FedEx Corp. elects new directors

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Updated Sep 27, 2011

Shareowners of FedEx Corp. on Monday, Sept. 26, elected Brad Martin and Joshua Cooper Ramo to the corporation’s board of directors, each for a one-year term. The Board has appointed Martin as a member of its Nominating & Governance Committee and Ramo as a member of its Information Technology Oversight Committee.

“We are delighted to welcome Brad and Joshua to our board of directors,” says Fred Smith, chairman, president and chief executive officer of FedEx Corp. “Brad’s proven leadership skills and financial and marketing expertise, and Joshua’s international experience and expertise, particularly with respect to China, will enhance the quality and independence of the FedEx board.”

Martin is chairman of RBM Venture Co., a family investment company. He was the chairman and CEO of Saks Inc. from 1989 to January 2006 and remained chairman until his retirement in May 2007. Martin also currently serves on the board of directors of Dillard’s Inc., First Horizon National Corp. and lululemon athletica inc.

Ramo is vice chairman of Kissinger Associates, a strategic advisory firm, and maintains offices in Beijing and New York. Before joining Kissinger Associates in March 2006, Ramo was managing partner of JL Thornton & Co., a consulting firm. Prior to that, he was a journalist and served as senior editor, foreign editor and then assistant managing editor of Time Magazine. He also currently serves on the board of directors of Starbucks Corp.

After 34 years of distinguished service to FedEx, J.R. “Pitt” Hyde III retired from the board. “Pitt’s keen business insights have been invaluable to the growth and development of FedEx over the years, and he will be greatly missed,” Smith says. “We thank him for his many contributions and long tenure as a director and wish him the very best in the future.”