leadership
confidence high
sentiment neutral
materiality 0.60
FedEx EVP Chief Digital Officer Krishnasamy departs; separation deal includes $3.27M cash
FEDEX CORP
- Krishnasamy stepped down as EVP Chief Digital and Information Officer effective July 17, 2025; will serve as Executive Advisor until Oct 31, 2025.
- Separation cash payment of $3,272,711 (24 months base pay + 150% of FY2025 AIP target) to be paid on or before Sept 30, 2025.
- Unvested equity awards (stock options and restricted stock) accelerated to vest on separation date; no future annual or long-term incentive payments.
- Agreement includes 2-year non-compete covering UPS, DHL, USPS, Amazon; non-solicitation of employees and customers.
- Company states Krishnasamy successfully delivered $4B DRIVE structural cost reduction target and led FedEx Dataworks digital transformation.
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