FEDEX EXPRESS PRESIDENT AND CEO DONALD F. COLLERAN RETIRES DEC 31, 2022

KUALA LUMPUR, March 11 (Bernama) -- FedEx Corp has announced that FedEx Express president and chief executive officer (CEO), Donald F. Colleran will retire effective Dec 31, 2022, after a distinguished nearly 40-year career at FedEx.

According to a statement, Richard W. Smith, regional president of the Americas and executive vice president of global support, will succeed Colleran as president and CEO of FedEx Express.

“From launching new capabilities for our customers to leading our global FedEx Express team during some of the most challenging times, including the COVID-19 pandemic, Don has been instrumental in creating and executing our remarkable global growth strategy,” said president and COO, FedEx Corp, Raj Subramaniam.

“Throughout his career, he has demonstrated an unwavering commitment to our customers and our team members. I have a deep respect for Don and the profound difference he has made during his tenure at FedEx, especially as a steadfast champion of our world-renowned culture.”

Colleran has served in several key leadership roles at FedEx since he joined from Flying Tigers in its acquisition by FedEx in 1989. In 1992, he moved to Tokyo and began a 12-year global career in international sales and operations management that took him from Tokyo to Hong Kong to Toronto, where he served as president of FedEx Express Canada.

Smith will become president and CEO-elect of FedEx Express on April 1, 2022, and will assume full duties on Sept 1, 2022. Colleran will remain at FedEx Express as the CEO Executive Advisor through the end of December to help ensure a smooth transition of responsibilities.

Smith joined FedEx in 2005. He previously served as the president and CEO of FedEx Logistics, and in a series of leadership positions in life sciences, healthcare, and customer solutions, including serving as vice president of global trade services and managing director of life sciences and specialty services.

“Richard has a deep understanding of our business and has played a pivotal role in many of our most important initiatives, including our electric vehicle strategy and our life-saving vaccine distribution efforts to combat the COVID-19 pandemic,” said Subramaniam.

“With the outstanding executive management team we have in place to execute our strategy, including leaders like Richard, I am confident in the future of FedEx.”

FedEx Corp provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services.

-- BERNAMA