FedEx taps AutoZone executive to be finance chief

FedEx announced on Monday the appointment of AutoZone executive Jamere Jackson as its new chief financial officer, set to start on November 30. Jackson replaces Claude Russ, who had served as interim CFO since June 1 following John Dietrich's departure. Jackson most recently led finance and store development at AutoZone, where he held the CFO role since January 2021.

FedEx highlighted Jackson's skill set as a combination of disciplined financial management, thoughtful capital allocation, and operational experience to support business growth. AutoZone CEO Phil Daniele expressed appreciation for Jackson's contributions to AutoZone's success during his six-year tenure. Prior to AutoZone, Jackson served as executive vice president and CFO of Hertz Global Holdings and as CFO of Nielsen Holdings.

He also held various leadership roles at General Electric, including CFO of a division of GE Oil and Gas. Currently, Jackson serves on the board of Eli Lilly & Co, where he chairs the Audit Committee. FedEx, a Fortune 100 company and a leading indicator of the U.S. economy and global trade, is currently implementing its Network 2.0 strategy to consolidate its Ground and Express networks and streamline airline operations during a challenging period for supply chains due to high fuel prices from the Iran war and global tariffs.

FedEx reported strong results for the fiscal year fourth quarter ending May 1, with revenue growth of 9% to $94.7 billion and adjusted operating income increase of 17%. This represents the highest adjusted operating margin in four years. Dietrich joined FedEx as CFO in August 2023, where he has played a key role in implementing initiatives such as eliminating structural costs, restructuring the airline, and planning the spin off of FedEx Freight, contributing to solid profit growth. Dietrich recently joined the board of American Airlines in July.