FedEx Corp. has named the board of directors for its future independent freight business, FedEx Freight, as the company prepares for its planned spin-off on June 1.
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The 10-member board includes current FedEx leaders, as well as executives from transportation, logistics, finance, technology, and public policy. FedEx said the group will guide FedEx Freight as it transitions into a standalone company.
As previously announced, R. Brad Martin, Executive Chairman of the FedEx Corp. board, will serve as Chairman of the FedEx Freight board. John Smith, the incoming President and Chief Executive Officer of FedEx Freight, will also serve as a director.
“We’ve assembled a group of prominent industry leaders who share a strong commitment to the customer-first culture that defines FedEx,” said Brad Martin. “Their diverse perspectives and proven leadership will be instrumental in supporting FedEx Freight as it executes a focused strategy and builds on its position as the largest North American LTL freight carrier with industry-leading transit times, service levels, and reliability.”
“I look forward to working with our incoming directors upon completion of the spin-off, leveraging their experience and perspectives, while continuing to partner with Brad and our leadership team as we progress toward launching a world-class, independent organization,” said John Smith.
The newly-announced FedEx Freight board members include:
R. Brad Martin, Chairman of the Board, FedEx Freight; Executive Chairman, FedEx Corp.
John A. Smith, Director; President and Chief Executive Officer, FedEx Freight
Jeffrey A. Davis, Director; former Chief Financial Officer, Dollar Tree, Inc.
Donald E. Frieson, Director; former Executive Vice President, Supply Chain, Lowe’s Companies, Inc.
Stephen E. Gorman, Director; former Chief Executive Officer, Air Methods Corporation
Robert A. King, Director; former Corporate Vice President, Internal Audit, FedEx Corp.
Cindy J. Miller, Director; former President and Chief Executive Officer, Stericycle, Inc.
Amy J. Salcido, Director; former President, U.S., Kyndryl Holdings, Inc.
John P. Sauerland, Director; Vice President and Chief Financial Officer, The Progressive Corporation
Samantha M. Smith, Director; Staff Director, Global Public Policy, FedEx Corp.
FedEx Freight set to spin off in June
FedEx Freight will operate as a fully independent, publicly traded company once the spin-off is completed on June 1. FedEx has said the move is designed to give the LTL business more flexibility to focus on its own network, pricing strategy, and long-term investments, separate from the broader FedEx portfolio.
The freight unit is currently the largest North American LTL carrier, with a nationwide network and a customer base that spans retail, manufacturing, and industrial shippers. As a standalone company, FedEx Freight will be responsible for its own capital allocation, technology investments, and operating decisions, while continuing to work closely with FedEx on transition services following the separation.
FedEx has previously said the spin-off is intended to sharpen strategic focus across the organization, allowing both FedEx Freight and the remaining FedEx businesses to pursue growth plans tailored to their specific markets.
