Overview
- FedEx said CFO John W. Dietrich will leave the role on June 1 upon the successful separation of FedEx Freight.
- He will stay with the company through July 31 to support the transition.
- Claude Russ will serve as interim CFO starting June 1, bringing 24 years of FedEx finance and operations experience, including a stint as FedEx Freight CFO.
- The company said the Freight spinoff remains on track for June 1 but still needs final board approval and other customary closing steps.
- FedEx expects a tax‑free U.S. spinoff with the new shares set to trade on the NYSE as FDXF, and it reaffirmed fiscal 2026 guidance of $19.30–$20.10 adjusted EPS and about $93.2–$93.6 billion in revenue, while FedEx Freight set medium‑term goals of 4%–6% annual sales growth and over $1 billion in free cash flow.