FedEx Appoints Marshall Witt as Senior Vice President and Chief Financial Officer of FedEx Freight, Strengthening Leadership Ahead of Strategic Spin-Off
FedEx Corp. today announced the appointment of Marshall Witt as Senior Vice President and Chief Financial Officer (CFO) of FedEx Freight, effective October 15, 2025. Witt, a seasoned executive with more than two decades of financial leadership experience across transportation and technology sectors, previously served as CFO of TD SYNNEX, one of the world’s leading IT distribution and solutions companies. His appointment marks an important milestone in the strategic evolution of FedEx Freight as it prepares to operate as an independent company.
A Proven Financial Leader with Deep Industry Roots
Witt’s appointment signals a full-circle return to FedEx, where he spent 15 years earlier in his career, primarily within the FedEx Freight finance organization. During his previous tenure, he held several key financial and operational roles, culminating in his position as Senior Vice President of Finance and Controller. His deep familiarity with the company’s operational model and culture, coupled with his external experience leading financial transformations, uniquely positions him to guide FedEx Freight into its next phase of growth and independence.
At TD SYNNEX, Witt played a central role in driving the company’s transformation over more than a decade of sustained growth. Under his financial stewardship, TD SYNNEX experienced record gains in revenue and EBITDA, successfully navigating complex market conditions and global supply chain challenges. Witt was instrumental in shaping the company’s long-term capital strategy, overseeing strategic mergers, acquisitions, and spin-offs—including the notable 2020 spin-off of Concentrix, which created significant value for shareholders. His experience managing large-scale corporate restructurings and optimizing financial operations for efficiency and resilience will be critical as FedEx Freight transitions into a standalone enterprise.
Leadership Vision: Driving Value and Sustainable Growth
“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. “His proven track record in financial leadership and deep operational understanding of our business make him an invaluable addition to our executive team. 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.”
Witt’s appointment underscores FedEx’s continued focus on strategic leadership alignment as it prepares to separate FedEx Freight from the broader FedEx enterprise. The forthcoming spin-off represents one of the most significant corporate milestones in FedEx’s recent history, designed to enable both FedEx Corp. and FedEx Freight to pursue focused growth strategies tailored to their respective markets.
A Strengthened Executive Leadership Team
The addition of Witt rounds out an experienced and diverse executive leadership team poised to lead FedEx Freight into its new chapter. The previously announced leadership structure includes:
- John Smith, President and Chief Executive Officer (Select): Smith, a veteran FedEx executive, will lead the company post spin-off, guiding strategic initiatives that build on the company’s strong foundation of operational excellence, safety, and customer service.
- R. Brad Martin, Chairman of the Board: Martin will provide governance oversight and strategic direction as FedEx Freight transitions to a standalone public entity.
Alongside Witt, the executive team features several key leaders who bring a wealth of expertise across technology, operations, legal affairs, human resources, and commercial strategy:
- Mike Rodgers, Chief Technology Officer: Rodgers joins FedEx Freight from Pilot Company, where he served as Chief Technology and Information Officer. His prior roles at Saks Fifth Avenue and JCPenney Corporation demonstrate a deep understanding of digital innovation and enterprise technology integration. Rodgers will play a vital role in developing the digital backbone and infrastructure essential for an independent FedEx Freight.
- Eddie Klank, Chief Human Resources and Legal Officer: With nearly three decades of experience at FedEx Corp., Klank brings exceptional expertise in corporate governance, compliance, sustainability, and legal affairs. His comprehensive understanding of mergers and acquisitions, corporate integrity, and strategic sustainability initiatives will ensure a seamless and compliant transition into the next phase of the company’s growth.
- Mike Lyons, Chief Specialized Services and Commercial Officer: Since joining FedEx Freight in 2007, Lyons has excelled in various roles across sales, marketing, customer experience, and revenue quality management. He now oversees these domains as well as international operations and FedEx Custom Critical, ensuring the company’s global network and specialized logistics services continue to expand strategically.
- Clint McCoy, Chief Operating Officer: A 30-year FedEx Freight veteran, McCoy brings unmatched operational insight. His prior leadership as Senior Vice President of Operations Support and Engineering gives him the depth of experience needed to optimize freight operations, efficiency, and service reliability as the company scales independently.
Preparing for a Landmark Spin-Off
The strategic separation of FedEx Freight into an independent company represents a transformative step for both the FedEx enterprise and its freight division. This move aims to enable greater operational agility, unlock shareholder value, and tailor strategic investments more closely to the unique needs of the less-than-truckload (LTL) freight market.
As the largest LTL carrier in North America, FedEx Freight plays a crucial role in the logistics ecosystem. Operating independently will allow the company to sharpen its focus on freight innovation, customer-centric solutions, and cost optimization, while leveraging new technologies to enhance delivery performance and sustainability. The spin-off also aligns with broader market trends emphasizing specialization, digital transformation, and sustainability in logistics and supply chain management.
In his first remarks following the announcement, Marshall Witt expressed enthusiasm about returning to FedEx Freight and helping steer the company through this pivotal transition.
“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 collaborating closely with John and the broader leadership team to realize the value-creation opportunity the spin-off presents for our stockholders and to ensure a seamless continuation of the service excellence our customers trust.”
Industry observers view Witt’s appointment as a clear signal of FedEx’s commitment to strong financial governance and long-term strategic planning. With his blend of internal familiarity and external leadership experience, Witt is well-equipped to oversee the company’s financial systems, reporting structures, and capital deployment strategies as FedEx Freight transitions to a standalone corporate identity.
FedEx Freight, a division of FedEx Corp., is the leading provider of less-than-truckload (LTL) freight services in North America, offering fast, reliable, and cost-effective shipping solutions across the U.S., Canada, and Mexico. Headquartered in Memphis, Tennessee, FedEx Freight is recognized for its commitment to safety, service quality, and innovation. Through its network of more than 400 service centers, the company provides essential logistics support to industries spanning manufacturing, retail, e-commerce, and healthcare.