FedEx Hires AutoZone’s Jamere Jackson
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The new finance chief's pay package includes a $2 million signing bonus, paid in two installments a year apart.
FedEx names Jamere Jackson CFO, a move seen as a stock catalyst as cash flow grows and shareholder returns rise.
AutoZone’s Jamere Jackson will step in as CFO for FedEx as the company continues with a seven-month “transition period” following the FedEx Freight spinoff.
Nearly $1 million worth of collectibles, including Pokémon and sports cards, have been reported stolen from a FedEx truck in Santa Ana, California.
America's two package delivery giants both pay dividends, but one is running its payout dangerously close to the edge of its own cash flow while the other raises its dividend for a sixth straight year on less than a third of earnings.
FedEx announced on Monday that Jamere Jackson has been appointed the company's next CFO and executive vice president.
FDX is likely to have faced cost pressures ahead of Q3 earnings, with wage inflation, pilot contract expenses and stranded costs threatening margins despite transformation savings.
UPS just handed investors a beat-and-raise quarter heading into the holiday peak, but a profit stumble in one key segment and months of headwinds from its largest customer cut could complicate the celebration.
