Home > Financial information > A Message from Our Executive Chairman and Lead Independent Director

A MESSAGE FROM OUR EXECUTIVE CHAIRMAN AND LEAD INDEPENDENT DIRECTOR

To our shareowners,

In connection with the FedEx 2022 Annual Meeting of Stockholders to be held on 19 September 2022, we would like to update you on how FedEx continues to deliver the highest standards of ethics, integrity, and reliability through our robust governance framework. FedEx is committed to exemplary corporate governance standards and practices, as evidenced by developments in the following areas:

Welcoming new leadership
As a result of rigorous succession planning, Raj Subramaniam was named in March as the company’s new President and CEO. As also announced in March, the newly established Executive Chairman position will focus on Board governance and important industry matters such as sustainability, public policy, and innovation. These transitions took effect 1 June 2022 — the start of the new fiscal year, one where we will celebrate the momentous 50^th anniversary of FedEx.

Strengthening the FedEx Board of Directors and its committees
As part of this transition, the Board appointed R. Brad Martin as the non-executive Vice Chairman of the Board as well as designated successor for the Chairman position.

We have also named three highly qualified new members to the FedEx Board of Directors since last year’s annual meeting, and recommend two additional highly qualified nominees for election at this year’s annual meeting. These independent directors and nominees bring to FedEx a diversity of experience and expertise that will be valuable to the Board’s oversight of our company’s strategic objectives. 

Earlier this year, FedEx also made changes to better reflect the committees’ areas of oversight and strengthen their alignment with the company’s priorities and values including a focus on safety strategies and programs as well as human resource management matters and public policy. 

Dr. Shirley Ann Jackson will leave the Board following the expiration of her current term in September. Shirley’s counsel has been indispensable over the past 23 years — and her contributions to our Board, diversity initiatives, and learning and development opportunities have positioned FedEx for consistent recognition as one of the world’s most admired companies and best places to work. Simply put, FedEx is a better company because of Dr. Jackson.

Leading through ESG commitments
As detailed in the FedEx 2022 ESG Report released in April, we remain steadfast in our strategic approach to deliver a sustainable future. Our latest ESG Report covers progress and performance on ESG topics. This includes our performance metrics as we drive towards carbon neutral operations by 2040 and our efforts to support a diverse, thriving workforce with high-quality opportunities for growth. 

Engaging our stockholders
Finally, following last year’s stockholders’ meeting, we continued thoughtful discussions on a number of topics including executive compensation and our political activities and expenditures. Based on the feedback we received, we made key changes to our executive compensation programs to enhance stockholder value and address stockholder concerns and increased our disclosures around FedEx public policy and advocacy. 

We value your continued engagement and deeply appreciate your support as we continue our mission to connect people and possibilities around the world.

Sincerely,