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

Rhea-AI Summary

Target (NYSE:TGT) announced executive leadership changes effective Feb. 15, 2026, under new CEO Michael Fiddelke to accelerate growth and simplify structure. Cara Sylvester is named chief merchandising officer and Lisa Roath is named chief operating officer. Rick Gomez will depart and Jill Sando will retire. The company confirmed it expects to report Q4 2025 sales, full-year GAAP EPS and full-year Adjusted EPS in line with prior guidance. An external search is underway for a chief guest experience and marketing officer.

Positive

• Leadership aligned under new CEO Michael Fiddelke
• Confirmed Q4 2025 sales and full-year EPS guidance
• Cara Sylvester appointed singular chief merchandising officer

Negative

• Departure of chief commercial officer Rick Gomez
• Open chief guest experience and marketing role requires external search

News Market Reaction

-1.98%

1 alert

-1.98% News Effect

On the day this news was published, TGT declined 1.98%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

MINNEAPOLIS, Feb. 10, 2026 /PRNewswire/ -- Target Corporation (NYSE: TGT) announces a series of executive leadership changes under new CEO Michael Fiddelke aimed at accelerating the company's growth plans. The appointments follow recent additions to the Board of Directors and directly support Fiddelke's focus on strengthening merchandising authority and elevating the guest experience.

The company also confirms that it expects to report fourth quarter 2025 sales, full-year GAAP EPS and full-year Adjusted EPS in line with its prior guidance.

"It's the start of a new chapter for Target and we're moving quickly to take action against our priorities that will drive growth within our business," said Fiddelke. "These leadership changes align the right talent and expertise with key roles, and simplify our structure so we can advance our strategy with greater speed, clarity and accountability."

Effective Feb. 15, newly named executive vice presidents will oversee functions reporting directly to the CEO:

Cara Sylvester is named chief merchandising officer, having previously served as chief guest experience officer. Sylvester brings deep merchandising expertise, with experience across digital, loyalty and marketing, and a track record of growing revenue, profitability and market share across categories. As Target's singular merchandising chief, she will strengthen and expand Target's authority in style and design through its merchandising capabilities, product development, assortment design and partner collaborations.

Lisa Roath is named chief operating officer. Previously chief merchandising officer of food, essentials and beauty, Roath brings expertise leading an end-to-end retail operation, spanning merchandising, supply chain and stores. In her new role, she'll focus on scaling Target's style and design focus across the full operation, improving speed, efficiency and execution that elevates the shopping experience.

"Cara and Lisa are proven leaders who deeply know our business and can drive change that delivers results," said Fiddelke. "As they lead two of our most critical functions, we've got the right foundation to make bold, strategic moves and execute our plans for Target's future."

As part of these changes, Rick Gomez, chief commercial officer, will depart Target and Jill Sando, chief merchandising officer for apparel and accessories, home and Fun101 will retire. Both will stay on for brief periods to support a smooth transition.

"I've worked alongside Rick and Jill for many years, and I've seen firsthand the real impact they've made on Target during their tenures," Fiddelke said. "I want to thank Rick for his leadership in service to our team and guests, and congratulate Jill on her retirement after a remarkable 29 years with the company."

As these leaders transition, the company is conducting an external search for a chief guest experience and marketing officer.

About Target
Minneapolis-based Target Corporation (NYSE: TGT) serves guests at nearly 2,000 stores and at Target.com, with the purpose of helping all families discover the joy of everyday life. Since 1946, Target has given 5% of its profit to communities, which today equals millions of dollars a week. Additional company information can be found by visiting the corporate website and press center.

 

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SOURCE Target Corporation

FAQ

Who are the new executives announced by Target (TGT) on Feb. 10, 2026?

Target named Cara Sylvester as chief merchandising officer and Lisa Roath as chief operating officer. According to the company, both appointments are effective Feb. 15 and report directly to CEO Michael Fiddelke to advance merchandising and operations.

What did Target (TGT) say about its Q4 2025 and full-year EPS guidance on Feb. 10, 2026?

Target confirmed it expects Q4 2025 sales and full-year GAAP and Adjusted EPS in line with prior guidance. According to the company, this confirmation accompanies executive changes to maintain financial consistency for investors.

Why is Target (TGT) conducting an external search for a chief guest experience and marketing officer?

Target is conducting an external search to fill the chief guest experience and marketing officer role after leadership changes and retirements. According to the company, the search aims to find talent to lead guest experience and marketing functions.

What happens to Rick Gomez and Jill Sando after Target's Feb. 10, 2026 announcement?

Rick Gomez will depart Target and Jill Sando will retire, with both staying briefly to support transition. According to the company, they will help ensure a smooth handover as new leaders assume responsibilities.

How will Cara Sylvester's role as chief merchandising officer affect Target (TGT)'s strategy?

Cara Sylvester will serve as Target's singular chief merchandising officer to strengthen style and design authority across assortments. According to the company, she will lead product development, merchandising capabilities and partner collaborations to drive growth.