FedEx Corp. elects Steve Loranger, ITT chairman, as new director
Shareowners of FedEx Corp. (NYSE: FDX) today elected Steven R. Loranger, chairman, president and chief executive officer of ITT Corporation, to the corporation’s Board of Directors for a one-year term. The Board of Directors has appointed Loranger as a member of its Audit committee.
“We are thrilled to have Steve join our Board of Directors,” said Frederick W. Smith, chairman, president and chief executive officer of FedEx Corp. “His leadership experience and high level of personal and professional ethics, integrity and values will further strengthen the independence and quality of the FedEx Board.”
Before being named to his current position at ITT Corporation, a global, multi-industry engineering and manufacturing company, Loranger was executive vice president and chief operating officer of Textron, Inc., a global aircraft, industrial and finance company. Before joining Textron, Loranger held various executive positions at Honeywell International Inc. and its predecessor AlliedSignal, Inc., a technology and manufacturing company, including president and chief executive officer of Honeywell’s Engines, Systems and Services division. Loranger served as an officer and pilot in the United States Navy from 1975 to 1981. Loranger is a Phi Beta Kappa graduate of the University of Colorado, where he earned bachelor’s and master’s degrees in natural science.
At its annual meeting today, shareowners also re-elected the other thirteen director nominees, each for a one-year term. They are: Frederick W. Smith, James L. Barksdale, August A. Busch IV, John A. Edwardson, Judith L. Estrin, J. Kenneth Glass, Philip Greer, J.R. Hyde, III, Shirley A. Jackson, Charles T. Manatt, Joshua I. Smith, Paul S. Walsh and Peter S. Willmott.
