Management ChangeMay 8, 2026, 05:07 PM
FedEx CFO John W. Dietrich Departs; Receives $2.2M Separation Payment
AI Summary
FedEx Corporation announced the details of the separation agreement with John W. Dietrich, who will step down as Executive Vice President and Chief Financial Officer on June 1, 2026, with his last day of employment being July 31, 2026. The agreement, entered into on May 7, 2026, includes a cash payment of $2,209,276, covering his base salary and target bonus. Additionally, FedEx will provide transition services and reimburse 2026 income tax preparation costs. The agreement also contains confidentiality, non-compete, and mutual non-disparagement provisions, alongside a general release of claims.
Key Highlights
- John W. Dietrich steps down as Executive Vice President and CFO, effective June 1, 2026.
- His last day as an employee of FedEx Corporation will be July 31, 2026.
- Mr. Dietrich will receive a cash payment of $2,209,276, equal to one times his current base salary and target bonus.
- FedEx will cover costs for transition services and 2026 income tax return preparation.
- The agreement includes confidentiality, non-compete, and mutual non-disparagement clauses.
- Mr. Dietrich is eligible for payouts under the fiscal 2026 annual incentive plan and prorated long-term incentive plans.
- Vesting and exercise rights for stock options, restricted stock, and performance stock units are governed by the 2019 Omnibus Stock Incentive Plan.
Price Impact
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