8-KLeadership ChangesExhibits & Filings

FEDEX CORP 8-K Report, Executive Changes (Mar 10, 2022)

Filed March 10, 2022For Securities:FDX

Summary

FedEx Corporation (FDX) announced a significant leadership transition within its core FedEx Express subsidiary. Donald F. Colleran, current President and CEO of FedEx Express, will step down from his CEO role effective August 31, 2022, and retire from the company on December 31, 2022. Mr. Colleran will transition to an executive advisor role from September 1, 2022, until his retirement. Importantly, his compensation is not changing as a result of this transition. To ensure a smooth succession, Richard W. Smith, currently Regional President of The Americas and Executive Vice President of Global Support for FedEx Express, has been appointed President and Chief Executive Officer–Elect of FedEx Express, effective April 1, 2022. He will formally assume the role of President and Chief Executive Officer of FedEx Express on September 1, 2022. This planned transition aims to maintain operational continuity and leverage existing leadership expertise within the organization.

Key Highlights

  • 1Donald F. Colleran, President and CEO of FedEx Express, to retire effective December 31, 2022.
  • 2Mr. Colleran will step down as CEO of FedEx Express on August 31, 2022, and transition to an executive advisor role.
  • 3No changes to Mr. Colleran's compensation due to his role change and retirement.
  • 4Richard W. Smith appointed President and Chief Executive Officer–Elect of FedEx Express, effective April 1, 2022.
  • 5Richard W. Smith will assume the role of President and Chief Executive Officer of FedEx Express on September 1, 2022.
  • 6This filing primarily concerns officer and director appointments/departures, not financial results.

Frequently Asked Questions

Richard W. Smith, currently serving as Regional President, The Americas and Executive Vice President, Global Support of FedEx Express, has been appointed as the successor. He will be CEO–Elect starting April 1, 2022, and fully assume the CEO role on September 1, 2022.

Mr. Colleran will retire from FedEx Express on December 31, 2022. He will step down as CEO on August 31, 2022, and serve as an executive advisor from September 1, 2022, until his retirement.

No, the filing explicitly states that there were no changes to Mr. Colleran’s compensation as a result of his change in role and retirement.

No, this 8-K filing specifically pertains to Item 5.02, which covers the departure of certain officers, the election of directors, or the appointment of certain officers. It announces a leadership change and does not include financial statements or performance updates.