Investing
FedEx names former Atlas Air CEO to be its next CFO
© Reuters.
Investing.com — FedEx Corporation (NYSE:) shares dipped after the logistics giant named John Dietrich as chief financial officer, starting Aug. 1.
Dietrich is a former CEO of cargo airline Atlas Air Worldwide (NASDAQ:). His appointment comes amid other shifts in FedEx’s finance group to help advance its ongoing transformation, the company said.
FedEx shares dipped 1% on Monday but are up 47% so far this year.
Dietrich is succeeding Michael C. Lenz, who previously announced plans to leave and who will transition out of his role on July 31. Lenz will stay as senior advisor until the end of the year.
FedEx CEO Raj Subramaniam said Dietrich “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.”
Dietrich held numerous leadership roles at Atlas Air Worldwide since 1999, including CEO. He has more than 30 years of experience in the aviation and air cargo industries, FedEx said.
Read the full article here
-
Side Hustles7 days ago
Mark Zuckerberg Is Now Second Richest Person in the World
-
Investing7 days ago
Nvidia CEO Jensen Huang: Demand For Blackwell AI Is Insane
-
Side Hustles7 days ago
Meta Previews Movie Gen, AI Tools That Turn Dreams to Videos
-
Investing5 days ago
Hurricane Helene Hits Spruce Pine Mine, Quartz Used for Tech
-
Side Hustles6 days ago
5 Key Strategies for a Seamless Cloud Migration
-
Investing6 days ago
Israel stocks lower at close of trade; TA 35 down 0.23% By Investing.com
-
Passive Income6 days ago
Go Paperless with the PDF Reader Pro for $49.99
-
Investing7 days ago
BCA says investors should fade the real estate rally By Investing.com