MINNEAPOLIS — Minneapolis-based retailer Target announced Thursday that Jim Lee has been named its new chief financial officer and member of its leadership team.
Lee has more than 25 years of experience at PepsiCo, where he most recently served as the company’s deputy chief financial officer. He succeeds Michael Fiddelke, Target’s chief operating officer.
Lee says he is “excited” to join a brand and team he respects and is “looking forward to delving into retail.”
Brian Cornell, chairman and CEO of Target, called Lee a “successful leader” in both strategy and finance.
“Jim will oversee the central role our finance team plays in driving our long-term profitable growth,” Cornell said. “With decades of leading core finance functions and nurturing growth, Jim will complement the strong and experienced leadership currently on our finance team. From his consumer-focused leadership to his experience in strategy, business development and corporate governance, Jim will be a tremendous addition to our leadership team as we focus on driving Target’s growth roadmap.”
Lee’s new position begins on Sunday.
The retailer recently announced plans for the holiday season, including an intention to employ approximately 100,000 seasonal workers. The shop car seat trade-in event is also taking place now and will last until September 28.
Target has nearly 1,963 stores in the U.S. and two corporate campuses in the Twin Cities.