Why did Dave Bronczek leave FedEx?
Why did Dave Bronczek leave FedEx?
A statement issued late yesterday said Bronczek made a “personal decision” to retire. In an SEC filing yesterday, FedEx said Bronczek’s decision was not based on any disagreement with the company’s “operations, policies and procedures.” He has also retired from his director’s post at International Paper Co.
Who is COO of FedEx?
Raj Subramaniam
Raj Subramaniam is President, Chief Operating Officer, and a Director of FedEx Corporation, one of the world’s largest transportation companies with an annual revenue of $84 billion.
Does FedEx match 401k?
In the new 401(k) plan, FedEx will provide an 8% match if an employee contributes 6% of salary. Currently, the plan’s match is 3.5% with a 6% contribution, but that includes the pension plan.
Who is the owner of FedEx?
FedEx
FedEx Express/Parent organizations
Is FedEx a privately owned company?
FedEx is a publicly-traded corporation, which means that it is owned by shareholders. This type of corporation is considered a for-profit corporation. The company is for-profit because it makes money by selling products or providing services. FedEx is a private company and is not a public utility.
What does the CEO of FedEx make?
Compensation by Company
| CEO Name | CEO Pay | Median Employee Pay |
|---|---|---|
| Frederick W. Smith | CEO Pay $11,138,548 | Median Employee Pay $49,059 |
What does David Bronczek’s departure mean for FedEx?
David Bronczek ’s sudden departure from FedEx will mean a multimillion-dollar cash payment for the longtime exec. Memphis-based FedEx Corp. announced Feb. 14 that Bronczek, president and chief operating officer for the shipping giant, had made a “personal decision to retire” and would be replaced by Raj Subramaniam.
Who is on the Board of directors at FedEx?
David J. Bronczek Joins FedEx Corporation Board of Directors January 28, 2019 FedEx Corp. (NYSE:FDX) announced today 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.
Who is Don Bronczek?
A native of Cleveland, Ohio, Mr. Bronczek graduated from Kent State University in 1976, the year he joined FedEx. He started as an hourly team member on the front lines of the company’s pickup and delivery operations and progressed through leadership roles in sales and operations.
How much did Chris Bronczek get paid when he retired?
According to that filing, Bronczek will receive a cash payment of roughly $2.5 million by March 31. The SEC form also stated, “Mr. Bronczek’s decision to retire did not involve any disagreement with FedEx on any matter relating to the Company’s operations, policies, or practices.”
