Don Colleran, President and CEO of FedEx Express, the world’s largest express delivery company, announced his retirement after 40 years of service.
The FedEx Express global network, which serves more than 650 airports worldwide and provides urgent air-to-ground express service, serves more than 220 countries and territories.
Likewise, Colleran is in charge and controls the FedEx Express business, which includes TNT Express and FedEx Express.
Richard W. Smith will take over on April 1, 2022, and he will begin work on September 1 of that year.
Don Colleran
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 work accomplishments. In a similar vein, an online user also listed Colleran’s age as 64.
Nonetheless, Richard, his replacement as FedEx CEO, is currently 39, according to multiple web sources.
Colleran, a Massachusetts native, earned a bachelor’s degree in business administration from the University of New Hampshire.
He serves on the Board of Governors of IATA, the Board of Directors of ABM Industries and the Board of Directors of EastGroup Properties.
Additionally, Irish America magazine named him one of its Business 100 and he is a member of the American Chamber of Commerce.
Earnings and salary of Don Colleran after 40 years of career at FedEx
FedEx paid Donald Colleran a total salary of €4,426,780 when he was president and CEO of FedEx Express.
Frederick Smith is paid by six FedEx executives and has the highest salary of $11,125,800, according to the Wall Mine website.
Colleran began working for FedEx as an international sales manager in Philadelphia in 1989. He moved to Tokyo in 1992, beginning a 12-year career in international sales and operations management.
Colleran rose to the position of general manager of sales for the North Pacific region when he was in Tokyo. He was chosen in 1997 to serve as vice president of sales for the Asia-Pacific region, headquartered in Hong Kong.
Colleran led FedEx Canada for three years, beginning in 2000, before being named Senior Vice President of International Sales and moving to Memphis.
In 2006, he was named executive vice president of international sales and solutions for FedEx Services.
His net worth as President and CEO of FedEx Express
FedEx Express President and CEO Donald F. Colleran is believed to be worth around $22.84 million at the moment.
Approximately 39,054 common shares of FedEx Corporation are held by Donald F. Colleran. Colleran sold goods to FedEx Corp. for about $13.37 million over the previous five years, according to the beginza website.
On the other hand, Colleran placed its largest purchase order on May 11, 2021, for 13,425 units, totaling over $1.93 million. On May 4, 2021, Colleran received a sell order for 17,150 units worth over $5.15 million.
Additionally, during his five years with FedEx Corporation, he completed approximately 12 transactions; it typically closes deals in June, with 2021 and 2017 being the busiest years.
Don Colleran photographed with Paul Casey
Family: who is Don Colleran’s wife?
Colleran appears to be married, as evidenced by his wife and children. The businessman only revealed details about his professional life; he remained silent about his personal life.
Basically, he was responsible for the more than $70 billion in annual worldwide revenue generated by all of FedEx’s operating companies while serving as Executive Vice President and Chief Sales Officer at FedEx Corp.
Its global sales and service teams have implemented FedEx’s growth strategy. By giving companies the ability to access new markets, circumvent trade restrictions and do business overseas, they help their clients grow their businesses.
Who is Don Colleran? Everything you need to know about the President and CEO of FedEx Express
Salary of Don Colleran in 2022
As President and CEO of FedEx Express, Donald Colleran is entitled to total compensation from FedEx in the amount of €4,426,780. Frederick Smith has FedEx’s highest compensation at $11,125,800, according to the Wall Mining website, but there are six other FedEx executives who earn more than him.
FedEx Corporation provides commercial, electronic commerce (e-commerce), and transportation services in the United States and internationally. The company’s FedEx Express division offers a variety of delivery services, including those for urgent transportation, cross-border e-commerce technologies and e-commerce transportation solutions. These services include express delivery, ground small package delivery and freight delivery.
FedEx Ground provides certain-day delivery services to residences and commercial establishments. LTL freight services are provided by FedEx Freight, which is a division of the company. As of May 31, 2021, this category had approximately 29,000 automobiles and 400 service outlets.
Read more about Don Colleran net worth
Donald F. Colleran, who is the President and CEO of FedEx Express, is estimated to have a net worth of around $22.84 million at present. Donald F. Colleran owns approximately 39,054 common shares of FedEx Corporation. According to information provided on the beginza website, Donald F. Colleran has racked up sales at FedEx Corp. totaling approximately $13.37 million over the past five years.
Donald F. Colleran submitted his largest order on May 11, 2021, which included 13,425 items and a total price of over $1.93 million. Donald F. Colleran received a purchase order for 17,150 units worth over $5.15 million on May 4, 2021.
Donald F. Colleran has been with FedEx Corporation for approximately five years and has successfully executed twelve transactions. June is often Donald F. Colleran’s busiest trading month, with 2021 and 2017 being his busiest years overall.
