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Company veteran David Binks is to step down as European president of FedEx Express in June, retiring from the industry after 35 years.

Mr Binks’ decision ends a career that began in a record year for the company, 1983, when FedEx became the first US business to reach $1bn revenue without mergers or acquisitions.

Rising through the ranks, he went on to lead express teams in Europe, the Middle East and Canada, before playing an instrumental role in the TNT purchase.

FedEx Express chief ...

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