FedEx appointed Jamere Jackson as executive vice president and chief financial officer, effective Nov. 30.
Jackson, 57, has run finance at AutoZone since January 2021 and will step down as CFO of the auto parts retailer on Nov. 25.
He succeeds Claude Russ, who had served as interim finance chief since June 1 after John Dietrich stepped down following FedEx Freight's spinoff into a separate public company.
Jackson's résumé is heavy on turnarounds and large balance sheets. He was CFO of Hertz Global Holdings from 2018 to 2020 and of Nielsen Holdings from 2014 to 2018, and earlier held leadership roles at General Electric, including CFO of a division of GE Oil and Gas. He also sits on the board of Eli Lilly, where he chairs the audit committee.
FedEx is paying up to pry him loose
FedEx set Jackson's annual base salary at $1M and added a $2M signing bonus payable in two installments, in November 2026 and November 2027, according to the company's Form 8-K filing.
The largest single item is a one-time special restricted stock unit award with a grant date fair value of $5M, vesting over three years, meant to cover the AutoZone equity he forfeits by leaving.
His target annual incentive payout equals 120% of eligible earnings during FedEx's transition year 2026, and he'll get prorated participation in two long-term incentive plans.
Jamere Jackson's FedEx Pay Package Components (USD, as disclosed Oct. 26, 2026)
| Component | Amount (USD) |
|---|---|
| Annual base salary | $1,000,000 |
| Signing bonus (two installments) | $2,000,000 |
| TY26 restricted stock unit award | $766,000 |
| TY26 stock option award | $191,500 |
| One-time special RSU award | $5,000,000 |
He inherits an unfinished network overhaul
Jackson walks into Network 2.0, FedEx's plan to consolidate separate Ground and Express networks and streamline airline operations, alongside the Tricolor airline restructuring.
The timing is awkward for supply chains, with high fuel prices tied to the Iran war and widening tariffs squeezing global freight flows.
The starting point is solid. FedEx grew full-year revenue 9% to $94.7B and adjusted operating income 17%, with a 7.7% adjusted operating margin, its best rate in four years.
The company employs more than 450K people worldwide, and its results are widely treated as a read on US consumer and trade activity.
AutoZone's CEO Phil Daniele credited Jackson with helping shape strategies that drove record sales and earnings during his six-year run.
"Jamere brings a deep understanding of how disciplined financial strategy translates into strong operational performance."
Raj Subramaniam, FedEx
The appointment ends a five-month stretch without a permanent CFO at a company carrying out two network restructurings at once.
