FedEx CEO at 67 Has Industry Asking Who Follows Founder
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Fred Smith has taken FedEx Corp. from an idea in a college essay to the world’s biggest cargo airline over the past four decades. Now the company has to figure out how to plan for the founder’s eventual departure.
Smith, who holds the titles of president, chief executive officer and chairman, has built FedEx to more than $39 billion in annual revenue and $27 billion in market value. It’s the largest company in the Standard & Poor’s 500 Industrials Index led by its founder, based on data compiled by Bloomberg.