FedEx Taps Jamere Jackson as New CFO
FDX sits 59% above its 52-week low of $188.857.
Summary
FedEx named Jamere Jackson executive vice president and chief financial officer, effective Nov. 30, a top-tier finance seat at a company mid-way through a major restructuring. Jackson joins from AutoZone. The appointment lands after the completed Freight spin-off, the $1.4B sale of the Supply Chain business, and a fresh $5B buyback authorization, so the new CFO inherits capital-allocation decisions on all three fronts. No financial terms or guidance changes accompany the move.
At the time of this announcement, FDX was trading at $300.58 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $70.7B. The 52-week trading range was $188.86 to $345.37. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.