(Reuters) -FedEx said on Monday it has appointed former company executive Marshall Witt as the finance chief of its freight trucking unit, effective October 15, completing the leadership team for the division that is set to spin off in June 2026.

The parcel carrier had announced the appointment of veteran executive John Smith as CEO and insider Brad Martin as the chairman of the less-than-truckload unit.

The appointment completes soon-to-be-independent FedEx Freight’s leadership lineup. Analysts have often said the segment is undervalued within FedEx, despite its dominance in the U.S. less-than-truckload market.

Witt previously served as CFO of technology company TD Synnex for 12 years, where he managed the 2020 spin-off of Concentrix. Prior to that, he held various roles for over 15 ye

See Full Page