FedEx announced on October 26, 2026, that Jamere Jackson will become executive vice president and chief financial officer effective November 30. The FedEx CFO role is currently held on an interim basis by Claude F. Russ, who has served since June 1, 2026.

Key Takeaways

  • Jackson will succeed interim CFO Claude Russ on November 30, 2026.
  • His experience includes finance leadership roles at AutoZone, Hertz, Nielsen and General Electric.
  • His compensation includes a $1 million annual base salary and equity awards, with vesting conditions.

FedEx CFO transition set for November 30

FedEx's leadership appointment announcement confirms that Jackson will take over from Russ at the end of November. The appointment establishes a permanent successor after a period of interim finance leadership.

Chief executive Raj Subramaniam highlighted Jackson's experience in profitability, cash generation and capital allocation as reasons for the appointment. He also thanked Russ for his leadership during the transition.

ItemDetails
Annual base salary$1,000,000.
Signing bonus$2,000,000, payable in installments in November 2026 and November 2027, with a prorated repayment condition for early resignation.
Transition-year 2026 annual incentiveTarget payout opportunity of 120% of eligible earnings paid during the period.

Jackson brings experience across several public companies

Jackson, 57, has served as AutoZone's chief financial officer since January 2021, with responsibilities spanning finance and store development. He joined the automotive parts retailer in September 2020 as executive vice president and CFO-elect.

Before AutoZone, he was executive vice president and CFO of Hertz Global Holdings from 2018 to 2020 and CFO of Nielsen Holdings from 2014 to 2018. Earlier roles at General Electric included serving as finance chief of a GE Oil and Gas division.

Jackson also serves on Eli Lilly's board of directors, where he chairs the audit committee.

Pay package includes incentives and replacement equity

Jackson's appointment terms combine fixed pay, performance incentives and equity awards. The $5 million special restricted stock unit award is intended to compensate him for outstanding AutoZone equity awards he will forfeit; it will vest ratably over three years.

He will also receive transition-year 2026 restricted stock units with a grant-date fair value of $766,000 and stock options with a Black-Scholes grant-date fair value of $191,500. Both awards vest ratably over three years. These award values are distinct from cash salary.

Jackson will be eligible for prorated participation in FedEx's FY25–FY27 and FY26–FY28 long-term incentive plans.

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