internal
Michael Fiddelke
Chief Executive Officer
Executive
0 yr
15 reports
Leadership change Michael J. Fiddelke was promoted to Chief Executive Officer (from Chief Operating Officer) · DEF 14A 2026-04-27
Target Corporation ·TGT
New CEO with unusually broad, fully functional C-suite
Retailing · Fortune #37 · Functional structure · 415K employees · Minneapolis, MN
View as of:
9
CEO span
↓ tighter than peers (avg 11)
2.3
Avg span
tight
3
Max depth
flat for 415K emp
2.9 yr
Avg tenure
↓ 3.2yr from FY2025
67%
Internal hires
↑ above industry avg
Consolidated financials FY2025 · period end 2026-01-31 · 10-K
Revenue
$104.8B
Operating income
$5.1B
Net income
$3.7B
Total assets
$59.5B
Shares out
453M
Sourced from Target Corporation DEF 14A · filed 2026-04-27 ↗ View on SEC
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Target Corporation organizational chart
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New CEO Michael Fiddelke oversees a wide, functional C-suite with nine direct reports. This page maps Target’s leadership structure, recent CEO transition, executive team, and how its centralized model compares with retail peers.
What to model
Use the chart to test org decisions, not just view reporting lines
Start with the public baseline, then use the scenario views and source-backed changes to ask what happens when leadership, span, or team ownership shifts.
Latest signal Richard Gomez departed as Chief Commercial Officer
Stepped down Feb 15, 2026; departed April 17, 2026.
Source · See change logScenario views in the chart
- Add Chief AI Officer Create a Chief AI Officer reporting to the CEO to centralize AI strategy across merchandising, supply chain, and personalization.
- Shift Digital under COO Move Digital & Revenue under the COO to consolidate day-to-day operations.
Atlas work this supports
- Connect Workday or UKG Get these analytics for YOUR org — tenure, span of control, headcount, automatically from your HRIS.
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- Plan a Reorg Use this as a starting point. Model scenarios, compare structures, present options to your board.
The people
Who's running this
10 executives identified as Named Executive Officers in the most recent SEC proxy. Bar length scales with tenure.
internal
Lisa Roath
Executive Vice President & Chief Operating Officer
Operations
0 yr
0 reports
Jim Lee
Executive Vice President & Chief Financial Officer
Finance
5 yr
2 reports
Prat Vemana
Executive Vice President & Chief Information and Product Officer
Technology
3 yr
1 reports
internal
Cara Sylvester
Executive Vice President & Chief Merchandising Officer
Merchandising
2 yr
0 reports
internal
Melissa Kremer
Executive Vice President & Chief Human Resources Officer
Human Resources
4 yr
1 reports
Sarah Travis
Executive Vice President & Chief Digital and Revenue Officer
Digital
2 yr
1 reports
internal
Adrienne Costanzo
Executive Vice President & Chief Stores Officer
Stores
3 yr
1 reports
internal
Gretchen McCarthy
Executive Vice President & Chief Supply Chain and Logistics Officer
Supply Chain
4 yr
0 reports
internal
Kiera Fernandez
Executive Vice President & Chief Community and Stakeholder Engagement Officer
Community
3 yr
0 reports
The pay
Executive compensation
From the most recent DEF 14A Summary Compensation Table. 2 named executive officers disclosed. Bar length scales with total compensation.
Michael J. Fiddelke $9.6M
- Base salary
- $1.07M
- Bonus
- $176K
- Stock awards
- $7.85M
- Non-equity incentive
- $301K
- Pension change
- $19K
- Other
- $184K
- Fiscal year
- FY2025
- Source
- SEC DEF 14A ↗
Jim Lee $6.4M
- Base salary
- $850K
- Bonus
- $140K
- Stock awards
- $5.13M
- Non-equity incentive
- $239K
- Other
- $74K
- Fiscal year
- FY2025
- Source
- SEC DEF 14A ↗
The skin in the game
Beneficial ownership
Insider stock holdings and the company's ownership requirements for executives and directors. Disclosed in the most recent DEF 14A.
Stock ownership requirements
7×CEO base salary
3×NEO base salary
5×Director cash retainer
Stock ownership guidelines per 2026 Proxy.
The businesses
How Target Corporation divides the work
4 divisions report into the group CEO. Tile size scales with estimated headcount.
Stores
300K employees
Chief Stores Officer (Adrienne Costanzo)
Operates Target’s ~2,000 U.S. stores and frontline teams.
Merchandising
20K employees
Chief Merchandising Officer (Cara Sylvester)
Owns product assortment, owned brands, and vendor strategy.
