01—Abstract
Summary
Summary of the 8-K filed April 13, 2026. Cited figures are marked; the original filing is the authoritative source.
FedEx Corporation has announced a significant change in its senior leadership, with Executive Vice President and Chief Financial Officer John W.
Dietrich stepping down from his CFO role on June 1, 2026, and departing the company entirely on July 31, 2026. The company has stated that Mr. Dietrich's departure is amicable and not due to any disagreements concerning financial controls, statements, operations, policies, or practices. A separation and release agreement is anticipated, with further details to be filed in an amendment to this 8-K.
In response to this transition, the Board of Directors has appointed Claude F. Russ, currently Enterprise Vice President, Finance, as Interim Chief Financial Officer, effective June 1, 2026.
Mr. Russ will maintain his existing responsibilities while serving in this interim capacity. FedEx will undertake both internal and external searches to identify a permanent successor for the CFO position.
02—Key points
Key Highlights
- John W. Dietrich, Executive Vice President and CFO, is stepping down from his CFO role on June 1, 2026, and will leave FedEx on July 31, 2026.
- Mr. Dietrich's departure is not related to any disputes regarding the company's financial matters or operations.
- Claude F. Russ has been appointed Interim Chief Financial Officer, effective June 1, 2026.
- Mr. Russ will continue to serve in his current role as Enterprise Vice President, Finance, while acting as Interim CFO.
- FedEx will conduct a comprehensive search for a permanent CFO successor.
- Interim CFO Claude F. Russ will receive a monthly cash payment of $25,000 and a $50,000 restricted stock unit award vesting over three years.
- Mr. Russ has extensive experience within FedEx, holding various senior finance and leadership positions since 2002.
03—Questions
Frequently Asked Questions
Why is John W. Dietrich leaving FedEx?
John W. Dietrich is stepping down as CFO and will depart the company. FedEx states this departure is not due to any disagreements concerning the company's financial controls, statements, operations, policies, or practices. A separation and release agreement is expected.
Who will serve as the new CFO?
Claude F. Russ has been appointed as the Interim Chief Financial Officer, effective June 1, 2026. FedEx will also be conducting a search for a permanent successor.
Will Claude F. Russ's compensation change?
Yes, Mr. Russ will receive additional compensation for his role as Interim CFO, including a monthly cash payment of $25,000 and a one-time special award of restricted stock units valued at $50,000, which will vest over three years.
What is Claude F. Russ's background?
Claude F. Russ has a long tenure at FedEx, starting in 2002. He has held various senior finance and leadership roles, including Enterprise Vice President, Finance, Corporate Vice President of Finance and Transformation, and leadership positions at FedEx Dataworks and FedEx Freight.
04—Continue