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Fedex Cfo John Dietrich to Step Down
Claude Russ, a 24-year FedEx veteran, will serve as interim CFO while the board searches for Dietrich’s successor.
- On Monday, FedEx announced that Chief Financial Officer John Dietrich will step down on June 1, following the upcoming spinoff of FedEx Freight into a separate, publicly traded company.
- FedEx began the spinoff of its freight trucking division in December 2024 to focus on core delivery operations, with the divestiture expected to be completed by June 2026.
- Claude Russ, FedEx enterprise vice president of finance, will serve as interim CFO while the board searches for a successor, bringing 24 years of experience at FedEx.
- "I am confident that Claude's wealth of experience will ensure seamless continuity," said Raj Subramaniam, president and chief executive officer of FedEx Corporation, thanking Dietrich for his contributions.
- Projecting earnings between $19.30 and $20.10 per share, FedEx reaffirmed its adjusted profit forecast for the fiscal year ending May 31, citing strength in its higher-margin Express segment.
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The parcel delivery company said Dietrich will no longer serve as executive vice president and chief financial officer as of June 1st.
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Coverage Details
Total News Sources12
Leaning Left1Leaning Right2Center6Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
11%
C 67%
R 22%
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