FedEx names Atlas Air ex-CEO Dietrich as CFO

FedEx announced the appointment of John W. Dietrich, formerly the Chief Executive Officer of Atlas Air Worldwide, to Executive Vice President and Chief Financial Officer, effective August 1, 2023. The company also announced strategic shifts within the finance organisation to further bolster its ongoing transformation, says an official release. "As previously announced, Executive Vice President and Chief Financial Officer Michael C. Lenz will transition out of his role on July 31, 2023 and will remain with the company as a Senior Advisor until December 31, 2023 to help ensure a smooth transition." Jennifer L. Johnson, corporate vice president and principal accounting officer, is assuming an expanded role with the consolidation of the company’s international accounting teams into one global organisation under her responsibility, the release added. "Johnson also has responsibility for all controllership functions including the consolidations process, SEC reporting, statutory reporting, and Sarbanes-Oxley compliance."