Fred Perpall, CEO of The Beck Group, Joins FedEx Corporation Board of Directors

Rhea-AI Summary

FedEx Corporation (NYSE: FDX) appointed Fred Perpall to its Board of Directors and its Audit and Nominating & Governance Committees. The Board's chairman, Frederick W. Smith, lauded Perpall's leadership and business acumen as significant assets for the company. Currently, Perpall is the CEO of The Beck Group, a leading design-build firm. He holds a bachelor’s and master’s degree from the University of Texas at Arlington and is recognized in the American Institute of Architects College of Fellows.

Positive

• Addition of Fred Perpall to the Board introduces significant leadership experience.
• Perpall's background in design-build firms may enhance FedEx's operational strategies.

Negative

• Concerns about continuity and experience gaps in the Board's composition.

MEMPHIS, Tenn.--(BUSINESS WIRE)-- The Board of Directors of FedEx Corporation (NYSE: FDX) today elected Fred Perpall as a director. The Board also appointed Mr. Perpall as a member of its Audit and Nominating & Governance Committees.

“Fred is an outstanding addition to our Board of Directors, and we are extremely pleased to welcome him and all of the considerable skills he brings. His proven history of thoughtful leadership, business acumen, and innovative thinking will be very valuable to FedEx and the Board,” said Frederick W. Smith, chairman and chief executive officer of FedEx Corp.

Mr. Perpall currently serves as Chief Executive Officer of The Beck Group, one of the world’s largest integrated design-build firms. Mr. Perpall leads the firm’s domestic and international design, planning, and construction business. He serves as a director of Triumph Bancorp, Inc. and Starwood Property Trust, Inc.

He also serves on the Board of Councilors for The Carter Center and is a member of the United States Golf Association Executive Committee.

Mr. Perpall has a bachelor’s and master’s degree from the University of Texas at Arlington and is a member of the American Institute of Architects College of Fellows, an alumnus of Harvard Business School’s Advanced Management Program, and a former Americas Fellow at The Baker Institute at Rice University.

Corporate Overview

FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenue of $87 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 560,000 team members to remain focused on safety, the highest ethical and professional standards and the needs of their customers and communities. FedEx is committed to connecting people and possibilities around the world responsibly and resourcefully, with a goal to achieve carbon-neutral operations by 2040. To learn more, please visit fedex.com/about.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211213005648/en/

Media Contact: Jenny Robertson 901-434-4829

Investor Contact: Mickey Foster 901-818-7468

Home Page: fedex.com

Source: FedEx Corp.

FAQ

Who is Fred Perpall appointed to the FedEx Board?

Fred Perpall is the newly elected director of FedEx Corporation, bringing considerable skills and experience from his role as CEO of The Beck Group.

What committees will Fred Perpall serve on at FedEx?

Fred Perpall will serve on the Audit and Nominating & Governance Committees at FedEx.

What are Fred Perpall's qualifications?

Fred Perpall holds bachelor's and master's degrees from the University of Texas at Arlington and is a member of the American Institute of Architects College of Fellows.

What impact may Fred Perpall's appointment have on FedEx?

Perpall's leadership experience and innovative thinking may positively influence FedEx's strategic direction and operational efficiency.