Executive reshuffle at FedEx Corporation

FedEx Corporation has announced a number of imminent changes to its executive teams, starting as of the end of 2016.

According to FedEx, Robert B. Carter, currently Chief Information Officer and Co-CEO of FedEx Services, will become the CEO of FedEx Services effective January 1, 2017 and will oversee the administration of common information technology, sales, solutions, marketing and corporate communications for our operating companies.

T. Michael Glenn, Executive Vice President, market development and corporate communications, will retire effective December 31, 2016.

In addition, David J. Bronczek, CEO of FedEx Express, will become President and Chief Operating Officer of FedEx Corporation on January 1, 2018. Beginning January 1, 2017, Bronczek will become the Chairman of the Revenue Management Committee replacing Glenn.

“Mike Glenn is a thirty-five year veteran of FedEx, and without a doubt the most brilliant marketer I have ever met. His passionate leadership, strategic vision and intellect have transformed the FedEx portfolio and brand and immeasurably improved global commerce,” said Frederick W. Smith, FedEx Corp. Chairman, President and Chief Executive Officer.

“While this is a tremendous loss for FedEx, I commend and admire Mike for this decision as he transitions his focus full time to his family. Mike and his wife, Donna have for many years dealt with the significant challenge of raising a special needs child, and it is a measure of the man that Mike has decided he must devote even more time to her well-being and care.

Gary W. Loveman also retired from the Board. “Gary has been a valuable member of the FedEx Board of Directors, and we thank him for his contributions and unwavering focus on increasing shareholder value,” said Smith.

Given the increased breadth of FedEx global operations, Rajesh Subramaniam, Executive Vice President of Marketing and Corporate Communications, and Donald Colleran, Executive Vice President of Sales, both at FedEx Services, will become members of the Strategic Management Committee on January 1, 2017.

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