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FedEx Corp. Announces Henry J. Maier To Succeed David F. Rebholz As President And CEO For FedEx Ground

FedEx Corp. (NYSE: FDX) today announced that Henry J. Maier will succeed David F. Rebholz as president and CEO of FedEx Ground, a subsidiary of FedEx Corp. and a leading provider of ground small-package delivery services. As previously announced, Rebholz is retiring effective May 31, 2013. Maier has more than 30 years experience in the transportation industry, including more than 25 years at FedEx companies. Maier currently serves as Executive Vice President at FedEx Ground, with responsibility for all strategic planning, corporate communications and contractor relations. Earlier in his FedEx career he held a series of leadership positions in logistics, sales, marketing and automation.

In his new position, Maier will be responsible for the leadership and strategic direction of the FedEx Ground segment, which includes FedEx Ground, FedEx Home Delivery and FedEx SmartPost. He will also serve on the Strategic Management Committee of FedEx Corporation.

"Henry has vast experience going back to the early days of FedEx Ground and has played a leading role in shaping the incredible long-term success of the company,” said Frederick W. Smith, chairman, president and chief executive officer of FedEx Corp. "FedEx Ground has differentiated itself with industry-leading speed and outstanding service, and customers are increasingly choosing FedEx for ground package transportation. I have the utmost confidence that under Henry's leadership, FedEx Ground will continue to successfully drive its growth strategy and further strengthen its competitive position. I also want to again recognize Dave Rebholz for his passionate leadership and countless contributions over a 37-year career at FedEx.”

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 $43 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 300,000 team members to remain "absolutely, positively" focused on safety, the highest ethical and professional standards and the needs of their customers and communities. For more information, visit news.fedex.com.

Copyright Business Wire 2010

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