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Stock impact report

FedEx CFO to leave in June [Yahoo! Finance]

FedEx Corporation (FDX) 
Last fedex corporation earnings: 3/17 04:03 pm Check Earnings Report
US:NYSE Investor Relations: fedex.com/us/investorrelations
Company Research Source: Yahoo! Finance
FedEx Corporation CFO John Dietrich will step down from the shipping firm's top finance seat effective June 1, the company announced in a Monday press release and securities filing. His departure will coincide with the spin-off of its FedEx Freight business, which offers “less-than-truckload” shipping to industrial customers, into its own publicly-traded entity, according to the release. Claude Russ, currently FedEx's enterprise vice president of finance, will step in as interim CFO also as of June 1, while the company “conducts a comprehensive internal and external search for a successor,” according to the release. Dietrich's resignation comes on the heels of FedEx Freight's inaugural investor day on April 8, where leadership laid out growth targets and revenue expectations for the soon-to-be independent business. The LTL company this year expects to generate $8.7 billion in revenue, as well as about $1.1 billion in adjusted operating income, FedEx Freight President and CEO John Show less Read more
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