U.S. retailer Target on Thursday named Jim Lee as its chief financial officer effective Sept. 22. Lee succeeds Michael Fiddelke, who took on the role as operations head at the start of the year. Lee has more than 25 years of financial,

Target on Thursday announced the appointment of longtime PepsiCo vet Jim Lee as its chief financial officer, one of several recent executive moves made by the Minneapolis-based retailer.

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.