FedEx executive vice president and chief financial officer John Dietrich is set to step down from his role on 1 June, once the spin-off of FedEx Freight into a separate publicly traded company has been successfully completed.
Although he will leave the CFO position in early June, Dietrich will remain with the company until 31 July.
During the transition period, Claude Russ, FedEx enterprise vice president of finance, will take on the role of interim chief financial officer while the company searches for a permanent replacement.
In his current role, Russ leads FedEx’s global financial planning and analysis function and oversees finance initiatives linked to the company’s DRIVE transformation programme.
He brings 24 years of experience within FedEx and has held a number of senior leadership positions, including chief operating officer of FedEx Dataworks, senior vice president of revenue management at FedEx Services, and chief financial officer of FedEx Freight.
Raj Subramaniam, president and chief executive of FedEx, thanked Dietrich for his contribution to the leadership team during what he described as a major period of transformation for the company, including the upcoming separation of the Freight business.
Subramaniam said he was confident that Russ’s experience would provide continuity as FedEx moves ahead with its strategy and the search for Dietrich’s successor.
FedEx first announced in December 2024 that FedEx and FedEx Freight would be separated into two public companies.
