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 PepsiCo Veteran Jim Lee As Finance Chief
Discount retailer Target Corp (NYSE:TGT) tapped PepsiCo, Inc‘s (NASDAQ:PEP) Jim Lee as its CFO and a member of its leadership team, effective 22. Lee brings over 25 years of experience in finance, strategy and more at PepsiCo.
Target Names Long-Time PepsiCo Exec as New Financial Chief
Target has named Jim Lee as its new CFO, effective Sept. 22, 2024. He takes over from COO Michael Fiddelke, who has held both titles since January.
Business People: Target Corp. taps veteran PepsiCo. exec as new CFO
OF NOTE Target Corp., Minneapolis, announced that Jim Lee has been named chief financial officer and a member of its leadership team effective Sept. 22. He succeeds Michael Fiddelke, who continues his duties as Target’s chief operating officer.
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.
America’s stores are winning the war on shoplifting
America’s stores declared a shoplifting epidemic. They closed stores in major cities, hired extra security, locked up key ...
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Target Names Chief Financial Officer
Lee succeeds Michael Fiddelke, Target’s chief operating officer.
Target slows shoplifting, but at a cost to the shopping experience
Minneapolis-based Target and several other retail chains this summer have shrunk their rate of shrink, the industry term for ...