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Posted 10 March, 2022

FEDEX CORP appointed new CEO

CEO Change detected for ticker NYSE:FDX in a 8-K filed on 10 March, 2022.


  On March 4, 2022, Donald F. Colleran, President and Chief Executive Officer of Federal Express Corporation ("FedEx Express"), a wholly owned subsidiary of FedEx Corporation ("FedEx"), informed FedEx of his intention to step down as President and Chief Executive Officer of FedEx Express effective August 31, 2022, and to retire from FedEx Express effective December 31, 2022.  

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Overview of FEDEX CORP
Transportation/Logistics • Air Freight
FedEx Corp. is a holding company, which engages in the provision of transportation, e-commerce, business services, and business solutions. It operates through the following segments: FedEx Express, FedEx Ground, FedEx Freight, FedEx Services, and Corporate, Other and Eliminations. The FedEx Express segment offers transportation and delivery services. The FedEx Ground segment provides small-package ground delivery services. The FedEx Freight segment refers to freight transportation services to business and residences. The FedEx Services segment includes sales, marketing, information technology, communications, customer service, technical support, billing and collection services, and certain back-office functions that support the company's operating segments. The Corporate, Other, and Eliminations segment is involved in the corporate headquarters costs for executive officers and certain legal and finance functions, as well as certain other costs and credits not attributed to the firm's core business. The company was founded by Frederick Wallace Smith on June 18, 1971, and is headquartered in Memphis, TN.
Market Cap
$61.7B
View Company Details
FEDEX CORP by TradingView
Relevant filing section
Item 5.02. 
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. 


On March 4, 2022, Donald F. Colleran, President and Chief Executive Officer of Federal Express Corporation ("FedEx Express"), a wholly owned subsidiary of FedEx Corporation ("FedEx"), informed FedEx of his intention to step down as President and Chief Executive Officer of FedEx Express effective August 31, 2022, and to retire from FedEx Express effective December 31, 2022. Mr. Colleran will remain employed by FedEx Express as FedEx Express CEO Executive Advisor from September 1, 2022 through December 31, 2022. There were no changes to Mr. Colleran's compensation made as a result of his change in role and retirement. 

On March 10, 2022, FedEx announced that Richard W. Smith, who currently serves as Regional President, The Americas and Executive Vice President, Global Support of FedEx Express, has been appointed President and Chief Executive Officer-Elect of FedEx Express effective April 1, 2022, and President and Chief Executive Officer of FedEx Express effective September 1, 2022. 

A copy of the press release announcing these changes is attached hereto as Exhibit 99.1 and is incorporated by reference herein.