FedEx Corp. announced that John W. Dietrich will step down as chief financial officer on June 1, 2026, upon successful completion of the spin-off of FedEx Freight into a new publicly traded company. He will remain with the company until July 31, 2026.

Claude Russ, FedEx enterprise vice president, Finance will serve as interim CFO, effective June 1, 2026, as the company conducts a comprehensive internal and external search for a successor. In Russ? current role, he leads the FedEx Global Financial Planning and Analysis team as well as the finance initiatives within the company?s DRIVE transformation.

With 24 years of experience at FedEx, he has served in a variety of leadership positions including COO of FedEx Dataworks, senior vice president of Revenue Management at FedEx Services, and CFO of FedEx Freight.