Summary
FedEx Corporation (FDX) has filed an 8-K report detailing changes to its Board of Directors. V. James Vena, who has been appointed Chief Executive Officer of Union Pacific Corporation, resigned from the FedEx Board effective July 26, 2023. Concurrently, Kimberly A. Jabal has decided not to stand for reelection at the upcoming 2023 annual meeting of stockholders. Importantly, neither of these departures involve any disagreements with FedEx regarding its operations, policies, or practices.
Key Highlights
- 1V. James Vena resigns from the FedEx Board of Directors, effective July 26, 2023.
- 2Kimberly A. Jabal will not seek reelection to the FedEx Board at the 2023 annual meeting.
- 3Neither departure involved any disagreements with FedEx concerning its operations, policies, or practices.
- 4The Board size will be reduced from fifteen to fourteen members following these changes.
- 5The Board size will be further reduced to thirteen members prior to the 2023 annual meeting on September 21, 2023.
- 6The changes are related to Vena's upcoming CEO role at Union Pacific.