Ken May Resigns as Leader of FedEx Kinko’s

Brian Philips, Chief Operating Officer, Named Acting CEO

FedEx Corp. (NYSE: FDX) today announced Ken May has resigned as president and chief executive officer of FedEx Kinko’s. Brian Philips, chief operating officer of FedEx Kinko’s, will become acting CEO.

May assumed leadership of Dallas-based FedEx Kinko’s in January 2006, and his resignation is effective March 31. In a letter today to FedEx Kinko’s team members, May said, “After an incredible 25-year career with FedEx, the time has come for me to resign and refocus my energy on my family, friends and other personal interests.”

“Ken has been a true ambassador for our people-first philosophy throughout his career, and he relied on that philosophy to transform the culture at FedEx Kinko’s,” said T. Michael Glenn, chief executive officer of FedEx Services, which includes the operations of FedEx Kinko’s. “This people-first spirit will continue to guide the FedEx Kinko’s culture, and it’s important to note that FedEx Kinko’s continues to play a critical role in the overall growth strategy for FedEx.”

About FedEx Kinko’s Office and Print Services

FedEx Kinko’s Office and Print Services is the world’s leading provider of document solutions and business services. The Dallas-based company has a global network of about 1,900 digitally-connected locations in 11 countries. FedEx Kinko’s offers access to copying and digital printing, professional finishing, document creation, Internet access, computer rentals, videoconferencing, signs and graphics, notary, direct mail, office products, Web-based printing, and the full range of FedEx day-definite ground shipping and time-definite global express shipping services. For more information, please visit www.fedexkinkos.com.

About FedEx

FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenues of $36 billion, the company offers integrated business applications through operating companies competing collectively and managed collaboratively, under the respected FedEx brand. Consistently ranked among the world’s most admired and trusted employers, FedEx inspires its more than 290,000 employees and contractors to remain “absolutely, positively” focused on safety, the highest ethical and professional standards and the needs of their customers and communities. For more information, visit www.news.fedex.com.

Contacts

FedEx Corp.
Media Contact:
Jess Bunn, 901-818-7463
or
Investor Contact:
Mickey Foster, 901-818-7468