Amphenol vs Target: Founders, CEOs and History
Amphenol was founded in 1932 by Arthur J. Schmitt and is led by R. Adam Norwitt. Target was founded in 1902 by George Dayton and is led by Michael Fiddelke.
Company facts
Founders
Amphenol
Arthur J. Schmitt
Amphenol was founded in Chicago in 1932 by an effective, pragmatic entrepreneur named Arthur J. Schmitt.
Target
George Dayton
George Draper Dayton became a partner in Goodfellow's Dry Goods Company, one of the largest department stores in Minneapolis, in 1902, and became sole owner and president within a year, renaming it the Dayton Dry Goods Company.
CEOs and their tenures
Amphenol
- Arthur J. Schmitt1932–1964
Founder and Chief Executive Officer
Arthur J. Schmitt founded American Phenolic Corporation in Chicago in 1932 and led it as chief executive until 1964.
Source - Martin H. Loeffler1996–2008
Former Chief Executive Officer and Chairman
Martin H. Loeffler was Amphenol's chief executive from 1996 to 2008, president from 1987 to 2006 and chairman of the board from 1997 until he retired from the board at the May 2026 annual meeting.
Source - R. Adam Norwitt2009–present
Chairman, President and Chief Executive Officer
R. Adam Norwitt has been Amphenol's chief executive since January 1, 2009 and added the role of chairman of the board in 2026. Net sales grew from $2.82 billion in 2009 to $23.09 billion in fiscal 2025 and the GAAP operating margin reached a record 25.4%.
Source
Target
- Robert J. Ulrich1994–2008
Chairman and CEO
Under Ulrich Target grew into the second-largest US discount retailer, built its design-partnership model with designers such as Michael Graves, and added the Super Target format. He retired as chief executive in 2008 and was succeeded by Gregg Steinhafel.
Source - Gregg Steinhafel2008–2014
Chairman, President and CEO
Steinhafel resigned in May 2014 after the data breach and the poor results of Target Canada, which the company closed in 2015 after losses. Brian Cornell succeeded him later in 2014.
Source - Brian Cornell2014–2026
Former Chairman and CEO
Cornell's tenure ended amid a stock and sales slump, with revenue declining for three consecutive fiscal years (from $107.412 billion in FY2023 to $104.780 billion in FY2025) even as the omnichannel infrastructure he built began paying off in the following qua…
Source - Michael Fiddelke2026–present
Chief Executive Officer
Fiddelke inherited a company coming off three straight years of revenue decline. His first two quarters as CEO delivered growth: Q1 FY2026 net sales rose 6.7% and Q2 FY2026 net sales rose 5.3% to $26.5 billion, with comparable traffic up 3.6%.
Source
Timeline: Amphenol and Target side by side
1902Target
Dayton Company is founded
George Dayton becomes a partner in Goodfellow's Dry Goods Company in Minneapolis in 1902, then sole owner in 1903, renaming it Dayton Dry Goods Company -- the business that eventually becomes Target Corporation.
1932Amphenol
Arthur J. Schmitt founds American Phenolic Corporation
Arthur J. Schmitt incorporates American Phenolic Corporation in Chicago with a patented molded phenolic radio tube socket, establishing the company's foundation in electronic component manufacturing.
1936Amphenol
Introduction of industry-standard 75 series microphone connector and lock-in socket
Amphenol introduces the 75 series uniform microphone connector and a lock-in socket for radio tubes, both becoming industry standards and attracting RCA as a major customer ordering 10,000 sockets daily.
1942Amphenol
Primary supplier of AN connectors for WWII Allied forces
Amphenol becomes a critical defense supplier, with its 5015 AN circular connectors becoming standard equipment on military aircraft and communications gear; A-N connector shipments increase 13,572% from January 1941 to March 1943.
1942Amphenol
Official name change to Amphenol Electronics Corporation
The company officially changes its name from American Phenolic Corporation to Amphenol Electronics Corporation, formalizing the shorthand name customers had used for years.
