Target ( (TGT) ) has shared an update.
Jim Lee has joined Target Corporation as the new Executive Vice President and Chief Financial Officer, bringing extensive experience from his former leadership roles at PepsiCo. His compensation package includes an $850,000 base salary, the potential for an equal annual cash incentive, $1.5 million in stock-based awards, and a $2.2 million sign-on bonus paired with $6.95 million in restricted stock units that vest over three years. Lee’s role is at-will, with no fixed term, and includes additional benefits and a severance arrangement should his employment end involuntarily.
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