FedEx shares jumped nearly 12%, reflecting a cheerful response to the $1.15 per share dividend
The new directors are Amy Lane, a former Merrill Lynch executive, and ex-Union Pacific Corp chief operating officer Jim Vena. Their addition brings the board’s strength to 14 directors, 12 of whom are independent.
FedEx has also added total shareholder return as an additional performance metric to its executive compensation program. “We look forward to sharing more detail on our strategy and long-term objectives at our investor day later this month,” Chief Financial Officer Michael Lenz said in a statement. FedEx will on June 28-29 host its first investor day under the leadership of Raj Subramaniam, who replaced founder and long-time top boss Fred Smith in June., which in part dented its last quarterly results.Be smart with your money. Get the latest investing insights delivered right to your inbox three times a week, with the Globe Investor newsletter.