FedEx CFO Dietrich to Step Down After Spinoff of Freight Unit

FedEx Corp. Chief Financial Officer John Dietrich will step down after the courier completes a planned spinoff of its freight division into a standalone company.

Dietrich will vacate the role on June 1 and leave the company on July 31, FedEx said Monday in a statement. Claude Russ, FedEx’s enterprise vice president of finance, will serve as interim CFO while the company conducts a “comprehensive internal and external search for a successor.”