Target Names Jim Lee Chief Financial Officer
Target (NYSE: TGT) has announced the appointment of Jim Lee as its new Chief Financial Officer, effective September 22, 2024. Lee, with over 25 years of experience at PepsiCo, will oversee Target's finance function and join its leadership team. He succeeds Michael Fiddelke, Target's chief operating officer.
Lee's responsibilities will include financial planning and analysis, accounting, investor relations, treasury, tax, risk, and corporate development. His extensive experience includes roles as PepsiCo's deputy CFO and leadership positions in various international markets. Target's CEO, Brian Cornell, expressed confidence in Lee's ability to drive the company's long-term profitable growth.
Target (NYSE: TGT) ha annunciato la nomina di Jim Lee come nuovo Chief Financial Officer, a partire dal 22 settembre 2024. Lee, con oltre 25 anni di esperienza in PepsiCo, sovrintenderà alla funzione finanziaria di Target e entrerà a far parte del suo team dirigenziale. Succede a Michael Fiddelke, COO di Target.
Le responsabilità di Lee includeranno la pianificazione e l'analisi finanziaria, la contabilità, le relazioni con gli investitori, il tesoro, la tassazione, la gestione del rischio e lo sviluppo aziendale. La sua vasta esperienza comprende ruoli come vice CFO di PepsiCo e posizioni di leadership in vari mercati internazionali. Il CEO di Target, Brian Cornell, ha espresso fiducia nella capacità di Lee di favorire la crescita redditizia a lungo termine dell'azienda.
Target (NYSE: TGT) ha anunciado el nombramiento de Jim Lee como su nuevo Chief Financial Officer, a partir del 22 de septiembre de 2024. Lee, con más de 25 años de experiencia en PepsiCo, supervisará la función financiera de Target y se unirá a su equipo de liderazgo. Sucede a Michael Fiddelke, COO de Target.
Las responsabilidades de Lee incluirán la planificación y el análisis financiero, la contabilidad, las relaciones con los inversores, la tesorería, impuestos, riesgo y desarrollo corporativo. Su amplia experiencia incluye roles como vice CFO de PepsiCo y posiciones de liderazgo en varios mercados internacionales. El CEO de Target, Brian Cornell, expresó confianza en la capacidad de Lee para impulsar el crecimiento rentable a largo plazo de la empresa.
타겟 (NYSE: TGT)이 짐 리를 새로운 최고 재무 책임자로 임명했다고 발표했습니다. 2024년 9월 22일부터 시행됩니다. 25년 이상의 페프시코 경험을 가진 리는 타겟의 재무 기능을 감독하고 리더십 팀에 합류합니다. 그는 타겟의 COO인 마이클 피델케를 잇습니다.
리의 책임에는 재무 계획 및 분석, 회계, 투자자 관계, 재무, 세금, 위험 및 기업 개발이 포함됩니다. 그의 광범위한 경험에는 페프시코의 부 CFO와 여러 국제 시장에서의 리더십 역할이 포함됩니다. 타겟의 CEO인 브라이언 코너는 리가 회사의 장기적인 수익성 있는 성장을 이끌 수 있다고 확신하고 있다고 밝혔습니다.
Target (NYSE: TGT) a annoncé la nomination de Jim Lee en tant que nouveau Directeur financier, à compter du 22 septembre 2024. Lee, fort de plus de 25 ans d'expérience chez PepsiCo, supervisera la fonction financière de Target et rejoindra son équipe dirigeante. Il succède à Michael Fiddelke, le directeur des opérations de Target.
Les responsabilités de Lee incluront la planification et l'analyse financières, la comptabilité, les relations avec les investisseurs, la trésorerie, la fiscalité, la gestion des risques et le développement d'entreprise. Son vaste parcours inclut des postes de directeur financier adjoint chez PepsiCo et des rôles de leadership sur divers marchés internationaux. Le PDG de Target, Brian Cornell, a exprimé sa confiance dans la capacité de Lee à favoriser la croissance rentable à long terme de l'entreprise.
Target (NYSE: TGT) hat die Ernennung von Jim Lee zum neuen Chief Financial Officer bekannt gegeben, die am 22. September 2024 in Kraft tritt. Lee, der über 25 Jahre Erfahrung bei PepsiCo verfügt, wird die Finanzabteilung von Target leiten und dem Führungsteam beitreten. Er folgt auf Michael Fiddelke, den COO von Target.
Lees Verantwortlichkeiten umfassen Finanzplanung und -analyse, Buchhaltung, Investor Relations, Treasury, Steuern, Risikomanagement und Unternehmensentwicklung. Seine umfangreiche Erfahrung umfasst Positionen als stellvertretender CFO von PepsiCo sowie Führungspositionen in verschiedenen internationalen Märkten. Der CEO von Target, Brian Cornell, äußerte Vertrauen in Lees Fähigkeit, das langfristige profitable Wachstum des Unternehmens voranzutreiben.
- Appointment of Jim Lee, an experienced finance leader with 25+ years at PepsiCo
- Lee's extensive experience in finance, strategy, and business development
- Lee's background in managing large-scale operations ($35 billion in revenue at PepsiCo's international business)
- Potential for fresh perspectives and strategies in Target's finance function
- None.
Insights
The appointment of Jim Lee as Target's new CFO is a neutral development for the company. While Lee brings extensive experience from PepsiCo, a transition in the CFO role is not uncommon and doesn't necessarily signal a significant shift in financial strategy. His background in consumer-centric leadership and strategy could potentially benefit Target, but it's too early to determine any concrete impact. Investors should monitor for any changes in financial reporting or strategic initiatives in the coming quarters to gauge Lee's influence. The market typically views such high-level transitions cautiously, so we might see short-term stock price volatility as the market assesses this change.
This leadership change at Target is mildly positive from a market perspective. Jim Lee's experience at PepsiCo, particularly in overseeing international business with
- A highly skilled leader with more than 25 years of financial, strategy and business experience at PepsiCo, Lee will oversee Target's finance function and join its leadership team
- Lee succeeds Michael Fiddelke, Target's chief operating officer
"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, Target. "With decades leading core finance functions and nurturing growth, Jim will complement the strong and tenured leadership currently in place on our finance team. From his consumer centric leadership, to his strategy, business development and corporate governance experience, Jim will be a great addition to our leadership team as we focus on driving Target's roadmap for growth."
"I'm excited to join a team and a brand that I have so much respect for, and I'm eager to get immersed in the retail industry," said Lee. "With a clear strategy, a differentiated shopping experience and a brand that consumers love, Target's competitive advantages are a strong foundation for long-term growth."
Lee brings more than 25 years of experience in finance, strategy, team and culture leadership at PepsiCo. Most recently as the company's deputy chief financial officer, he oversaw its global tax, treasury, investor relations and environmental, social and governance reporting functions, and led the finance teams for PepsiCo's international business, comprising approximately
During his career, Lee has led global teams in a wide range of business development and finance functions across
Jim has served on multiple boards during his PepsiCo career, including Tropicana Brands Group and Celsius Holdings.
A Q&A with Lee is available on Target's corporate website.
About Target
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SOURCE Target Corporation
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