Target Names PepsiCo's Jim Lee as Its New CFO

Target, the Minneapolis-based retail giant, has appointed Jim Lee, a seasoned finance executive from PepsiCo, as its new chief financial officer (CFO). Lee's extensive experience in finance, strategy, and international business at PepsiCo is expected to bring valuable insights and expertise to Target, potentially driving the retailer's financial strategy and growth prospects.

Lee spent more than 25 years at PepsiCo, serving in various leadership roles, including his most recent position as deputy chief financial officer. In this role, he oversaw the finance teams for PepsiCo's international business, which comprised about $35 billion in revenue, and led the company's global tax, treasury, investor relations, and environmental, social, and governance (ESG) reporting functions. Lee's deep understanding of the consumer products industry and his experience managing complex financial operations are likely to contribute significantly to Target's success.

In conclusion, Target's appointment of Jim Lee as its new CFO signals a commitment to driving financial growth and strengthening the retailer's competitive position. Lee's extensive experience in finance, strategy, and international business at PepsiCo is likely to bring valuable insights and expertise to Target, potentially driving the retailer's financial strategy and growth prospects. As Lee settles into his new role, it will be interesting to see how he navigates the unique challenges and opportunities of the retail sector and contributes to Target's ongoing success.