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FedEx names Henry Maier to run ground unit

MEMPHIS, Tenn. (AP) -- FedEx Corp. has named Henry J. Maier to run its FedEx Ground unit, succeeding David F. Rebholz, who is retiring in May.

Maier will be president and CEO of the unit, which includes FedEx Ground, FedEx Home Delivery and FedEx SmartPost, the company announced after the markets closed Monday.

Maier has been at FedEx for 25 years, including his current job as executive vice president at FedEx Ground, where he was responsible for strategic planning, corporate communications, and contractor relations.

Ground shipments are an increasingly important part of FedEx's business. That area has traditionally been dominated by the larger United Parcel Service Inc., although both companies run air and ground operations.

"Henry has vast experience going back to the early days of FedEx Ground and has played a leading role in shaping the incredible long-term success of the company," said Frederick W. Smith, chairman, president and CEO of FedEx Corp.

Rebholz is retiring on May 31 after a 37-year career at FedEx, the company said.

FedEx shares closed at $98.42 on Monday after finishing at a high for the past year of $98.74.