Former chief executive of Atlas Air, John W. Dietrich has joined FedEx Corp as executive vice president and chief financial officer, effective August 1, 2023.
The current 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 December 31, 2023 to help ensure a smooth transition.
Dietrich held numerous leadership roles at Atlas Air Worldwide since 1999, including serving as President and Chief Executive Officer, and member of the Board of Directors since 2020. He has more than 30 years of experience in the aviation and air cargo industries. Dietrich was appointed President of Atlas Air Worldwide in 2019 and served as COO with responsibility for all aspects of the company’s global operations from 2006 until assuming the CEO position in 2020
FedEx has made some more changes in the financial organization. Jennifer L. Johnson, corporate vice president and principal accounting officer, will assume an expanded role with the consolidation of the company’s international accounting teams into one global organization under her responsibility.
Leslie M. Benners, senior vice president of finance and former chief financial officer of FedEx Office and FedEx Services, will now lead sourcing and procurement efforts with a globally consolidated team, providing greater focus on driving efficiencies to reduce the cost base across the enterprise.
Claude F. Russ, currently COO of FedEx Dataworks and former CFO of FedEx Freight, will join the corporate Finance team as Corporate Vice President of Finance Transformation to provide oversight and accountability for the execution and measurement of enterprise financial objectives.
“I am thrilled to be joining the FedEx team to support and advance DRIVE and other important corporate initiatives to foster greater efficiencies, manage costs, and provide innovative solutions that benefit the entire organization,” Dietrich said. “Together, we will deliver on the tremendous opportunity FedEx has to expand margins and improve returns as we build off a lower cost base, which will deliver significant long-term value for our stockholders. And we will do this while continuing to provide the outstanding level of service that is synonymous with the FedEx brand.”
In their new and expanded roles, Johnson, Benners, and Russ will report to Dietrich along with a deep bench of other senior finance leaders overseeing areas that include Treasury, Tax, Internal Audit, and Financial Planning & Analysis.
“The evolution of our Finance leadership team is critical to our transformation as we continue to build a more intelligent, flexible and efficient network,” said Raj Subramaniam, president and chief executive officer. “I am pleased to welcome John to FedEx.”