FedEx Corporation announced that Michael C. Lenz will retire as Executive Vice President effective July 31, 2023. An external search is underway for his successor. Lenz will serve as a Senior Advisor at FedEx until Dec.

31, 2023, to help ensure a smooth transition. FedEx has begun a comprehensive external search for his replacement with a focus on identifying a successor who combines deep financial expertise with strong operational capabilities. Lenz was named CFO in March 2020 and helped lead the company through the global pandemic.

His leadership also helped lay the groundwork for the upcoming consolidation of the company’s core operating companies into one FedEx. Lenz joined FedEx in 2005 as Vice President of Finance at FedEx Office. He became Staff Vice President of Strategic Finance at FedEx Corporation in 2010, followed by a promotion to Corporate Vice President and Treasurer in 2012.

Prior to joining FedEx, Lenz worked at American Airlines and Boeing.