Target Announces Executive Leadership Changes to Accelerate Growth, Confirms Q4 Financial Guidance

Core Insights - Target Corporation announces executive leadership changes under new CEO Michael Fiddelke to accelerate growth plans [1] - The company confirms expectations for Q4 2025 sales and full-year GAAP EPS and Adjusted EPS in line with prior guidance [1] Leadership Changes - Cara Sylvester is appointed as Chief Merchandising Officer, previously serving as Chief Guest Experience Officer, bringing expertise in merchandising, digital, loyalty, and marketing [1] - Lisa Roath is named Chief Operating Officer, previously Chief Merchandising Officer of food, essentials, and beauty, focusing on improving operational efficiency and enhancing the shopping experience [1] - Rick Gomez, Chief Commercial Officer, will depart, and Jill Sando, Chief Merchandising Officer for apparel and accessories, will retire, both assisting in the transition [1] Strategic Focus - The leadership changes aim to strengthen merchandising authority and elevate guest experience, aligning talent with key roles to simplify the company's structure [1] - The new leadership is expected to drive strategic moves and execute plans for Target's future [1]