FEDEX CEO WEISE TO RETIRE
Theodore L. "Ted" Weise, president and chief executive officer
Federal Express Corp., will retire at the end of January 2000. David J.
Bronczek, FedEx’s executive vice president and chief operating officer,
will replace Weise.
Weise succeeded FedEx founder Frederick W. Smith as CEO in January 1998,
after serving as executive vice president of worldwide operations. Smith remains CEO of
FDX, FedEx’s parent company.
Weise will continue to serve on FedEx’s operating company board and as a
consultant to the air operations division following his retirement.
Bronczek, a 23-year veteran of FedEx, oversees the company’s global
operations and is also responsible for sales, e-commerce and customer service divisions.
He was senior vice president of Europe, Mideast and Africa from 1993 to 1998.