Target Corporation announced it has established a multi-year Enterprise Acceleration Office to drive even greater speed and agility across the company, positioning Target to deliver faster progress on its roadmap for growth. Michael Fiddelke, chief operating officer, will oversee this effort to improve how functions work together to advance key priorities, ranging from simplifying cross-company processes to using technology and data in new ways to power the team.
"The Enterprise Acceleration Office represents a strategic commitment to operating more nimbly across the organization, creating conditions for speed, adaptability, innovation, and resilience. It goes beyond improving efficiency to build operational muscles that clear the way for our talented team to deliver for our guests while accelerating our performance and growth," said Brian Cornell, chair and chief executive officer. "This effort is a natural extension of our roadmap for growth, and the work will benefit greatly from Michael's leadership and his track record of simplifying complexity and championing cross-functional collaboration."
In addition to establishing the Enterprise Acceleration Office, the company shared a number of changes across its executive leadership team to more closely align key capabilities that will support further speed and connection across the organization.
"During her time with Target, Christina applied her merchant's eye and strategic mindset to grow our multicategory commercial business by billions of dollars, and we are grateful for her leadership, vision and impact," said Cornell.
Target also announced the departure of Amy Tu, chief legal and compliance officer. In the near term, Melissa Kremer, chief human resources officer, will oversee the function while the company conducts a comprehensive external search.
