MINNEAPOLIS, Minn., United States, September 2024 — Target Corporation (NYSE: TGT) has officially announced the appointment of Jim Lee as its new Chief Financial Officer, effective September 22. Lee will also join Target’s executive leadership team, bringing his extensive experience to oversee key financial functions including financial planning, internal audit, accounting, investor relations, and corporate development.
Brian Cornell, Chair and CEO of Target, expressed confidence in Lee’s appointment, stating, “Jim’s broad experience in finance and strategy makes him an ideal leader to help propel Target’s long-term profitable growth. His consumer-centric approach and profound understanding of strategy, business development, and corporate governance will enhance our robust finance team.”
On stepping into his new role, Jim Lee shared his enthusiasm, “I’m excited to join a team and a brand that I have immense respect for. I look forward to diving into the retail industry and leveraging Target’s strong market position and innovative shopping experience to drive sustainable growth.”
Lee joins Target from PepsiCo, where he recently held the role of Deputy Chief Financial Officer. During his tenure, he was instrumental in overseeing global tax, treasury, and investor relations, and managing finance operations for PepsiCo’s international segments, which generate approximately $35 billion in revenue. Lee’s prior roles within PepsiCo have equipped him with a vast array of skills, from leading financial strategies for PepsiCo Beverages North America to spearheading business development and mergers and acquisitions as the Chief Strategy and Transformation Officer.
With a distinguished track record of leading financial teams and fostering growth across various geographies including North America, Europe, and Asia, Lee’s leadership is expected to reinforce Target’s financial strategy and operational excellence.
Target Corporation, based in Minneapolis, operates nearly 2,000 stores across the U.S. and manages extensive online services through Target.com. Founded in 1946, Target remains committed to connecting all families with the joy of everyday life, dedicating 5% of its profits to community initiatives, thereby enriching the lives and communities it serves.
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