Target Hires PepsiCo Veteran Jim Lee As Finance Chief
Target Hires PepsiCo Veteran Jim Lee As Finance Chief
Specifically, Lee will receive a cash sign-on bonus of $2.2 million, which is subject to repayment in the event of voluntary termination or termination for cause within the first 36 months of employment, and will be granted a sign-on award of restricted stock units under 2020 Long-Term Incentive Plan with a target payout value of $6.95 million.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.
折扣零售商Target Corp（紐交所:TGT）任命了百事可樂公司（納斯達克:PEP）的Jim Lee擔任CFO兼領導團隊成員，任命將於9月22日生效。
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.
在百事可樂的職業生涯中，Lee在財務、戰略等方面有着超過25年的經驗。Lee將接任COO Michael Fiddelke。Lee在百事可樂期間曾任多個董事會成員，包括Tropicana Brands Group和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.
與其任命有關，Lee將獲得年薪85萬美元的基本工資，並有資格參加Target的短期激勵計劃的按比例年度現金獎勵。
Specifically, Lee will receive a cash sign-on bonus of $2.2 million, which is subject to repayment in the event of voluntary termination or termination for cause within the first 36 months of employment, and will be granted a sign-on award of restricted stock units under 2020 Long-Term Incentive Plan with a target payout value of $6.95 million.
具體來說，Lee將獲得220萬美元的現金簽約獎金，如果在就業的前36個月內主動終止或因原因而終止，此金額將需要返還；並將根據2020年長期激勵計劃獲得限制性股票單位的簽約獎勵，目標支付價值爲695萬美元。
Target Chair and CEO Brian Cornell: "From his consumer centric leadership, to his strategy, business development and corporate governance experience, Jim will be a great addition to our leadership team as we focus on driving Target's roadmap for growth."
Target董事長兼CEO Brian Cornell表示：「從他以消費者爲中心的領導力到他的戰略、業務發展和公司治理經驗，Jim將成爲我們領導團隊的重要補充，我們將專注於推動Target的增長路線圖。」
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另請參閱：當沃爾瑪表現出色時，1美元店陷入困境的報道
The CFO transition coincides with the upcoming holiday season. The Walmart Inc (NYSE:WMT) rival wants to hire 100,000 seasonal workers despite a slower holiday season expectation as the inflation bites. However, the recent upward revision of the 2024 adjusted EPS outlook to $9.00-$9.70, up from $8.60-$9.60 following an upbeat second-quarter print, backs the hiring decision.
CFO的過渡與即將到來的假日季重疊。儘管節日季預期放緩導致通脹增加，但這家沃爾瑪公司（紐交所:WMT）的競爭對手仍打算僱傭10萬名臨時工。然而，考慮到第二季度業績報告樂觀，2024年調整後每股收益預期從8.60-9.60美元上調至9.00-9.70美元，支持了這一人員招聘決策。
Amazon.Com Inc (NASDAQ:AMZN) boosted the fulfillment and transportation employee and delivery driver pay for uninterrupted service ahead of the busy season. Walmart also raised compensation for 100,000 frontline associates.
亞馬遜公司（納斯達克:AMZN）提高了履行和運輸員工以及送貨司機的薪酬，以保證繁忙季節的連續服務。沃爾瑪也提高了10萬名一線員工的薪酬。
The U.S. Federal Reserve's plans to reduce the benchmark interest rate by 50 bps will likely pose a tailwind for the retailers.
美國聯邦儲備委員會計劃將基準利率下調50個點子，可能對零售商構成有利因素。
Price Action: TGT stock is up 1.50% to $155.90 premarket at last check Thursday.
價格走勢：TGt股票在上週四最新查詢時，盤前上漲1.50%，至155.90美元。
Photo via Shutterstock
圖片來自shutterstock。
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譯文內容由第三人軟體翻譯。