Jim Lee

Executive Vice President and Chief Financial Officer Target

Last Reviewed: October 3, 2026

Executive Summary

Jim Lee has been Chief Financial Officer of Target since September 2024. Beyond the usual finance remit of planning, audit, investor relations, treasury, tax and risk, he is responsible for enterprise strategy, partnerships and corporate development, and for Target’s financial services. He came to Target after more than 25 years at PepsiCo, where he rose through finance, strategy and business roles to deputy chief financial officer, and where he sat on the boards of joint ventures and investments including Tropicana Brands Group and Celsius Holdings. The pairing of strategy and the CFO role at Target reflects that PepsiCo career, much of which was spent in strategy and transformation rather than pure finance.

Career Highlights

• Executive Vice President and Chief Financial Officer of Target since September 2024.
• Deputy Chief Financial Officer of PepsiCo, November 2023 to September 2024.
• Senior Vice President, Corporate Finance, at PepsiCo, 2022 to 2023.
• Chief Strategy and Transformation Officer of PepsiCo Beverages North America, 2019 to 2022.

Professional Journey

Lee earned a bachelor’s degree in operations research at Princeton University and an MBA at Columbia University. He then spent more than 25 years at PepsiCo in finance, business and strategy leadership roles, according to his Target biography.

From February 2019 to October 2022 he was chief strategy and transformation officer and a senior vice president of PepsiCo Beverages North America. He moved to corporate finance as senior vice president in October 2022 and became PepsiCo’s deputy chief financial officer in November 2023. Over his PepsiCo career he served on boards including Celsius Holdings, Tropicana Brands Group and the North America Coffee Partnership.

He joined Target as executive vice president and chief financial officer in September 2024. His remit covers corporate finance, enterprise strategy, enterprise partnerships and corporate development, and as the company’s chief financial steward he oversees financial planning and analysis, internal audit, compliance with accounting standards, investor relations, treasury, tax, risk management and financial services. He signs Target’s annual report alongside chief executive Michael Fiddelke.

He is one of eight executive officers on Target’s leadership team marked as subject to Section 16, and he took the CFO role as Fiddelke, who had been CFO from 2019, moved on to chief operating officer and then chief executive.

Target’s annual report describes a single-segment business selling through stores and digital channels, with stores fulfilling more than 97 percent of merchandise sales in each of the last three years. Its other notable revenue sources are advertising and credit card profit-sharing income, the latter tied to the financial services and partnerships that sit in his remit.

Education

Princeton University

Bachelor of Science, Operations Research

Columbia University

MBA