
Shipping and logistics company FedEx Corp (NYSE:FDX) announced Tuesday morning a change to its CEO to happen later in 2022 as its founder and longtime CEO will step down. Here’s a look at how shares have performed since their IPO.
What Happened: FedEx announced Fred Smith, the founder, CEO and chairman of the company, will step down on June 1, 2022, and transition to the executive chairman role, according to Benzinga Pro.