Omnichannel

Target taps Jim Lee as CFO

Photo: Courtesy of Target

September 26, 2024

Jim Lee has been named CFO and a member of the leadership team at Target.

Lee succeeds Target COO Michael Fiddelke. In his new role he 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, according to a press release.

"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," Brian Cornell, chair and CEO, said in the release. "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," Lee said in the release. "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. 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.