FedEx Names New CFO Ahead of Operational Overhaul
FedEx Corp. has announced the appointment of Jamere Jackson as the firmâs newest chief financial officer, effective 30 November. Jamere will succeed Claude Russ, who has served as FedExâs interim CFO since 1 June.
Jamere brings extensive financial and leadership experience, having overseen finance segments across several public companies.
Most recently, he led both Finance and Store Development at AutoZone, where he had served as CFO from January 2021.
Prior to AutoZone, he also served as CFO for Hertz Global Holdings Inc., CFO for Nielsen Holdings plc and spent nearly 10 years at General Electric across several financial leadership roles in GE Corporate, GE Aviation and GE Oil and Gas.
Additionally, he oversaw mergers and acquisitions and strategic planning at Procter & Gamble, Yum Brands, First Data Corporation and Total System Services.
Currently, Jamere serves on the Board of Directors of Eli Lilly & Co., where he serves as Chair of the Audit Committee.
Jamereâs background combines disciplined financial management, effective capital allocation and operational experience, supporting the business operations of multiple renowned companies throughout his career.
- Jamere Jackson will become FedEx's new CFO effective 30 November, succeeding interim CFO Claude Russ, who has held the role since 1 June
- Jamere previously served as CFO at AutoZone from January 2021, as well as at Hertz Global Holdings and Nielsen Holdings
- FedEx's Q3 revenue reached US$22.8bn, with the company holding US$2.7bn in cash on hand to refund customers who paid IEEPA tariffs
- FedEx filed a lawsuit in February against the Trump administration seeking tariff refunds, which were later struck down by the Supreme Court this year
- FedEx recently spun off its freight division and sold its supply-chain unit to CMA CGM Group as part of its move to focus on its core parcel business
I look forward to getting to know the company, learning from the world-class finance team, and bringing my experience to bear as we execute on our profitable growth strategy.”
FedEx leadership reacts to Jamere's appointment
Discussing Jamere’s appointment, Raj Subramaniam, President and CEO of FedEx Corporation, says: “Jamere brings a deep understanding of how disciplined financial strategy translates into strong operational performance.”
He adds that Jamere has proven himself as a leader who can “balance strategic investments in growth with an unwavering focus on profitability, cash generation, and capital allocation”.
“I am confident Jamere’s leadership will support FedEx’s strong momentum in driving profitable growth and help deliver long-term value for stockholders,” Raj says.
Raj also thanks Claude for his time as interim CFO, lauding the outgoing executive’s contributions during the leadership transition.
Commenting on his appointment, Jamere calls FedEx a “remarkable business with an extraordinary team and significant opportunity ahead”.
“I look forward to getting to know the company, learning from the world-class finance team, and bringing my experience to bear as we execute on our profitable growth strategy,” he adds.
FedEx's larger operational overhaul
In addition to the new leadership, FedEx has seen transitional changes across the past year.
The company recently spun off its freight division and sold its supply-chain unit to CMA CGM Group, two moves that have allowed FedEx to focus on its core parcel business.
FedEx is also progressing through Raj’s operational overhaul of the company to merge the historically separate air and ground delivery networks.
FedEx has struggled to rebound following several years of stagnant demand, pressured by inflation and tariffs, in addition to a comedown from a pandemic-driven boom in e-commerce deliveries.
Both FedEx and UPS have since shifted their emphasis to high-value shipments, such as those for the healthcare and high-tech sectors.
As of the end of Q3 – which saw revenue reach US$22.8bn – FedEx held US$2.7bn in cash on hand to refund customers who had paid US President Donald Trump's IEEPA tariffs, which were struck down by the Supreme Court earlier this year.
FedEx filed a lawsuit in February against the administration to seek refunds, and stated that it intends to distribute them to its customers.
FedEx’s key partners:
Microsoft: FedEx collaborates with Microsoft to integrate supply chain intelligence with cloud solutions, enabling advanced inventory tracking and commerce logistics services.
CEO: Satya Nadella | Headquarters: Redmond, Washington, US
Shopify: FedEx partners with Shopify to provide seamless merchant shipping integrations, discounted platform rates, and automated fulfillment label management worldwide.
CEO: Tobias Lütke | Headquarters: Ottawa, Ontario, Canada
Walgreens: FedEx teams with Walgreens to host OnSite access points nationwide, offering convenient package drop-off, pickup, and secure redirected deliveries.
CEO: Tim Wentworth | Headquarters: Deerfield, Illinois, US
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Jamere Jackson
CFO
Raj Subramaniam
President, CEO, and member of the Board of Directors
