FedEx founder, executive chairman Frederick Smith dies

June 22, 2025 07:36 AM PDT | By EODHD

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FedEx founder, executive chairman Frederick Smith dies — Image source: Kalkine Media

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[FedEx CEO Frederick Smith Speaks At Small Business Summit] * Frederick W. Smith, the founder and executive chairman of FedEx (NYSE:FDX [https://seekingalpha.com/symbol/FDX]), died on Saturday. He was 80. * Smith founded the air delivery service in 1971 with operations beginning in 1973. He stepped down as CEO in 2022.

* Smith came up with the idea for FedEx, formerly known as Federal Express, in a term paper while an undergrad at Yale University. * "Fred was more than just the pioneer of an industry and the founder of our great company," CEO Raj Subramaniam said in a memo [https://investors.fedex.com/news-and-events/investor-news/investor-news-details/2025/FedEx-Message-Regarding-Passing-of-Founder-and-Executive-Chairman-Frederick-W--Smith/default.aspx] to employees. "He was the heart and soul of FedEx – its PSP culture, values, integrity, and spirit. He was a mentor to many and a source of inspiration to all." MORE ON FEDEX * FedEx Earnings Preview: Valuation Getting Compelling, But Negative Revisions Continue [https://seekingalpha.com/article/4796159-fedex-earnings-preview-valuation-getting-compelling-but-negative-revisions-continue] * FedEx Corporation: Consistency Is Key [https://seekingalpha.com/article/4792639-fedex-corporation-consistency-is-key] * FedEx: Steady Growth With Predictable Returns [https://seekingalpha.com/article/4790544-fedex-steady-growth-with-predictable-returns] * Earnings week ahead: MU, NKE, CCL, FDX, BB, GIS, WBA, and more [https://seekingalpha.com/news/4460043-earnings-week-ahead-mu-nke-ccl-fdx-bb-gis-wba-and-more] * Five out of six companies deliver EPS wins this week: Earnings Scorecard [https://seekingalpha.com/news/4460226-five-out-of-six-companies-deliver-eps-wins-this-week-earnings-scorecard]

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