Target Names Long-Time PepsiCo Exec as New Financial Chief

Target has named Jim Lee as its new CFO, effective Sept. 22, 2024. Lee will be responsible for financial planning and analysis, internal audit, accounting, investor relations, financial products and services and corporate development. He takes over from COO Michael Fiddelke, who has held both titles since January.

Lee brings more than 25 years of experience in finance, strategy, team and culture leadership at PepsiCo, most recently as the company’s deputy CFO. In that position he led the finance teams for PepsiCo’s international business, comprising approximately $35 billion in revenue. He has led global teams in business development and finance functions across North America, Europe and Asia, and served as Chief Strategy and Transformation Officer of PepsiCo Beverages North America.

“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 in a statement. “With decades leading core finance functions and nurturing growth, Jim will complement the strong and tenured leadership currently in place on our finance team.”