FedEx Corp. has announced the appointment of John W. Dietrich, formerly the Chief Executive Officer of Atlas Air Worldwide, to Executive Vice President and Chief Financial Officer, effective Aug. 1, 2023. The company also announced strategic shifts within the Finance organization to further bolster its ongoing transformation.

As previously announced, Executive Vice President and Chief Financial Officer Michael C. Lenz will transition out of his role on July 31, 2023 and will remain with the company as a Senior Advisor until Dec. 31, 2023 to help ensure a smooth transition.

Raj Subramaniam, president and chief executive officer said :

“The evolution of our Finance leadership team is critical to our transformation as we continue to build a more intelligent, flexible and efficient network. I am pleased to welcome John to FedEx. He is an accomplished and seasoned leader in the transportation industry whose unique combination of financial and operational expertise is a strong complement to the existing executive leadership team at this important time for the company. His appointment, along with the other strategic changes within the Finance leadership team, will further strengthen our ability to generate efficiencies, improve margins, and enhance returns.”