US EditionPublished • loading... • Updated
Target CEO Reshapes His Leadership Team in First Big Move Since Taking over This Month
CEO Michael Fiddelke promotes Lisa Roath and Cara Sylvester while cutting 500 distribution and regional jobs to improve store conditions and operational efficiency.
- On Tuesday, Target CEO Michael Fiddelke reshuffled his leadership team shortly after taking the top job this month, with changes effective Sunday.
- Facing customer complaints and backlash, Target customers criticized store conditions and the loss of the retailer's budget-priced niche while boycotts followed cuts to corporate diversity, equity and inclusion initiatives, pressuring retailer reputation.
- Rick Gomez, 23-year Target veteran, will leave the company, and Jill Sando, chief merchandising officer since 1997, will retire while Cara Sylvester becomes chief merchandising officer.
- Target will boost store staffing while eliminating about 500 jobs at distribution centers and regional offices, and the company reiterated its profit guidance on Tuesday.
- Fiddelke, one of 60 Minnesota CEOs who signed an open letter in January, has not commented publicly after federal agents detained two employees this month, though he called recent violence `incredibly painful` to Target's 400,000 workers.
Insights by Ground AI
16 Articles
16 Articles
Associated Press News+13 Reposted by 13 other sources
Target CEO reshapes his leadership team in first big move since taking over this month
Target CEO Michael Fiddelke is reshuffling his leadership team and making other changes shortly after stepping into the top job at the retailer that has struggled operationally.
·United States
Read Full Article
Coverage Details
Total News Sources16
Leaning Left4Leaning Right2Center5Last UpdatedBias Distribution46% Center
Bias Distribution
- 46% of the sources are Center
46% Center
L 36%
C 46%
R 18%
Factuality
To view factuality data please Upgrade to Premium
