David J. Bronczek promoted to President and Chief Operating Officer of FedEx Corp.
January 23 2017 - 10:00AM
Business Wire
David L. Cunningham to succeed as President
and CEO of FedEx Express
Progress on key projects accelerates
timeline
FedEx Corp. (NYSE: FDX) announced that David J. Bronczek is
assuming a new role as President and Chief Operating Officer of
FedEx Corporation, effective February 1, 2017. Bronczek will be
responsible for marketing, sales, and all FedEx operating
companies.
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Graphical representation of FedEx
executive management structure as of February 1, 2017 (Graphic:
Business Wire)
“While this was announced last September, substantial progress
in integrating the TNT acquisition into FedEx Express now allows us
to accelerate Dave’s promotion by 11 months in advance of Fiscal
Year 2018. He is uniquely qualified to take on the position of
President and Chief Operating Officer,” said Frederick W. Smith,
chairman and chief executive officer of FedEx Corporation. “Under
Dave’s leadership for the past 17 years, the FedEx Express team has
achieved outstanding financial results and service levels.”
David L. Cunningham will succeed Bronczek as President and CEO
of FedEx Express, a subsidiary of FedEx Corp. and the world’s
largest cargo airline. He previously served as Regional President
of the Asia Pacific Region and most recently as Executive Vice
President and Chief Operating Officer. In his new position,
Cunningham will be responsible for the leadership and direction of
the FedEx Express group, which includes FedEx Express and TNT. He
will also serve on the Strategic Management Committee of FedEx
Corporation.
“Beginning more than 30 years ago at the Memphis World Hub,
David Cunningham has progressed through the FedEx ranks and served
in leadership roles in finance, as well as domestic and
international operations. These experiences have prepared him to
lead FedEx Express – our largest operating company,” said Smith.
“He is another excellent example of our promote from within
philosophy. The progress we have made on multiple strategic
projects makes it possible for us to accelerate the timing of both
of these promotions, while continuing to achieve our important
objectives at FedEx Express.”
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
revenues of $58 billion, the company offers integrated business
applications through operating companies competing collectively and
managed collaboratively, under the respected FedEx brand.
Consistently ranked among the world’s most admired and trusted
employers, FedEx inspires its more than 400,000 team members to
remain “absolutely, positively” 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20170123005613/en/
FedEx Corp.Patrick Fitzgerald,
901-818-7300patrick.fitzgerald@fedex.com
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