Summary
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.
Key Highlights
- 1John 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.
- 2Mr. Dietrich's departure is not related to any disputes regarding the company's financial matters or operations.
- 3Claude F. Russ has been appointed Interim Chief Financial Officer, effective June 1, 2026.
- 4Mr. Russ will continue to serve in his current role as Enterprise Vice President, Finance, while acting as Interim CFO.
- 5FedEx will conduct a comprehensive search for a permanent CFO successor.
- 6Interim 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.
- 7Mr. Russ has extensive experience within FedEx, holding various senior finance and leadership positions since 2002.