FedEx names Marshall Witt CFO ahead of planned freight division spin-off

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FedEx names Marshall Witt CFO ahead of planned freight division spin-off

Policy

Lance Moll FedEx Freight Leadership President and CEO | FedEx

By Sky Industry News

Oct 6, 2025

Marshall Witt has been named senior vice president and chief financial officer of FedEx Freight, effective October 15, according to an announcement from FedEx Corp. Witt previously served as CFO at TD SYNNEX, where he was involved in significant revenue and EBITDA growth and managed the spin-off of Concentrix in 2020.

Witt returns to FedEx after 15 years with the company, most recently as senior vice president of finance and controller within the FedEx Freight finance organization.

“Marshall’s extensive expertise in guiding companies through critical periods of transition to deliver profitable growth will unlock enterprise-wide value for FedEx Freight, its team members, customers, and stockholders,” said John Smith, president and chief executive officer–select of FedEx Freight. “I am confident the FedEx Freight leadership team brings the right industry and subject matter expertise to advance the company’s strategy and take it to new heights.”

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FedEx had previously announced that John Smith will become president and CEO of FedEx Freight and R. Brad Martin will serve as chairman of the board upon completion of a planned spin-off that will make FedEx Freight an independent company. Witt’s appointment completes the executive leadership team for this transition.

Other members of the leadership team include Mike Rodgers as chief technology officer; Eddie Klank as chief human resources and legal officer; Mike Lyons as chief specialized services and commercial officer; and Clint McCoy as chief operating officer.

“I am thrilled to work with this talented group of individuals to grow FedEx Freight as an independent business and lead the company into this exciting new chapter,” said Witt. “I look forward to working closely with John and the broader leadership team to realize the value-creation opportunity the spin-off presents for stockholders.”

FedEx Corp., which provides transportation, e-commerce, and business services globally, reported annual revenue of $89 billion. The company employs more than 500,000 people worldwide.

The press release also included a cautionary statement regarding forward-looking information related to the planned separation of FedEx Freight into a new publicly traded company. It noted that actual results may differ due to various risks or uncertainties detailed in filings with the Securities and Exchange Commission.