The Art of Poaching: A New CFO Joins the Ranks

In the world of high-stakes business, the game of musical chairs is always in play. Companies are constantly on the lookout for top-notch talent to fill key positions, and executives are always looking to level up their careers. In a recent development, Jim Lee, a seasoned finance veteran with over 25 years of experience at PepsiCo, has made the leap to become the new CFO of Target. As he takes on this new role, Lee brings with him a wealth of knowledge and expertise, having led global teams in business development and finance functions across North America, Europe, and Asia.Lee's appointment comes on the heels of a trend that is becoming increasingly common: top executives leaving their long-time companies to take on new challenges. According to Diane Rulke, a professor of organizational behavior at Carnegie Mellon University's Tepper School of Business, this trend is a sign of the times. "It's become more common for executives to move after they've spent decades at one company," she notes. "They prove themselves in one role for a prolonged period of time, and then they move on to the next role or next job with different challenges. " For Jim Lee, this new role presents an exciting opportunity to bring his skills and expertise to a new industry. As he takes on the challenge of leading Target's finance team, he will be tasked with navigating the complexities of retail and driving growth for the company. With his extensive experience in global finance and business development, Lee is well-equipped to tackle this new challenge and help Target achieve its goals.