- 13 March 2020
- Transport / Logistics Services
Mike Lenz is to be the new Chief Financial Officer (CFO) of FedEx Corp, replacing Alan Graf Jr who is retiring on 31 December of this year.
Lenz is the current corporate vice president and treasurer, and has been so since 2012. He has been at the company since 2005, with roles at American Airlines in finance, fleet planning and international planning there.
Graf has been at FedEx since 1980 and was CFO at FedEx Express in 1991, being promoted to CFO of FedEx Corp in 1998. He is to remain in post until September this year and is then to be executive VP and senior advisor until the end of the year.
“In his 40 years at FedEx, Alan has helped build and transform this company,” Fred Smith, FedEx Corp. chairman and chief executive officer, said in a release.
“He has been part of every significant decision and helped navigate tremendous growth, strategic investments, international acquisitions, and global challenges. FedEx would not be the $69 billion globally admired corporation we are today without his leadership.”Mike’s extensive experience in our industry and his financial background have proven him to be an asset to FedEx,” Smith continued.
“I look forward to having Mike join the executive committee for the corporation as we continue driving the strategy for long-term growth and profitability.”