FedEx appoints new finance chief as leadership reshuffle continues
FedEx names Jamere Jackson as chief financial officer, with the appointment taking effect on November 30. The move follows recent finance leadership changes at the package delivery company after the departure of its previous CFO and the spinoff of FedEx Freight into a publicly traded company.
Highlights
- FedEx appointed Jamere Jackson as chief financial officer effective November 30, following his resignation from AutoZone on November 25.
- Jackson succeeds Claude Russ, who has served as interim finance chief since June 1 after John Dietrich's departure.
- FedEx's leadership changes follow the spinoff of FedEx Freight into a publicly traded company as the firm reorganizes post-separation.
Finance leadership transition takes shape
As reported by Reuters, FedEx appointed Jamere Jackson as chief financial officer on Monday, effective November 30.Jackson is set to step down as CFO of AutoZone on November 25. During his six-year tenure at the automotive parts retailer, he helped shape strategies that supported record sales and earnings, according to AutoZone CEO Phil Daniele.
At FedEx, Jackson succeeds Claude Russ, who has served as interim finance chief since June 1.
Management changes follow freight spinoff
Russ took over the interim role after John Dietrich stepped down following FedEx Freight's spinoff into a publicly traded company.The appointment gives FedEx a permanent finance leader as the company continues to adjust its management structure after the separation of its freight business.
Our previous coverage of executive pay trends at South Africa’s JSE Top 200 companies highlighted a sharp rise in CEO and CFO remuneration, driven mainly by fast-growing short- and long-term incentive payouts. We also noted that new Companies Act rules are increasing scrutiny by requiring pay-ratio disclosures and introducing binding shareholder votes on remuneration that can affect board committee roles.
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