Target vs TotalEnergies: Founders, CEOs and History
Target was founded in 1902 by George Dayton and is led by Michael Fiddelke. TotalEnergies was founded in 1924 by Raymond Poincaré, Ernest Mercier and is led by Patrick Pouyanné.
Company facts
Target
- Founded
- 1902
- Headquarters
- Minneapolis, Minnesota
- Current CEO
- Michael Fiddelke
- Employees
- 415,000
TotalEnergies
- Founded
- 1924
- Headquarters
- Paris, France
- Current CEO
- Patrick Pouyanné
- Employees
- 100,000
Founders
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.
TotalEnergies
Raymond Poincaré
Raymond Poincaré was President of France during World War I and Prime Minister when his government pushed for a national oil company in 1924.
Ernest Mercier
Ernest Mercier was the industrialist chosen to set up and chair Compagnie Française des Pétroles.
CEOs and their tenures
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
TotalEnergies
- Thierry Desmarest1995–2007
Chairman and Chief Executive Officer
Under his leadership, Total more than doubled in size, becoming a dominant global supermajor capable of competing with Exxon and Shell.
Source - Christophe de Margerie2007–2014
Chairman and Chief Executive Officer
He transformed Total into one of the most geographically diverse supermajors before his sudden death in a plane crash in 2014.
Source - Patrick Pouyanné2014–present
Chairman and Chief Executive Officer
CEO since October 2014 and Chairman since December 2015, Pouyanné renamed the company TotalEnergies in 2021, expanded LNG and Integrated Power, and kept returns at the top of the majors (12.6% ROACE in 2025).
Source - Jean-Pierre Sbraire2019–present
Chief Financial Officer
As CFO, he fortified the balance sheet during unprecedented energy market volatility following the geopolitical shocks of 2022.
Source
Timeline: Target and TotalEnergies 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.
1924TotalEnergies
Compagnie Francaise des Petroles founded
The French state-backed oil company was created to secure access to petroleum resources and became the predecessor of TotalEnergies.
1954TotalEnergies
Total Brand Created
The company created the Total brand in 1954 to build a retail distribution network.
1962Target
First Target store opens
The first Target discount store opens in Roseville, Minnesota.
1995TotalEnergies
Thierry Desmarest becomes CEO
Thierry Desmarest became CEO of TotalEnergies in 1995. Led Total from 1995 to 2007 and engineered the Petrofina and Elf Aquitaine combinations; remained Chairman until 2010.
1999TotalEnergies
Petrofina acquired; Elf Aquitaine follows in 2000
Total combined with Belgium's Petrofina in 1999 and Elf Aquitaine in 2000, operating as TotalFinaElf before reverting to Total in 2003.
2000Target
Company becomes Target Corporation
Dayton Hudson changes its name to Target Corporation as the discount chain becomes the center of the company.
2000TotalEnergies
Elf Aquitaine Acquired
Total acquired Elf Aquitaine in 2000, forming TotalFinaElf.
2007TotalEnergies
Christophe de Margerie becomes CEO
Christophe de Margerie became CEO of TotalEnergies in 2007. CEO from 2007 and Chairman from 2010 until his death in a plane accident at Moscow's Vnukovo airport in October 2014.
2011TotalEnergies
Acquired SunPower (majority stake)
TotalEnergies acquired SunPower (majority stake).
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.
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.
2018TotalEnergies
Direct Energie acquired
Total bought French power and gas retailer Direct Energie, the base of its European retail electricity business.
2020Target
Stores become fulfillment hubs
Target's store-based fulfillment model becomes central to digital growth during the pandemic period.
2021TotalEnergies
Total becomes TotalEnergies
The company changed its name to TotalEnergies to reflect a broader multi-energy strategy spanning oil, gas, electricity, renewables, and low-carbon energy.
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.
2025TotalEnergies
2025 results
Revenues from sales of $182.344 billion, adjusted net income of $15.6 billion (down 15%), IFRS net income of $13.127 billion and a €3.40 dividend.
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.
2026TotalEnergies
Mozambique LNG full restart
On January 29, 2026, Patrick Pouyanné and President Daniel Chapo announced the full restart of the roughly $20 billion Mozambique LNG project after force majeure was lifted in November 2025.
2026TotalEnergies
Q2 2026 results
Adjusted net income of $6.0 billion and cash flow of $9.8 billion in the second quarter as higher oil prices tied to the Middle East conflict lifted earnings.
Acquisitions
TotalEnergies
- Direct Energie2018$1.6B
- Saft Groupe2016Undisclosed
- SunPower (majority stake)2011Undisclosed
- Petrofina and Elf Aquitaine1999Undisclosed
Questions about Target vs TotalEnergies
Who is the CEO of Target Corporation and TotalEnergies SE?
Target Corporation is led by Michael Fiddelke and TotalEnergies SE is led by Patrick Pouyanné. Both serve as the top executive responsible for the company's strategy, operations, and financial performance.
When was Target Corporation founded vs TotalEnergies SE?
Target Corporation was founded in 1902 — 22 years before TotalEnergies SE, which was founded in 1924. Target Corporation's longer operating history gives it a deeper track record but also potentially more institutional inertia compared to the younger TotalEnergies SE.
How many employees does Target Corporation have compared to TotalEnergies SE?
Target Corporation employs approximately 415,000 people, while TotalEnergies SE employs approximately 100,000. Target Corporation has the larger workforce at 415,000 employees, compared to TotalEnergies SE's 100,000. A higher headcount does not necessarily imply greater efficiency — it often reflects differences in business model (e.g., manufacturing vs. software).
Where are Target Corporation and TotalEnergies SE headquartered?
Target Corporation is headquartered in United States and TotalEnergies SE is headquartered in France. Their different home markets mean they may face different regulatory frameworks, tax regimes, and currency exposure.
Who founded Target Corporation and TotalEnergies SE?
Target Corporation was founded by George Dayton. TotalEnergies SE was founded by Raymond Poincaré, Ernest Mercier.
Which company has a longer operating history — Target Corporation or TotalEnergies SE?
Target Corporation has been operating for approximately 124 years, making it the more established of the two companies. TotalEnergies SE has been in operation for around 102 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 Target vs TotalEnergies overview