SECTION 5. CORPORATE GOVERNANCE AND MANAGEMENT.
Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On March 4, 2022, Donald F. Colleran, President and Chief Executive Officer of Federal Express Corporation (“FedEx Express”), a wholly owned subsidiary of FedEx Corporation (“FedEx”), informed FedEx of his intention to step down as President and Chief Executive Officer of FedEx Express effective August 31, 2022, and to retire from FedEx Express effective December 31, 2022. Mr. Colleran will remain employed by FedEx Express as FedEx Express CEO Executive Advisor from September 1, 2022 through December 31, 2022. There were no changes to Mr. Colleran’s compensation made as a result of his change in role and retirement.
On March 10, 2022, FedEx announced that Richard W. Smith, who currently serves as Regional President, The Americas and Executive Vice President, Global Support of FedEx Express, has been appointed President and Chief Executive Officer–Elect of FedEx Express effective April 1, 2022, and President and Chief Executive Officer of FedEx Express effective September 1, 2022.
A copy of the press release announcing these changes is attached hereto as Exhibit 99.1 and is incorporated by reference herein.
SECTION 9. FINANCIAL STATEMENTS AND EXHIBITS.
Item 9.01. Financial Statements and Exhibits.
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