Transport and logistics giant FedEx Corp. has named David J. Bronczek as its president and chief operating officer effective Feb. 1, making the change 11 months earlier than originally planned. Frederick W. Smith remains as the company's chairman and chief executive officer.
Memphis-based FedEx had first announced its plans for the leadership change in September, saying Bronczek would take over the position on Jan. 1, 2018, but accelerated its plans because the integration of TNT into FedEx Express went faster than expected, the company said. FedEx paid $4.8 billion in May 2016 to acquire Dutch delivery firm TNT Express N.V., combining TNT's strong European road haulage network with FedEx's worldwide air infrastructure.
The new year also saw the retirement of T. Michael Glenn, who had served for nearly 20 years as executive vice president for market development and corporate communications. He stepped down on Dec. 31.
Bronczek will assume a new title in the company, with responsibility for marketing, sales, and all FedEx operating companies. He had previously served as CEO of FedEx Express, the company's air and international unit.
Replacing Bronczek as president and CEO of FedEx Express will be David L. Cunningham, who had previously served as regional president of the Asia Pacific Region and most recently as executive vice president and chief operating officer. In his new position, Cunningham will be responsible for the leadership and direction of the FedEx Express group, which includes FedEx Express and TNT.
"While this was announced last September, substantial progress in integrating the TNT acquisition into FedEx Express now allows us to accelerate Dave [Bronczek's] promotion by 11 months in advance of fiscal year 2018," Smith said in a release. "He is uniquely qualified to take on the position of president and chief operating officer. Under Dave's leadership for the past 17 years, the FedEx Express team has achieved outstanding financial results and service levels."