1945Amphenol
Initial public offering
Amphenol raises $1.5 million from convertible debentures and sells 345,000 shares at $10 per share, giving the company a $4 million market capitalization and providing capital for post-war diversification.
1951Amphenol
Amphenol engineers develop the BNC connector
Amphenol engineers Paul Neill and Carl Concelman develop the bayonet coupled BNC coaxial connector, which becomes a standard interface in radio frequency and test equipment applications.
1957Amphenol
NYSE listing
Amphenol Electronics Corporation lists on the New York Stock Exchange, marking its transition to a major public industrial company.
1958Amphenol
Merger with George W. Borg Corporation
Amphenol completes its largest transaction to date, merging with the George W. Borg Corporation, a maker of automobile clocks, electronic instruments and deep pile fabrics, and is renamed Amphenol-Borg Electronics Corporation.
1962Target
First Target store opens
The first Target discount store opens in Roseville, Minnesota.
1967Amphenol
Acquisition by Bunker-Ramo Corporation
Bunker-Ramo Corporation acquires Amphenol, which begins operating as a subsidiary and passes through successive corporate owners for the next 24 years.
1981Amphenol
Allied Corporation buys Bunker-Ramo for $358 million
Allied Corporation acquires Bunker-Ramo for $358 million, including the Amphenol division, making Amphenol part of a larger industrial conglomerate.
1987Amphenol
LPL Investment leveraged buyout for $430 million
LPL Investment buys Amphenol from Allied in a leveraged buyout valued at $430 million in cash, and the decentralized management style that defines the modern company takes hold. Martin H. Loeffler becomes president in the same year.
1991Amphenol
Second IPO on NYSE under ticker APH
Amphenol returns to public markets with a second initial public offering on the New York Stock Exchange under ticker APH, beginning the modern era of sustained growth and shareholder returns.
2000Target
Company becomes Target Corporation
Dayton Hudson changes its name to Target Corporation as the discount chain becomes the center of the company.
2005Amphenol
Acquisition of Teradyne connector business for $390 million
Amphenol acquires Teradyne's connection systems business for $390 million in October 2005, expanding its presence in high speed data and backplane connectors for the growing IT datacom market.
2013Target
Target Data Breach
Target discloses a data breach affecting more than 40 million customer payment cards during the holiday shopping season, becoming one of the most-cited cybersecurity failures in US retail history.
2014Target
Dermstore Acquired
Target acquires online beauty retailer Dermstore to expand its e-commerce beauty business; it sells the unit to THG for $350 million in 2021.
2015Target
Target Exits Canada
Target announced in January 2015 that it would close all of its Canadian stores, ending an expansion that began in 2013.
2016Amphenol
Acquisition of FCI Asia for $1.275 billion
Amphenol acquires FCI Asia from affiliates of Bain Capital for $1.275 billion in January 2016, strengthening its global connector footprint and adding high speed backplane and board-to-board capability.
2017Target
Target acquires Shipt and Grand Junction
Target acquires same-day delivery platform Shipt for about $550 million and transportation-technology startup Grand Junction, accelerating omnichannel fulfillment.
2020Target
Stores become fulfillment hubs
Target's store-based fulfillment model becomes central to digital growth during the pandemic period.
2021Amphenol
Acquisition of MTS Systems Corporation for $1.7 billion
Amphenol acquires MTS Systems for $1.7 billion in April 2021, adding advanced sensor capability that deepens its position in industrial and automotive sensing.
2024Amphenol
Acquisition of Carlisle Interconnect Technologies for about $2.0 billion
Amphenol completes the purchase of Carlisle Interconnect Technologies from Carlisle Companies in May 2024 for about $2.0 billion, expanding aerospace, defense and medical harsh environment interconnect capability.
2025Amphenol
Completion of the $2.1 billion CommScope outdoor wireless and DAS purchase
Amphenol completes the acquisition of CommScope's Outdoor Wireless Networks and Distributed Antenna Systems businesses, including Andrew, for $2.1 billion in cash. The businesses had about $1.2 billion of 2024 sales.
