MEMPHIS, Tenn., – FedEx Corporation (NYSE: FDX) today announced that Lance Moll, president of FedEx Freight, will retire after a distinguished 33-year career with the company. He will serve in his current role until January 31 and then move into an executive advisor position until July 31 to ensure a seamless transition.
Moll joined FedEx in 1992 as a dock worker and served in a variety of field operations leadership positions as the company expanded its network over the years. In 2018, he was promoted to senior vice president of Operations. While in this role, he led the North American operations and linehaul network teams to successfully navigate through the pandemic and challenging economic times, while ensuring employee safety and customer service remained as the highest priorities. In 2021, Moll was elevated to his current position. Under his leadership, the Freight team achieved record safety results, profitability, and operating margin.
“Lance has been a key member of the FedEx Freight leadership team during his more than three-decade tenure,” said John Smith, chief operating officer of U.S. & Canada surface operations. “He is a clear expert on the industry and a true champion of the things that have brought FedEx Freight so much success in recent years: safety above all, communication drives progress, and innovation is key to differentiation. I am deeply grateful for his service and leadership and wish him the best in his well-deserved retirement.”
With Moll’s departure, the FedEx Freight team will continue to report through Smith until a new CEO is named. Smith, who previously served as the CEO of FedEx Freight for three years, will work closely with the Separation Management Office overseeing the separation of FedEx and FedEx Freight into two industry-leading public companies. The separation remains on track to be executed within 18 months.
About FedEx Corp.
FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce, and business services. With annual revenue of $87 billion, the company offers integrated business solutions utilizing its flexible, efficient, and intelligent global network. Consistently ranked among the world’s most admired and trusted employers, FedEx inspires its more than 500,000 employees to remain focused on safety, the highest ethical and professional standards, and the needs of their customers and communities. FedEx is committed to connecting people and possibilities around the world responsibly and resourcefully, with a goal to achieve carbon-neutral operations by 2040. To learn more, please visit fedex.com/about.
Cautionary Statement Regarding Forward-Looking Information
Certain statements in this press release may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act (the “PSLRA”), such as statements regarding the Separation and the expected timing of completion of the Exchange Offers and receipt of requisite consents in the Consent Solicitations. Forward-looking statements include those preceded by, followed by or that include the words “will,” “may,” “could,” “would,” “should,” “believes,” “expects,” “forecasts,” “anticipates,” “plans,” “estimates,” “targets,” “projects,” “intends” or similar expressions. Such forward-looking statements, which are intended to enjoy the protection of the safe harbor for forward-looking statements provided by the PSLRA as well as protections afforded by other securities laws, are subject to risks, uncertainties and other factors which could cause actual results to differ materially from historical experience or from future results expressed or implied by such forward-looking statements. Potential risks and uncertainties include, but are not limited to, FedEx’s ability to successfully implement the separation of FedEx and FedEx Freight into two industry-leading public companies and achieve the anticipated benefits of such transaction, and other factors which can be found in FedEx’s and its subsidiaries’ press releases and FedEx’s filings with the SEC, including its Annual Report on Form 10-K for the fiscal year ended May 31, 2024, and subsequently filed Quarterly Reports on Form 10-Q. Any forward-looking statement speaks only as of the date on which it is made. FedEx does not undertake or assume any obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.