Dietrich will take over from Michael Lenz, who will leave his role on 31 July and remain with FedEx as a Senior Advisor until 31 December to make a smooth transition.
The appointment of Dietrich is part of a number of changes within the financial leadership with new roles for Jennifer Johnson, Leslie Benners and Claude Russ.
Johnson, Corporate Vice President and Principal Accounting Officer, has assumed an expanded role by consolidating all the international accounting teams into one global organisation.
Benners, Senior Vice President of Finance and former CFO of FedEx Office and FedEx Services will lead sourcing and procurement with a global consolidated team.
Russ, COO of FedEx Dataworks and former CFO FedEx Freight is joining the corporate finance team as Corporate Vice President of Finance Transformation to provide oversight and accountability for executing and measuring enterprise financial objectives.
Welcoming Dietrich to FedEx, President and CEO Raj Subramaniam says, “He 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. His appointment, along with the other strategic changes within the finance leadership team, will further strengthen our ability to generate efficiencies, improve margins, and enhance returns.”
Dietrich held leadership roles at Atlas Air Worldwide since 1999, serving as President and CEO and member of the Board of Directors since 2020.
Prior to joining Atlas Air Worldwide, he worked for United Airlines for 13 years.
Commenting on his new role, Dietrich says, “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.”