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Pickard Retiring as President, CEO, FedEx Custom Critical
Operations Executive Virginia Albanese To Be Promoted
MEMPHIS, Tenn., May 8, 2007 – FedEx Custom Critical, a subsidiary of FedEx Corp. (NYSE: FDX), announced that John G. (Jack) Pickard, president and CEO, will retire June 1. He will be succeeded by Virginia Albanese, vice president of operations and customer service for FedEx Custom Critical.
"I am proud of what FedEx Custom Critical has accomplished in providing expedited freight solutions and outstanding customer service," said Pickard. "I have the utmost confidence that Virginia, with her solid operational experience, will help strengthen our competitive position in the marketplace."
Pickard reports to Douglas G. Duncan, president and CEO of FedEx Freight. "We appreciate the dedication and leadership that Jack provided for more than 20 years," Duncan said. "He built a solid management team, and we are pleased to be promoting one of its most experienced and talented members as his replacement."
John G. (Jack) Pickard
Jack Pickard joined Roberts Express in 1986 as a regional sales manager. (The company was purchased by FedEx as part of the Caliber System, Inc. acquisition in 1998 and renamed FedEx Custom Critical in 2000.) Pickard served as a vice president from 1989-2001, holding positions in sales, marketing and operations. He was appointed president and CEO of FedEx Custom Critical in 2001. Jack has played a key role in the company’s evolution in the changing expedited freight market segment.
Virginia Albanese
Virginia Albanese also joined Roberts Express in 1986 as a member of the customer service team and became an operations manager in 1991. She was named director of safety, recruiting and contractor relations in 1995. In 1999, Virginia was promoted to managing director of service and safety at FedEx Custom Critical. She was named vice president of service in 2001. She received both her bachelor’s degree and an executive Master of Business Administration degree from Kent State University.
About FedEx Freight
Within FedEx Corp., the FedEx Freight Segment had annual revenues of $3.6 billion in fiscal year 2006. The Segment includes FedEx Freight, a leading U.S. provider of regional next-day and second-day and interregional LTL freight services. FedEx Freight is known for exceptional service, reliability and on-time performance. Through a comprehensive network of nearly 330 service centers and advanced information systems, FedEx Freight provides service to virtually all U.S. ZIP codes, including Alaska and Hawaii. The carrier's regional and interregional LTL service is supported by a no-fee money-back guarantee on all eligible continental U.S. shipments. Internationally, the company serves Canada, Mexico, Puerto Rico, Central and South America, the Caribbean, Europe and Asia.
With corporate offices in Memphis, Tenn., the FedEx Freight Segment also includes FedEx National LTL, a leading provider of long-haul LTL services throughout North America; FedEx Freight Canada, an LTL operating company serving most points in Canada; FedEx Custom Critical, North America's largest time-specific, critical shipment carrier; and Caribbean Transportation Services, the leading provider of airfreight forwarding services between the United States and Puerto Rico.
About FedEx Custom Critical
FedEx Custom Critical provides expedited shipment solutions throughout North America and internationally. Among its divisions are Surface Expedite®, for exclusive-use shipping and time-definite services; Air Expedite®, for an array of expedited air solutions to meet customers’ critical delivery times; and White Glove Services®, for shipments that require extra care in handling, temperature control or specialized security.
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 revenues of $35 billion, the company offers integrated business applications through operating companies competing collectively and managed collaboratively, under the respected FedEx brand. Consistently ranked among the world's most admired and trusted employers, FedEx inspires its more than 275,000 employees and contractors to remain "absolutely, positively" focused on safety, the highest ethical and professional standards and the needs of their customers and communities. For more information, visit fedex.com.
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