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            september 20, 2019

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Air cargo chief David Bronczek to become COO, president of FedEx in 2018


Air cargo chief David Bronczek has been tapped by FedEx Corp to assume the role of company president in 2018, further positioning him as a candidate to succeed chief executive officer Fred Smith, who is 72 and founded the company in 1971, according to Shipping Gazette.
However, Mr Smith hasn't indicated he plans to retire any time soon, reported Bloomberg News.
Mr Bronczek, 62, has been president of FedEx Express since 2000. FedEx said Mr Bronczek will become chief operating officer in January 2018, when he also will assume the title of president. A new head of FedEx Express will be named in autumn 2017.
The company also announced that head of market development Michael Glenn would retire by the end of the year for family reasons. Mr Glenn, 61, assumed his current position in 1998 and is responsible for marketing, sales, customer service and retail operations.
Mr Smith praised Mr Glenn as "the most brilliant marketer" he has ever met, adding in a statement that his departure represents "a tremendous loss" for the company.
Mr Bronczek will continue to oversee the integration of TNT Express that FedEx acquired for US$5 billion in May until assuming his new responsibilities.
Mr Bronczek, Mr Glenn and chief financial officer Alan Graf have been viewed inside and outside FedEx as potential successors to Mr Smith, who currently holds the titles of chairman, president and CEO.
Mr Graf, 63, joined the company in 1980 as a senior financial analyst and has held several management positions in the finance division.

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