FedEx Corp. said late Thursday that Richard W. Smith, the son of FedEx founder, Chairman and CEO Frederick W. Smith, will become president and CEO of FedEx Express, the company’s air and international unit and what is still its core business.
Smith (pictured) will succeed Donald F. Colleran, who will retire on Dec. 31 after 33 years with the Memphis, Tennessee-based company (NYSE: FDX). Smith will become the unit’s president and CEO-elect on April 1 and take over full duties on Sept. 1. Colleran will remain at the unit as CEO executive adviser through the end of December.
