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FedEx CFO John Dietrich to Depart After Freight Spinoff
Claude Russ Named Interim Finance Chief as Company Reaffirms 2026 Guidance
FedEx Corp. Chief Financial Officer John Dietrich will step down after the courier completes a planned spinoff of its freight division into a stand-alone company.
Dietrich will vacate the role on June 1 and leave the company on July 31, FedEx said April 13 in a statement. Claude Russ, FedEx’s enterprise vice president of finance, will serve as interim CFO while the company conducts a “comprehensive internal and external search for a successor.”
The move shakes up FedEx’s top ranks as the company executes a major transformation by spinning off the freight unit and merging its historically separate ground and express delivery businesses into one operating company. FedEx reaffirmed its fiscal 2026 financial guidance and previously disclosed 2029 targets as part of the April 13 announcement.
FedEx shares were little changed after regular trading in New York. The stock has jumped 29% this year.
RELATED: FedEx Freight Eyes Market Share Gains as Stand-Alone Carrier
FedEx Freight ranks No. 1 on the Transport Topics list of the largest less-than-truckload carriers in North America. Parent company FedEx Corp. ranks No. 2 on TT’s Top 100 list of the largest for-hire carriers in North America and No. 3 on TT's Top 50 global freight companies list.
FedEx Logistics ranks No. 43 on the TT Top 100 list of the largest logistics companies in North America.
