Don Colleran, the president and CEO of FedEx Express, the biggest express delivery company in the world, announced his retirement after 40 years of service.
The FedEx Express global network, which runs through more than 650 airports globally and provides time-sensitive air-ground express service, provides services to more than 220 countries and territories.
Likewise, Colleran is in charge of and controls the FedEx Express business, which includes TNT Express and FedEx Express.
Richard W. Smith will take over for him on April 1, 2022, and he’ll begin working on September 1 of that year.
Wikipedia: How Old Is FedEx CEO Donald ‘Don’ Colleran?
Don Colleran appears to be a man in his late 60s based on his appearance and professional accomplishments. In a similar vein, an online user similarly listed Colleran’s age as 64.
Nevertheless, Richard, his replacement as CEO of FedEx, is currently 39 years old, according to a number of web sources.
Colleran, a Massachusetts native, earned a bachelor’s degree in business administration from the University of New Hampshire.
He is a part of the Board of Governors of IATA, the Board of Directors of ABM Industries, and the EastGroup Properties Board of Directors.
In addition, Irish America magazine named him one of its Business 100, and he is a member of the American Chamber of Commerce.
Don Colleran’s Earning And Salary From 40 Years Of FedEx Career
FedEx paid Donald Colleran a total salary of €4,426,780 when he was president and CEO of FedEx Express.
Frederick Smith is outpaid by six FedEx executives and has the highest salary of $11,125,800, according to the website Wall Mine.
Colleran began working for FedEx as an international sales manager in Philadelphia in 1989. He moved to Tokyo in 1992, starting a 12-year career in international sales and operations management.
Colleran rose to the position of managing director of sales for the North Pacific area when he was in Tokyo. He was chosen in 1997 to serve as the Asia-Pacific region’s vice president of sales, with its headquarters located in Hong Kong.
Colleran ran FedEx Canada for three years, starting in 2000, before being named senior vice president of international sales and moving to Memphis.
In 2006, he was made executive vice president of FedEx Services’ international sales and solutions.
His Net Worth As A President And CEO Of FedEx Express
Donald F. Colleran, president and CEO of FedEx Express, is thought to be worth roughly $22.84 million at the moment.
About 39,054 shares of the ordinary stock of the FedEx Corporation are held by Donald F. Colleran. Colleran sold goods at FedEx Corp. for an estimated $13.37M during the previous five years, according to the beginza website.
On the other hand, Colleran made his largest buy order on May 11, 2021, for 13,425 units, totaling more than $1.93 million. On May 4, 2021, Colleran received a sale order for 17,150 units worth more than $5.15 million.
Additionally, during his five years with FedEx Corporation, he has completed about 12 transactions; he typically completes transactions in June, with 2021 and 2017 being the busiest years.
Family: Who Is Don Colleran Wife?
Colleran does seem to be married, as evidenced by his wife and kids. The businessman has only released details about his professional life; he has remained mum about his personal life.
Basically, he was in responsible of the more than $70 billion in annual global revenue produced by all of the FedEx operational companies while serving as executive vice president and chief sales officer at FedEx Corp.
His global sales and service teams implemented the FedEx growth strategy. By providing opportunities for businesses to reach new markets, get around trade restrictions, and conduct business overseas, they help clients grow their operations.
Who Is Don Colleran? Everything To Know About President & CEO Of FedEx Express
Don Colleran Salary In 2022
As president and chief executive officer of FedEx Express, Donald Colleran is entitled to a total remuneration package from FedEx in the amount of €4,426,780. According to the website wall mining, Frederick Smith has the highest compensation at FedEx, coming in at $11,125,800, however there are six other FedEx executives who make more than he does.
The FedEx Corporation provides commercial, electronic commerce (e-commerce), and transportation services both within the United States and internationally. The FedEx Express division of the company offers a variety of delivery services, including those for time-sensitive transportation, cross-border e-commerce technologies, and e-commerce transportation solutions. These services include express delivery, small-package ground delivery, and freight delivery.
FedEx Ground provides delivery services on a certain day to residences as well as commercial establishments. Less-than-truckload freight transportation services are offered by FedEx Freight, which is a division of the company. As of the 31st of May, 2021, this category had approximately 29,000 autos and 400 service outlets.
More About Don Colleran Net Worth
It is estimated that Donald F. Colleran, who serves as president and chief executive officer of FedEx Express, has a net worth of approximately $22.84 million at the present time. Donald F. Colleran is the owner of about 39,054 shares of FedEx Corporation’s common stock. According to the information provided on the beginza website, Donald F. Colleran has racked up sales at FedEx Corp. totaling an estimated $13.37 million over the past five years.
Donald F. Colleran submitted his largest purchasing order on May 11, 2021, which included 13,425 items and a total price of more than $1.93 million. Donald F. Colleran was given a purchase order for 17,150 units that were valued at more than $5.15 million on May 4, 2021.
Donald F. Colleran has worked for FedEx Corporation for approximately five years and has successfully executed twelve deals. The month of June is often Donald F. Colleran’s busiest trading month, with 2021 and 2017 being his busiest years overall.
