News / FedEx set to deliver greater focus on financials after boardroom shuffle

© Alexey Novikov |

Barely two weeks after founder Fred Smith handed over the reins of FedEx to his anointed successor, Raj Subramaniam, the integrator has revealed a major change in its boardroom and a greater focus on financials.

Management has raised the quarterly dividend by more than 50%, tied executive compensation and investment to shareholder return performance and brought in two external directors to the board, with a third to follow.

To the delight of shareholders, FedEx announced the quarterly dividend would be raised 53%, ...