By Katherine Hamilton
FedEx appointed a chief executive and board chairman for its planned less-than-truckload spinoff FedEx Freight.
The transportation and delivery company on Monday said FedEx Freight's chief executive will be John Smith, who has been serving as chief operating officer of U.S. and Canada ground operations for FedEx. The spinoff's board chairman is set to be R. Brad Martin, who has been working as vice chairman of the FedEx Corp. board of directors.
Both appointments will be effective upon the spinoff's completion, which is still on track to happen in June 2026, FedEx said.
Smith will continue in his current role until the separation. He has been a member of the FedEx Freight team for 25 years and served as the segment's chief executive from 2018 to 2021.
Martin is expected to remain on the FedEx Corp. board while also serving as FedEx Freight chair.
FedEx Freight is the U.S.'s largest less-than-truckload operator with more than 30,000 vehicles and 350 facilities in North America. The division has annual revenue of more than $9 billion.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
05-19-25 1657ET
