Target appoints Jim Lee as chief financial officer

Target Corporation announced on Thursday the appointment of Jim Lee as its new chief financial officer.

In this role, effective September 22, 2024, Lee will join Target’s leadership team, where he will oversee a broad range of financial functions, including financial planning and analysis, internal audit, accounting, investor relations, treasury, tax, risk management, and corporate development.

He succeeds Michael Fiddelke, Target’s current 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.”      

Lee joins Target after more than 25 years with PepsiCo, where he most recently served as deputy chief financial officer. In that role, he was responsible for global tax, treasury, investor relations, and environmental, social, and governance (ESG) reporting, as well as leading finance teams for PepsiCo’s international business, which generates approximately $35 billion in annual revenue.

Prior to that, he served as senior vice president, finance, of PepsiCo Beverages North America. He also served as chief strategy and transformation officer.

“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,” added 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.”