Henry Maier has been promoted to president and chief executive officer of FedEx Ground, replacing retiring David Rebholz, who had been at the company for 37 years.
Maier, who currently serves as FedEx Ground’s executive vice president, will take over May 31. Once assuming his new role, the 25-year FedEx veteran will lead the entire FedEx Ground segment and serve on FedEx’s strategic management committee.
FedEx Chairman Frederick W. Smith praised Maier’s experience and his long-time role as a leader in the company.
“I have the utmost confidence that under Henry's leadership, FedEx Ground will continue to successfully drive its growth strategy and further strengthen its competitive position,” he said in a statement.
In the company’s fiscal second quarter, which ended Nov. 30, FedEx Ground’s revenue was up by 11 percent to $2.59 billion, year over year. Operating income also rose by 4 percent, when compared to the previous year, to $412 million, though the unit’s operating margin declined by 17 percent. During the second quarter, FedEx Ground’s average daily volume grew by 8 percent. - Jon Ross