Richard W. Smith named successor
FedEx Corp. (NYSE: FDX) today announced that Donald F. Colleran, President and CEO of FedEx Express, will retire on December 31, 2022, after a distinguished career spanning nearly 40 years at FedEx. Richard W. Smith, Americas Regional President and Executive Vice President of Global Support, will succeed Mr. Colleran as President and CEO of FedEx Express.
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Don Colleran (Photo: Business Wire)
Mr. Colleran held several key leadership positions at FedEx after joining the company from Flying Tigers when it was acquired by FedEx in 1989. In 1992 he moved to Tokyo and began a 12-year international career in international sales and operations management which took him from Tokyo to Hong Kong and Toronto, where he served as President of FedEx Express Canada. One of the pioneers of our international business, Mr. Colleran helped lay the foundation for the significant growth of this sector of FedEx’s portfolio. He then served as senior vice president of international sales before being named executive vice president and chief sales officer of FedEx Corp in 2017. He assumed his current role as president and CEO of FedEx Express in 2019.
“Initiating new capabilities for our customers and then leading our global FedEx Express team through 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 Raj Subramaniam, president and chief operating officer of FedEx Corp. “Throughout his career, he has demonstrated an unwavering commitment to our clients and our team members. I have a deep respect for Don and for the remarkable drive he has shown during his tenure at FedEx, including as a steadfast champion of our world-renowned culture. In addition to the impressive business results he has achieved over several decades, Don leaves a legacy of mentoring and building an incredible team of leaders who are poised to take the Express business to the next level. We wish him good luck in his retirement after a long and distinguished career. »
Richard W. Smith will become President and CEO-Elect of FedEx Express on April 1, 2022, and will assume his full role on September 1, 2022. Mr. Colleran will remain with FedEx Express as Executive Advisor to the CEO until the end of the December to ensure a smooth transition of responsibilities.
Mr. Smith joined FedEx in 2005. Prior to that, he served as President and CEO of FedEx Logistics and held a series of leadership positions in the life sciences, healthcare and customer solutions industries, including as Vice President of Global Business Services and General Manager of Life Sciences and Specialty Services.
“Richard has deep knowledge of our business and has played a central role in many of our most important initiatives, including our electric vehicle strategy and our efforts to distribute lifesaving vaccines to combat the COVID-19 pandemic” , said Mr. Subramaniam. “With the exceptional management team we have in place to execute our strategy, including leaders like Richard, I have full confidence in the future of FedEx. »
About FedEx Corp.
FedEx Corp. (NYSE: FDX) provides customers and companies around the world with a wide range of transportation, e-commerce and business services. With annual revenue of $90 billion, the company delivers integrated business solutions, through operating companies that compete collectively, operate collaboratively, and innovate digitally under the prestigious brand FedEx. Consistently ranked among the world’s most admired and trusted employers, FedEx motivates its nearly 600,000 associates to remain focused on safety, the highest ethical and business standards, and the needs of their customers and their communities. FedEx is committed to connecting people and opportunities around the world in responsible and resourceful ways, with the goal of achieving carbon neutrality in its operations by 2040. To learn more, visit about.fedex.com.
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