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March 10, 2020 10:45 AM, EDT

Mike Lenz to Succeed Alan Graf as FedEx CFO

FedExPackages move along conveyor belts as employees work at a FedEx Corp. shipping center in Chicago. (Christopher Dilts/Bloomberg News)

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FedEx. Corp. announced a major change in leadership March 9.

Mike Lenz has been appointed chief financial officer, succeeding Alan Graf, the company’s executive vice president and chief financial officer. Graf has been with the Memphis, Tenn.-based parcel delivery company since 1980 and CFO since 1991.

Graf will serve as CFO until Sept. 22 and remain with FedEx as executive vice president and senior adviser through the end of the year.

FedEx

Graf (left) and Lenz

“In his 40 years at FedEx, Alan has helped build and transform this company,” CEO Fred Smith said in a statement. “He has been part of every significant decision and helped navigate tremendous growth, strategic investments, international acquisitions and global challenges. FedEx would not be the $69 billion globally admired corporation we are today without his leadership.”

In 2005, Lenz joined the company as vice president of finance at FedEx Office. He became staff vice president of strategic finance at FedEx Corp. in 2010, followed by a promotion to his current role as corporate vice president and treasurer in 2012. Before joining FedEx, Lenz worked at American Airlines,

“Mike’s extensive experience in our industry and his financial background have proven him to be an asset to FedEx,” Smith said. “I look forward to having Mike join the executive committee for the corporation as we continue driving the strategy for long-term growth and profitability.”

Other promotions that were announced:

  •  Bert Nappier, regional European president, will become executive vice president and treasurer for FedEx Corp.
  •  Karen Reddington, regional Asian Pacific president, will succeed Nappier in Europe.
  •  Kawal Preet, senior vice president for North and South Pacific Operations, will succeed Reddington in the Asia Pacific role.

“Karen and Kawal have demonstrated results-oriented leadership throughout their careers and have worked closely with our FedEx Express CEO, Don Colleran, for many years,” Chief Operating Officer Raj Subramaniam said. “I appreciate their many contributions and am confident they will continue to deliver outstanding results in their new roles.”

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