FDXF Terminates Executive VP Michael B. Lyons for Code of Conduct Violation

FedEx Freight Holding Company, Inc. (FDXF) announced the termination of Michael B. Lyons, its Executive Vice President – Chief Specialized Services and Commercial Officer, effective September 2, 2026. The company stated the termination was the result of an internal investigation that found Mr. Lyons violated its Code of Conduct.

Key Details

• Executive Terminated: Michael B. Lyons, Executive Vice President – Chief Specialized Services and Commercial Officer.
• Reason for Termination: Violation of the company's Code of Conduct. The company stated the conduct did not impact financial reporting, performance, or strategy.
• Transition Plan: Responsibilities will be transitioned to other executive team members while the company conducts a comprehensive search for a replacement.