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 September 22.
Lee brings over 25 years of experience in finance, strategy and more at PepsiCo. Lee will take over from COO Michael Fiddelke. Lee has served on multiple boards during his PepsiCo career, including Tropicana Brands Group and Celsius Holdings.
In connection with his appointment, Lee will receive an annual base salary of $850,000, will be eligible for a pro-rated annual cash incentive under Target's Short-Term Incentive Plan.
Specifically, Lee will receive a cash sign-on bonus of $2.2 million, which ...
