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Posted 31 July, 2023

FEDEX CORP appointed new CEO

CEO Change detected for ticker NYSE:FDX in a 8-K filed on 31 July, 2023.


  On July 26, 2023, following his appointment as Chief Executive Officer and a member of the Board of Directors of Union Pacific Corporation effective August 14, 2023, V. James Vena notified FedEx Corporation ("FedEx" or the "Company") that he was resigning, effective July 26, 2023, from the FedEx Board of Directors (the "Board").  

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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 July 26, 2023, following his appointment as Chief Executive Officer and a member of the Board of Directors of Union Pacific Corporation effective August 14, 2023, V. James Vena notified FedEx Corporation ("FedEx" or the "Company") that he was resigning, effective July 26, 2023, from the FedEx Board of Directors (the "Board"). Additionally, on July 26, 2023, Kimberly A. Jabal notified FedEx that she would not stand for reelection at the 2023 annual meeting of stockholders to be held on September 21, 2023. 

Neither of the decisions of Ms. Jabal or Mr. Vena involved any disagreement with FedEx on any matter relating to the Company's operations, policies, or practices. With these changes, the size of the Board has been reduced to fourteen members and will be further reduced to thirteen members immediately before the 2023 annual meeting of stockholders on September 21, 2023.