Target Seen Looking Externally for Next CEO -- Market Talk

Dow Jones
Jun 25, 2025

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)

Copyright (c) 2025 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10