Jim Lee Appointed CFO of Target Corporation

Target Corporation has appointed Jim Lee as its new Chief Financial Officer, effective September 22, succeeding Michael Fiddelke. Lee brings over 25 years of experience from PepsiCo, where he held various leadership roles, including deputy CFO, overseeing significant financial operations. His compensation package includes an $850,000 base salary, a $2.2 million sign-on bonus, and additional stock-based awards valued at $6.95 million. Lee will be responsible for Target's financial planning, analysis, internal audit, and corporate development. Target CEO Brian Cornell emphasized Lee's consumer-centric leadership and strategic expertise as crucial for the company's growth plans. This transition occurs as Target prepares for the holiday season amid a competitive retail landscape.