Why Target poached a top PepsiCo exec to be its new CFO
For the CFO role at Target, Lee will receive an annual base salary of $850,000 and a cash sign-on bonus of $2.2 million, according to an SEC filing. Not only is Lee coming from PepsiCo, another Fortune 50 company, his international experience was most likely also appealing to the board, Rulke said.
Target Has a New CFO. Watch the Groceries Business.
Target stock was rising Thursday after the company said it has tapped a former PepsiCo executive to become its new chief financial officer. Jim Lee will succeed Michael Fiddelke as CFO starting Sunday.
Target names PepsiCo exec as new chief financial officer
Jim Lee, the former deputy chief financial officer for Pepsi, will officially start in his new role next week, replacing Michael Fiddelke, who will then fully assume the role of chief operating officer, a job opening left by departing longtime executive John Mulligan, who is retiring, according to a Thursday morning release, .
Target Names PepsiCo’s Jim Lee as Finance Chief
The new chief financial officer will join the retailer on Sept. 22 after more than 25 years at the drinks maker, where he most recently served as deputy CFO.
Target names PepsiCo executive Jim Lee CFO
He replaces Michael Fiddelke, who had served jointly as COO and CFO since February. Fiddelke will stay on as operations chief.
Target hires Pepsi executive Jim Lee as new CFO
Target Corp. has named a new chief financial officer. Like Target CEO Brian Cornell, the new CFO has a background at PepsiCo, the food and beverage company.
Target Hires PepsiCo Veteran Jim Lee As Finance Chief
Target named PepsiCo's Jim Lee as CFO and member of leadership team starting Sep. 22. Specifically, Lee will receive a cash sign-on bonus of $2.2 million.
Target Appoints Jim Lee As CFO
Target Corp. (TGT) announced the appointment of Jim Lee as chief financial officer, effective September 22, 2024. He
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CFOs On the Move: Week ending Sept. 20
Target names a PepsiCo exec as CFO, Wiley’s chief financial officer to leave and AIG appoints a new finance chief.
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Shuffle Board: Fair Trade Founder Departs, Target Names CFO
He succeeds Michael Fiddelke, Target’s chief operating officer who served as the retailer’s CFO since 2019 and will ...
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Target Names Chief Financial Officer
Lee succeeds Michael Fiddelke, Target’s chief operating officer.
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Target names former PepsiCo exec Jim Lee as new chief financial officer
He will succeed Michael Fiddelke, Target's chief operating officer. Lee says he's "excited" to join a brand and team he has respect for and is "eager to be immersed in the retail industry." Brian ...