- A highly skilled leader with more than 25 years of
financial, strategy and business experience at PepsiCo, Lee will
oversee Target's finance function and join its leadership
team
- Lee succeeds Michael
Fiddelke, Target's chief operating officer
MINNEAPOLIS, Sept. 19,
2024 /PRNewswire/ -- Target
Corporation (NYSE: TGT) today announced that
Jim Lee has been named
chief financial officer and a member of its leadership team
effective Sept. 22. In his new role,
Lee will be responsible for financial planning and analysis,
finance capabilities, internal audit, accounting, investor
relations, treasury, tax, risk, financial products and services and
corporate development. He succeeds Michael Fiddelke, Target's chief operating
officer.
"As a successful leader in finance and strategy, Jim will
oversee the central role our finance team plays in fueling our
long-term profitable growth," said Brian
Cornell, chair and CEO, Target. "With decades leading
core finance functions and nurturing growth, Jim will complement
the strong and tenured leadership currently in place on our finance
team. From his consumer centric leadership, to his strategy,
business development and corporate governance experience, Jim will
be a great addition to our leadership team as we focus on driving
Target's roadmap for
growth."
"I'm excited to join a team and a brand that I have so much
respect for, and I'm eager to get immersed in the retail industry,"
said Lee. "With a clear strategy, a differentiated shopping
experience and a brand that consumers love, Target's competitive
advantages are a strong foundation for long-term
growth."
Lee brings more than 25 years of experience in finance,
strategy, team and culture leadership at PepsiCo. Most recently as
the company's deputy chief financial officer, he oversaw its global
tax, treasury, investor relations and environmental, social and
governance reporting functions, and led the finance teams for
PepsiCo's international business, comprising approximately
$35 billion in revenue. Prior to
that, as senior vice president, finance, of PepsiCo Beverages North
America, he led financial planning and analysis, and finance
functions for brand and innovation, franchise bottlers, supply
chain and business development.
During his career, Lee has led global teams in a wide range of
business development and finance functions across North America, Europe and Asia, including serving as CFO for several of
PepsiCo's international regions. He also served as chief strategy
and transformation officer of PepsiCo Beverages North America,
leading transformation for PepsiCo's largest sector, including
business development and mergers and
acquisitions.
Jim has served on multiple boards during his PepsiCo career,
including Tropicana Brands Group and Celsius Holdings.
A Q&A with Lee is available on Target's corporate
website.
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