FedEx Hires Outside Aviation Executive as CFO Amid Cost Cuts

FedEx Corp. hired John Dietrich, the former head of an aircraft-leasing company, as its new chief financial officer amid a sweeping plan to restructure the package-delivery giant and slash costs.

Dietrich, who has more than three decades of experience in aviation and the air-cargo industry, will assume the new role on Aug. 1, FedEx said in a statement. The company announced in June that current CFO Michael Lenz would be stepping down.

Bringing in an outsider with experience in the air freighter market will offer a new perspective on FedEx’s plan to save as much as $6 billion ...