T. Michael Glenn to Retire as FedEx Corp. Executive Vice President, Market Development and Corporate Communications
September 26 2016 - 9:15AM
Business Wire
FedEx Corporation (NYSE:FDX) today announced that T. Michael
Glenn, executive vice president, market development and corporate
communications, will retire effective December 31, 2016. Glenn, 61,
has led the company’s marketing, sales, customer service and
communications groups for over twenty years. Robert B. Carter,
currently Chief Information Officer and Co-CEO of FedEx Services
with Glenn, will become the CEO of FedEx Services effective January
1, 2017 and will oversee the administration of common information
technology, sales, solutions, marketing and corporate
communications for our operating companies.
In addition, David J. Bronczek, CEO of FedEx Express, will
become President and Chief Operating Officer of FedEx Corporation
in fifteen months on January 1, 2018. Beginning January 1, 2017,
Bronczek will become the Chairman of the Revenue Management
Committee replacing Glenn.
“Mike Glenn is a thirty-five year veteran of FedEx, and without
a doubt the most brilliant marketer I have ever met. His passionate
leadership, strategic vision and intellect have transformed the
FedEx portfolio and brand and immeasurably improved global
commerce,” said Frederick W. Smith, FedEx Corp. chairman, president
and chief executive officer. “While this is a tremendous loss for
FedEx, I commend and admire Mike for this decision as he
transitions his focus full time to his family. Mike and his wife,
Donna have for many years dealt with the significant challenge of
raising a special needs child, and it is a measure of the man that
Mike has decided he must devote even more time to her well-being
and care. It would be impossible to list Mike’s many
accomplishments, but I can tell you that our company, brand, and
portfolio would not be anything close to what it is today without
Mike Glenn.”
Glenn joined FedEx Express in 1981 as a senior sales specialist.
He became Senior Vice President, Marketing and Corporate
Communications of FedEx Express in 1993, and assumed
responsibilities for customer service the next year. He has been
Executive Vice President, Market Development and Corporate
Communications of FedEx Corp. since its formation in 1998. He also
has served as President and Chief Executive Officer of FedEx
Services since 2000.
Given the increased breadth of FedEx global operations, Rajesh
Subramaniam, executive vice president of marketing and corporate
communications, and Donald Colleran, executive vice president of
sales, both at FedEx Services, will become members of the Strategic
Management Committee on January 1, 2017.
After nine years of distinguished service to FedEx, Gary W.
Loveman retired from the Board today. “Gary has been a valuable
member of the FedEx Board of Directors, and we thank him for his
contributions and unwavering focus on increasing shareholder
value,” said Mr. Smith.
About FedEx
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/20160926005822/en/
FedEx Corp.Patrick Fitzgerald,
901-818-7300patrick.fitzgerald@fedex.com
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