2025Amphenol
Record fiscal 2025 revenue of $23.09 billion, up 52%
Amphenol reports record full year 2025 net sales of $23.09 billion, up 52% year over year and 38% organically, with a 25.4% GAAP operating margin, $4.4 billion of free cash flow and Communications Solutions sales up 91% to about $12.1 billion.
2025Target
Michael Fiddelke named next CEO
Target announces that Michael Fiddelke will succeed Brian Cornell as CEO effective February 1, 2026, after 22 years rising through the company including as CFO and COO.
2026Amphenol
Completion of the $10.5 billion CommScope CCS acquisition
Amphenol closes its largest acquisition, buying CommScope's Connectivity and Cable Solutions business for $10.5 billion on January 12, 2026. Amphenol also acquired the CommScope name and expects the business to generate about $4.1 billion of sales in 2026.
2026Amphenol
Norwitt named chairman as Loeffler retires from the board
Amphenol announces on February 4, 2026 that chief executive R. Adam Norwitt will also become chairman of the board at the May 2026 annual meeting, as Martin H. Loeffler retires from the board after more than five decades with the company.
2026Target
FY2025 revenue is reported
Target reports FY2025 revenue of $104.780B and net income of $3.705B, the third consecutive year of revenue decline.
2026Target
Q1 FY2026 sales rebound
Target reports Q1 FY2026 net sales growth of 6.7% and comparable sales growth of 5.6% under new CEO Michael Fiddelke.
2026Target
Q2 FY2026 growth and raised outlook
Target reports Q2 FY2026 net sales of $26.5B (+5.3%), comparable sales growth of 3.8% and raises full-year guidance to about 5% sales growth.
Acquisitions
Amphenol
- CommScope Connectivity and Cable Solutions (CCS)2026$10.5B
- CommScope Outdoor Wireless Networks and Distributed Antenna Systems businesses (Andrew)2025$2.1B
- Rochester Sensors2025Undisclosed
- Trexon2025$1B
- Carlisle Interconnect Technologies (CIT)2024$2B
Questions about Amphenol vs Target
Who is the CEO of Amphenol Corporation and Target Corporation?
Amphenol Corporation is led by R. Adam Norwitt and Target Corporation is led by Michael Fiddelke. Both serve as the top executive responsible for the company's strategy, operations, and financial performance.
When was Amphenol Corporation founded vs Target Corporation?
Target Corporation was founded in 1902 — 30 years before Amphenol Corporation, which was founded in 1932. Target Corporation's longer operating history gives it a deeper track record but also potentially more institutional inertia compared to the younger Amphenol Corporation.
How many employees does Amphenol Corporation have compared to Target Corporation?
Amphenol Corporation employs approximately 170,000 people, while Target Corporation employs approximately 415,000. Target Corporation has the larger workforce at 415,000 employees, compared to Amphenol Corporation's 170,000. A higher headcount does not necessarily imply greater efficiency — it often reflects differences in business model (e.g., manufacturing vs. software).
Where are Amphenol Corporation and Target Corporation headquartered?
Both Amphenol Corporation and Target Corporation are headquartered in United States, meaning they operate under the same primary regulatory and tax environment.
Who founded Amphenol Corporation and Target Corporation?
Amphenol Corporation was founded by Arthur J. Schmitt. Target Corporation was founded by George Dayton.
Which company has a longer operating history — Amphenol Corporation or Target Corporation?
Target Corporation has been operating for approximately 124 years, making it the more established of the two companies. Amphenol Corporation has been in operation for around 94 years. A longer operating history often signals greater institutional resilience and brand recognition, though it can also mean slower adaptation to new market conditions.
Figures come from each company's filings and the sources linked beside them. Amounts reported in another currency are shown in US dollars at an approximate rate and marked with ~. Back to the Amphenol vs Target overview