FedEx founder and executive chairman Frederick Smith has died, CEO tells staff

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FedEx Corp’s founder and former CEO Frederick Smith, who started the global delivery conglomerate with more than a dozen planes in the 1970s, has died, the company’s CEO Raj Subramaniam said in memo to staff posted on its website on Saturday.

Born in 1944, Smith was most recently serving as the firm’s executive chairman and focused on board governance, as well as issues of global importance, including sustainability, innovation and public policy, according to his profile on FedEx’s website.

Smith stepped aside as FedEx’s CEO in 2022 and was succeeded…



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FedEx founder and executive chairman Frederick Smith has died, CEO tells staff


FedEx Corp’s founder and former CEO Frederick Smith, who started the global delivery conglomerate with more than a dozen planes in the 1970s, has died, the company’s CEO Raj Subramaniam said in memo to staff posted on its website on Saturday.

Born in 1944, Smith was most recently serving as the firm’s executive chairman and focused on board governance, as well as issues of global importance, including sustainability, innovation and public policy, according to his profile on FedEx’s website.

Smith stepped aside as FedEx’s CEO in 2022 and was succeeded…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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