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FedEx Archives: 1999 Press Releases

( BW)(TN-FDX-CORP)(FDX) FDX Corp. Adds 2 New Members To Its Board Of Directors

    Business Editors

    MEMPHIS, Tenn.--(BUSINESS WIRE)--Oct. 6, 1999--FDX Corp. (NYSE:FDX) has added two new members to the FDX Board of Directors with the election of James L. Barksdale, former head of Netscape Communications Corp., and Dr. Shirley Ann Jackson, president of Rensselaer Polytechnic Institute.
    During the FDX Annual Meeting on Sept. 27, shareholders approved a new three-year board term for Barksdale, who was previously president and chief executive officer of Netscape. Barksdale also served as president of McCaw Cellular Communications and was a former executive vice president and chief operating officer of Federal Express Corp. He founded The Barksdale Group, a venture capital firm, in April 1999.
    The FDX Board of Directors also named Dr. Jackson to the board, bringing its total membership to 15 directors. Dr. Jackson, a theoretical physicist, chaired the Nuclear Regulatory Commission prior to her investiture in September 1999 as the 18th president of Rensselaer Polytechnic Institute in Troy, N.Y. RPI is the nation's oldest university dedicated to science and engineering.
    Also at the annual meeting, shareholders re-elected four existing directors, all to three-year terms. Returned to the board were: Robert H. Allen, private investor and managing partner of Challenge Investment Partners; Robert L. Cox, a partner in Waring Cox law firm; Paul S. Walsh, chairman, president and chief executive officer of The Pillsbury Company; and Peter S. Willmott, chairman and chief executive officer of Willmott Services Inc., a retail and consulting firm.
    Other FDX board members continuing in office include Ralph D. DeNunzio, Judith L. Estrin, Philip Greer, George J. Mitchell, Jackson W. Smart Jr., Frederick W. Smith and Joshua I. Smith.
    FDX Corp., a $17 billion holding company, provides comprehensive transportation, logistics, e-commerce and supply chain management solutions. Its principal operating subsidiaries are Federal Express Corp., the world's largest express transportation company; RPS Inc., North America's second largest business-to-business ground small-package carrier; Viking Freight Inc., a less-than-truckload carrier operating principally in the western U.S.; Roberts Express Inc., a critical-shipment carrier; and FDX Logistics Inc., a contract logistics provider.

     --30--kh/na*

     CONTACT:  FDX Corp., Memphis
               Shirlee M. Clark, 901/818-7463

     KEYWORD:  TENNESSEE NEW YORK
     INDUSTRY KEYWORD:  TRANSPORTATION MANAGEMENT CHANGES
TRAVEL/AIRLINES