FedEx has announced that David J. Bronczek – the company’s president and chief operating officer – has been elected to the board of directors.
With his election, the board now has 13 members, including 11 independent directors.
FedEx also said that independent members of its board have approved changes to the company’s corporate governance guidelines to apply the mandatory retirement age of 75 only to non-management directors, effective immediately.
Bronczek is responsible for all FedEx operating companies and is a member of the five-person executive committee.
He is also co-president and co-CEO of FedEx Services, which provides sales, marketing, information technology, communications, customer service, and other support functions for US customers of major FedEx business units.
FedEx chairman and chief executive officer, Frederick W. Smith said: “Dave is an outstanding leader at FedEx, and he will be a valuable addition to the Board of Directors.
“His knowledge of the company gained over more than 42 years of service is unparalleled, and he will serve the company well in his role as a member of the Board.”