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Apr 14, 2026 8:01 AM

FedEx CFO To Step Down As Freight Spins Off

FedEx Corporation (NYSE:FDX) on Monday disclosed that Chief Financial Officer John W. Dietrich will step down on June 1, 2026.

CFO John Dietrich Steps Down

John Dietrich’s departure is set to take effect after the successful spinoff of FedEx Freight on June 1.

Claude Russ will step in as interim CFO while the company searches for a permanent replacement. Russ leads FedEx’s global FP&A and finance initiatives for its DRIVE transformation.

Over his 24-year tenure, he has held key roles including COO of FedEx Dataworks, SVP of Revenue Management, and CFO of FedEx Freight, supported by an experienced finance team.

FedEx also reaffirmed its fiscal year 2026 outlook and long-term targets shared during its Investor Day in February.

FedEx Freight Spinoff

Last week, FedEx disclosed that it is on track to conclude the spinoff on June 1. It still requires final board approval and other customary conditions.

The spinoff is expected to be tax-free for U.S. federal income tax purposes. Shares are set to list on the NYSE under the ticker “FDXF.”

FedEx Freight also outlined medium-term financial targets, projecting 4%–6% annual ...

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