Board of directors of future standalone FedEx Freight named

John Smith

FedEx has appointed a 10-member board of directors for FedEx Freight, as it prepares to spin off the less-than-truckload business into a standalone, publicly listed company on 1 June.

R Brad Martin, executive chairman of FedEx Corp, will chair the FedEx Freight board, alongside incoming president and CEO John Smith.

Announcing the appointments, Mr Martin said the board brought together “prominent industry leaders who share a strong commitment to the customer-first culture that defines FedEx”, adding that their experience would support Freight as it executed a focused standalone strategy.

The board includes: former UPS executive and Stericycle CEO Cindy Miller; former Delta Air Lines COO and Greyhound CEO Stephen Gorman; former Lowe’s supply chain executive Donald Frieson; and Amy Salcido, a former senior executive at IBM and Kyndryl, with experience of large-scale corporate separations.

Financial expertise will be provided by former Walmart, Dollar Tree, and JCPenney CFO Jeffrey Davis, Progressive Corporation CFO John Sauerland, and long-time FedEx executive and internal audit leader Robert King.

Also joining the board is Samantha Smith, FedEx Corp’s staff director of global public policy, who is expected to remain employed by FedEx Corp following the spin-off.

Women will account for just 30% of the board representation, which, while low, still compares favourably with the lower female representation across much of the US trucking and logistics sector, where women typically hold around 15% to 20% of board seats.

FedEx said the board composition reflected its intention to position FedEx Freight as a focused, independent LTL carrier with its own governance, strategy and capital allocation, ahead of its planned listing on the New York Stock Exchange under the ticker FDXF.