Good morning. Target’s new CFO is the latest example of a top executive who has spent decades building a career at one company—and then leaping to a new one to go higher.
The CFO in question is Jim Lee, who will join the retailer and Fortune 50 company on Sept. 22 after a more than 25-year career at the multinational food and beverage company PepsiCo, where he most recently served as deputy CFO. He succeeds Michael Fiddelke, CFO and chief operations officer, who will take off his finance hat, and remain as COO. Fiddelke has been with Target for more than 20 years.
