FedEx Ground President and CEO Henry J. Maier to Retire July 31

Rhea-AI Summary

FedEx Corp. (NYSE: FDX) announces the retirement of Henry J. Maier, CEO of FedEx Ground, effective July 31, 2021. John A. Smith, current CEO of FedEx Freight, will succeed him. Maier, with over 35 years at FedEx, has driven significant growth and transformation within FedEx Ground, which saw its revenue double under his leadership. Smith, set to become CEO on June 1, 2021, has extensive experience in the industry. Lance D. Moll will succeed Smith at FedEx Freight, bringing nearly 30 years of experience to the role. These leadership transitions are aimed at continuing growth and innovation.

Positive

• FedEx Ground's revenue has more than doubled under Maier's leadership.
• John A. Smith and Lance D. Moll bring over 35 years of industry experience, promising continuity and growth.

Negative

• None.

FedEx Corp. (NYSE: FDX) announced today that Henry J. Maier, president and CEO, FedEx Ground, will retire effective July 31, 2021. John A. Smith, president and CEO, FedEx Freight, will succeed Maier as president and CEO, FedEx Ground. Lance D. Moll has been named the next president and CEO, FedEx Freight.

Maier joined FedEx in 1986. With more than 40 years in the transportation industry, including more than 35 years at FedEx, he held a series of leadership positions in logistics, sales, and marketing before becoming president and CEO, FedEx Ground, in June 2013. Most recently, Maier spearheaded the significant transformation of FedEx Ground, ensuring its strong position in reliably and efficiently serving the growing e-commerce market.

“Henry has helped steer tremendous growth across our commercial and e-commerce portfolio,” said Raj Subramaniam, president and COO, FedEx Corp. “Under his leadership, FedEx Ground revenue has more than doubled, with a focus on automation and speed as distinct competitive advantages. I am incredibly appreciative of Henry’s service to FedEx and wish him well as he begins this next chapter.”

John A. Smith will become president and CEO-elect, FedEx Ground, effective March 1 and will assume the role June 1, 2021. Maier will remain at FedEx Ground as an Executive Advisor through July to help ensure a smooth transition of responsibilities.

Smith has more than 35 years of experience in the transportation industry and joined FedEx in 2000. He has served in several leadership positions, including senior vice president, Operations, FedEx Freight. Under Smith’s leadership, FedEx Freight has implemented initiatives to help lead the less-than-truckload (LTL) industry in technology, automation, and differentiated solutions.

“John is a tremendous leader with extensive transportation experience and a track record of driving growth and innovation,” Subramaniam said. “I have full confidence that under his leadership, FedEx Ground will continue to grow profitably and offer our customers the best commercial and e-commerce solutions in the industry.”

Lance Moll, current senior vice president of Operations for FedEx Freight, will take over as the operating company’s president and CEO on March 1, 2021. Lance has nearly 30 years of experience in the transportation industry. He began his career at FedEx Freight in 1992 and has held leadership positions of increasing responsibility throughout the U.S. domestic operations network.

“Lance has demonstrated a thorough knowledge of the LTL industry along with a strategic mindset for the future,” Subramaniam said. “At FedEx, we are fortunate to have a deep bench of leaders. With these two appointments, we are in a position to continue to grow both of these operating companies and create new value for our customers in the years to come.”

About FedEx Corp.
FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenue of $75 billion, the company offers integrated business solutions through operating companies competing collectively, operating collaboratively and innovating digitally under the respected FedEx brand. Consistently ranked among the world’s most admired and trusted employers, FedEx inspires its nearly 600,000 team members to remain focused on safety, the highest ethical and professional standards and the needs of their customers and communities. To learn more about how FedEx connects people and possibilities around the world, please visit about.fedex.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210126005706/en/

FAQ

Who is the new CEO of FedEx Ground as of June 1, 2021?

John A. Smith will become the CEO of FedEx Ground on June 1, 2021.

What significant change is happening at FedEx Freight?

Lance D. Moll will be the new CEO of FedEx Freight starting March 1, 2021.

When will Henry J. Maier retire from FedEx?

Henry J. Maier will retire from FedEx Ground effective July 31, 2021.

What was Henry J. Maier's contribution to FedEx Ground?

Under Maier's leadership, FedEx Ground's revenue more than doubled and he transformed the company to support e-commerce growth.