Target Corporation has appointed Jim Lee as chief financial officer and a member of its leadership team, effective September 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.
Lee 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 of 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.”
Lee brings over 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 of roughly $35 billion in revenue. Before that, he was the senior vice president of finance for PepsiCo Beverages North America, where 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 various business development and finance functions across North America, Europe and Asia, including as CFO for several of PepsiCo’s international regions. He also was the chief strategy and transformation officer of PepsiCo Beverages North America, leading transformation for the company’s largest sector, including business development and mergers and acquisitions.
He has served on multiple boards during his PepsiCo career, including Tropicana Brands Group and Celsius Holdings.
“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.”
Images courtesy Target
