On September 19, 2024, Target Corporation announced Jim Lee's appointment as its new Chief Financial Officer. Key financial functions like planning, analysis, treasury, tax, investor relations, and corporate growth will fall under Lee's purview. He takes over as Target's Chief Operating Officer from Michael Fiddelke. Lee has over 25 years of expertise, most of which he gained at PepsiCo. He has held several financial leadership roles, deputy CFO being his most recent post. Brian Cornell, the CEO of Target, highlighted Lee's leadership and wealth of expertise, emphasizing his capacity to spearhead Target's sustainable, profitable expansion.
Target Corporation, based in Minneapolis, operates nearly 2,000 stores and its online platform, Target.com. Founded in 1946, the company is dedicated to serving families with a customer-centric approach and has built a reputation for its philanthropic efforts, giving 5% of its profits to communities. Lee expressed his excitement about joining Target, recognizing the company's strong foundation for long-term growth through its differentiated shopping experience and clear strategic direction. His global leadership experience, including roles in finance, business development, and strategy, positions him well to contribute to Target’s continued success.
