FedEx CFO Lenz to retire

FedEx announced that Michael C. Lenz will retire as Executive Vice President and Chief Financial Officer effective July 31, 2023. An external search is underway for his successor. Lenz will serve as a Senior Advisor at FedEx until Dec. 31, 2023, to help ensure a smooth transition. “On behalf of the entire FedEx team, I want to thank Mike for his 18 years of dedicated service to the company,” said Raj Subramaniam, FedEx Corp. president and chief executive officer. “Mike has successfully led our finance organization for the past three years while helping the company navigate a period of significant change. We are grateful for his dedication and tireless work. He is leaving FedEx well positioned for the future as we continue to execute on our transformation.” FedEx has begun a comprehensive external search for his replacement with a focus on identifying a successor who combines deep financial expertise with strong operational capabilities.