Supply Chain & Logistics
60K employees
Chief Supply Chain Officer (Gretchen McCarthy)
Manages distribution centers, transportation, and fulfillment.
Technology
10K employees
Chief Information & Product Officer (Prat Vemana)
Leads Target Tech, platforms, data, and product development.
The thesis
Why this org is unusual
Target’s most distinctive feature is a broad functional C-suite reporting directly to a newly promoted CEO.
Michael Fiddelke has ten direct reports, spanning merchandising, stores, digital, supply chain, technology, and community functions, reflecting Target’s integrated retail model. The absence of divisional presidents or P&L segment heads underscores its single-segment structure.
The structure emphasizes coordination across channels rather than autonomous business units. Several roles—Digital & Revenue, Information & Product, and Supply Chain—sit at the same level as classic finance and HR, highlighting operational complexity. The recent addition of a COO adds operational leverage without inserting an extra management layer.
- COO role added in 2026
- Single operating segment
- High CEO span
The comparison
How Target Corporation stacks up
Compared with Walmart and Costco, Target maintains a more centralized functional model with fewer divisional CEOs. Walmart’s structure is more layered with regional and category presidents, while Costco is flatter but narrower in scope. Target’s peer set shows more frequent use of COOs; Target only reintroduced the …
Current signals
What changed recently
Target completed a CEO succession in Feb 2026, promoting Michael Fiddelke and adding a COO role.
- departed
- Date not confirmed new
- Date not confirmed new
Leadership Timeline
Year-over-year executive structure based on SEC proxy and annual filings.
FY2026
DEF 14A filed 2026-04-27
- CEO
- Michael J. Fiddelke
- CEO span
- 9
- C-suite
- 6
- Avg tenure
- 2.9 yr
CEO transition year with added COO role.
Named executive officers (5)
- Michael J. Fiddelke - Chief Executive Officer since 2026
- Jim Lee - Chief Financial Officer since 2020
- Melissa Kremer - Chief Human Resources Officer since 2021
- Lisa Roath - Chief Operating Officer since 2026
- Cara Sylvester - Chief Merchandising Officer since 2023
FY2025
DEF 14A filed 2025-04-25
- CEO
- Brian C. Cornell
- CEO span
- 8
- C-suite
- 6
- Avg tenure
- 6.1 yr
Combined Chair and CEO structure.
Named executive officers (5)
- Brian C. Cornell - CEO since 2014
- Jim Lee - CFO since 2020
- Michael J. Fiddelke - COO since 2019
- Melissa Kremer - CHRO since 2021
- Richard Gomez - Chief Commercial Officer since 2017
Year-over-year changes
Target completed CEO succession and broadened CEO span with a new COO.
- CEO span: 8 → 9
- C-suite size: 6 → 6
- Avg tenure: 6.1 → 2.9 yr
- promoted Michael J. Fiddelke - Chief Executive Officer (was Chief Operating Officer) (DEF 14A 2026-04-27)
- new Lisa Roath - Chief Operating Officer (was Chief Merchandising Officer) (8-K 2026-02-10)
Frequently Asked Questions
Who is the CEO of Target Corporation?
Michael Fiddelke has served as Target’s CEO since February 1, 2026.
What type of organizational structure does Target Corporation use?
Target operates a functional organizational structure with centralized leadership.
How many direct reports does Target's CEO have?
The CEO has nine direct reports as of 2026.
How has Target's leadership changed recently?
Target completed a CEO transition and added a COO role in early 2026.
Does Target have a COO?
Yes. Lisa Roath was appointed Chief Operating Officer in February 2026.
Sources
- 8-K Filing, Feb 2026
- SEC EDGAR: Target Corporation DEF 14A Proxy Statement
- SEC EDGAR: Target Corporation 10-K Annual Report
Reference
Cite this page
If you reference this page in research, analysis, or news writing, use one of the formats below. Citation includes the SEC filing source where applicable.
APA 7th
Creately. (2026). Target Corporation organizational structure. Creately. Retrieved , from https://creately.com/org-chart/fortune-500/target/MLA 9th
"Target Corporation Organizational Structure." Creately, April 1, 2026, https://creately.com/org-chart/fortune-500/target/. Accessed .Chicago 17
Creately. "Target Corporation Organizational Structure." Last modified April 1, 2026. https://creately.com/org-chart/fortune-500/target/.Original SEC source View on SEC ↗
Target Corporation. DEF 14A. Filed 2026-04-27. U.S. Securities and Exchange Commission. https://www.sec.gov/Archives/edgar/data/27419/000162828026027508/tgt-20260426.htmPermanent URL: https://creately.com/org-chart/fortune-500/target/ · last updated 2026-04-01