect an internal hire, all of which point to COO Michael Fiddelke, they say. (kelly.cloonan@wsj.com)

 

(END) Dow Jones Newswires

June 25, 2025 11:29 ET (15:29 GMT)

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