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Target CEO Michael Fiddelke has had a busy first 2 weeks on the job
BusinessBusiness Insider15d ago

Target CEO Michael Fiddelke has had a busy first 2 weeks on the job

Fiddelke at a Target event in December. Ilya S. Savenok/Getty Images for Target Target CEO Michael Fiddelke has been in his new job for two weeks now — and he's been busy. His appointment was met with skepticism over whether he'd make the changes needed to get on track. Fiddelke's early moves show he's determined to make his own mark on the company. Michael Fiddelke is working like a man with something to prove. Target's newest CEO has been in the job for two weeks now, and he's wasted no time getting down to business on some of the retailer's most difficult problems. "He's got off to a running start," Global Data retail analyst Neil Saunders told Business Insider. "He wants change, but I think he's also keen to be seen that he wants change at Target." Fiddelke's CEO appointment was met with skepticism by many, including Saunders, who questioned whether the longtime Bullseye employee would be willing to make meaningful changes to get the company back on track. Critics also pointed to the board's decision to keep outgoing CEO Brian Cornell on as executive chairman. Such a move has tied the hands of new CEOs at other companies that have tried it, several leadership experts told Business Insider. Fiddelke's early moves indicate he is determined to make his own mark In his first companywide meeting, Fiddelke said Target "didn't do enough" to maintain trust with its customers in recent years and that he's moving to reconnect those communities, Bloomberg reported. Fiddelke said in that meeting that Target was committing an additional $1 million to its Bullseye Builds community program and that company employees had logged more than a million hours of volunteer service in 2025. Target has found itself in the national spotlight in recent weeks as federal immigration agents crack down on its hometown of Minneapolis and the company previously faced criticism over its decision to roll back diversity efforts in 2025. "If yesterday was a true glimpse of Fiddelke stepping up, honestly, it's a good start," one employee who listened to the meeting told Business Insider the following day. "He seems to be very much on point with trying to restore guests' faith in us as a company," the person also said. Fiddelke also dove right into the field, visiting stores and distribution centers in Dallas and near his hometown of Manchester, Iowa, fulfilling a commitment he made in the days leading up to his start date. The new boss has had to make tough choices, too. On Monday, the company laid off 500 workers across its district offices and supply chain, a move it said would translate into beefed-up labor hours in stores across the US. The resource shift reflects Fiddelke's focus on improving the shopping experience to get Target back to growth. "Adding labor to the stores is a good move," former Target board member Gerald Storch told Business Insider. "The stores had gotten too messy, the lines had gotten too long upon checkout, and there were too many items out of stock." The day following that announcement, Target revealed two C-suite appointments that underscore the Fiddelke strategy, with a new chief merchant and chief operating officer taking over for outgoing execs Jill Sando and Rick Gomez. The moves also simplify the top of Target's org chart. Fiddelke's start has set a distinct tone for how he intends to run Target, and now the task is to sustain that effort in the months and years ahead. He's now responsible for fixing three years of flat or declining sales, a rocky relationship with customers and employees, and a race with competitors who have been charging forward without those same headwinds. Storch said Target has a lot of fundamental issues. "That's not going to be solved in two weeks," he said. Still, Saunders said there's something to be said for coming out of the gate with gusto. "It takes a long time to fix these things, and it takes even longer to push them through into customer perception and behaviors," he said. "The next best thing is being able to say, 'Look, we know there are problems, and we're getting on with remedying them." Read the original article on Business Insider

Barbican Arts Director Resigns
CultureThe Guardian15d ago

Barbican Arts Director Resigns

Devyani Saltzman, Barbican arts director, is set to leave months after revealing her creative vision for the center and weeks after a new CEO joined.

Sialkot Stallionz officially change name to Multan Sultans under new management
SportDawn18h ago

Sialkot Stallionz officially change name to Multan Sultans under new management

The Sialkot Stallionz have officially changed their name to the Multan Sultans, Pakistan Super League (PSL) CEO Salman Naseer announced on Tuesday. In a press conference, Naseer said that the group’s name change request, put forward by the team’s new CEO, Gohar Shah, had been officially accepted. According to him, the name change request was Shah’s first act as CEO of the franchise, as the name ‘Multan Sultans’ had not previously been available. “You saw him (Shah) amongst other bidders at th...

Yes, Costco's CEO really does respond to members' emails — I tried it
BusinessBusiness Insider2d ago

Yes, Costco's CEO really does respond to members' emails — I tried it

Costco's new CEO Ron Vachris Costco Costco customers sometimes go viral for sharing personal email replies from CEO Ron Vachris. Many of the notes I've seen that got a response had feedback about the member experience. "I do read my email and respond to the majority," Vachris told me. Costco's culture of attention to detail is one of the wholesale club's keys to success. That extends to the very top, with CEO Ron Vachris taking time out of his day to deal with what must be a warehouse-sized...

Salman Rushdie among 170 figures to sign open letter over Barbican arts lead departure
CultureThe Guardian12d ago

Salman Rushdie among 170 figures to sign open letter over Barbican arts lead departure

Devyani Saltzman, described as Barbican’s ‘driving force’, leaves few weeks after arrival of new CEO Salman Rushdie, John Akomfrah and Pankaj Mishra are among more than 170 cultural figures who have signed an open letter to the Barbican expressing concern over the departure of its arts director, Devyani Saltzman. Saltzman, who became director of arts and participation at the Barbican in February 2024, is leaving the institution amid a significant leadership change a few weeks after its new CEO joined. Continue reading...

Barbican arts director to leave, months after revealing creative vision for centre
CultureThe Guardian15d ago

Barbican arts director to leave, months after revealing creative vision for centre

Shock departure of Devyani Saltzman comes weeks after new CEO joined and before major refurbishment Devyani Saltzman is leaving the Barbican, as the arts institution undergoes another significant leadership change just a few weeks after its new CEO joined. The shock departure of Saltzman, who became director of arts and participation at the Barbican in February 2024, comes two years after her arrival and months after she unveiled a five-year creative vision for the venue. Continue reading...