FedEx CFO to Resign June 1 After Freight Spin-Off, Stock Gained 38% Under Tenure
FedEx CFO John Dietrich will resign on June 1 once the FedEx Freight spin-off completes, remaining with the company until July 31. Enterprise vice president Claude Russ will serve as interim CFO as FedEx searches for a permanent successor while maintaining its FY2026 revenue and EPS outlook.
1. Departure Timeline and Context
FedEx announced that CFO John Dietrich will step down on June 1 upon successful completion of the FedEx Freight spin-off, and he will stay through July 31 to assist with transition and handover processes.
2. Interim Leadership
Claude Russ, currently enterprise vice president of finance, has been appointed interim CFO. Russ leads global financial planning and analysis and spearheads the Drive campaign aimed at eliminating structural waste across the network.
3. Dietrich’s Impact and Outlook
Since joining in August 2023, Dietrich drove Network 2.0 consolidation and cost-reduction initiatives that supported several quarters of profit growth and contributed to a 38% stock gain under his tenure. FedEx reaffirmed its FY2026 revenue growth target of 6.25% at midpoint and adjusted EPS range of $19.30 to $20.10.