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Press Releases
HONG KONG, June 26, 2000 - Frederick W. Smith, chairman,
president, and CEO of Federal Express Corporation (FedEx),
the world's largest express transportation company, has been
elected Chairman of the US-China Business Council, the principal
organization of American companies engaged in trade and investment
with the People's Republic of China.
The Council's Board of Directors elected Mr. Smith to replace
Michael R. Bonsignore, chairman and chief executive officer
of Honeywell, who has completed his term of service.
"We are extremely pleased that Mr. Smith will serve as Chairman
of the U.S.-China Business Council. This further demonstrates
the strong commitment of FedEx to China," said David Cunningham,
President of Asia Pacific division. "We currently fly 10
frequencies a week connecting China to 30 economies in Asia
as well as the U.S. We also serve a total of 144 Chinese
cities throughout the country and plan to add another 100
cities within the next five years. Working together with
our joint venture partner, we are in a key position to vigorously
promote the economic growth and trade of China," added Cunningham.
Other officers elected for the coming year include Roger
G. Ackerman, chairman and CEO of Corning Incorporated, as
Vice Chairman; Ambassador Carla A. Hills, chairman and CEO
of Hills and Company and former United States Trade Representative,
as Vice Chairman; Vaughn A. Koshkarian, vice president of
Ford Motor Company and president of Ford Asia Pacific Operations,
as Secretary- Treasurer; Larry L. Simms, partner, Gibson,
Dunn & Crutcher, LLP, as Counsel; and Robert A. Kapp as President.
FedEx currently serves more than 30 countries and territories
in the Asia Pacific market with over 5,000 employees. The
company provides the most extensive trans-Pacific airlift
of any major competitor. Operating its own wide-bodied MD-11,
DC-10 and A310 aircraft, FedEx offers over 260 flights per
week to Bangkok, Beijing, Cebu, Hong Kong, Jakarta, Kaohsiung,
Kuala Lumpur, Manila, Osaka, Penang, Seoul, Shanghai, Shenzhen,
Singapore, Subic Bay, Sydney, Taipei and Tokyo, as well as
destinations in the United States.
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