Martin, Ramo to FedEx Board as Hyde Retires Position
Brad Martin and Joshua Cooper Ramo are the newest directors on the board of FedEx Corp.
Each was elected to the board of the Memphis-based corporation this week at the annual shareholders’ meeting.
At the same meeting, shareholders approved executive pay plans including a $1.3 million base salary for company founder and CEO Fred Smith, not including equity-based compensation and bonuses.
Martin is chairman of RBM Venture Co., an investment company. He serves on the boards of Lululemon Athletica Inc., Dillard’s Inc. and First Horizon National Corp. Martin is also the founder of The Martin Institute, a nonprofit education reform foundation.
Ramo is vice chairman of Kissinger Associates, an advisory firm, and serves on the Starbucks Corp. board.
Martin and Ramo were elected to one-year terms as J.R. “Pitt” Hyde, the founder of AutoZone Inc., announced his retirement from the board. Hyde joined the FedEx board in 1977.
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