Mark R. Allen knows FedEx well. He started working there two years after earning his law degree from Memphis State University in 1980. Today, FedEx announced he will be taking the highest legal position in the company as executive vice president, general counsel and secretary on Oct. 1, 2017.
The global shipping giant posted $60 billion in annual revenue in May.
“FedEx is one of the world’s most admired companies and brands. It’s a household name and as such there’s going to be a high degree of scrutiny on a leader like a new general counsel. There’s a lot of visibility,” said Jason Winmill, a partner for the Boston-based legal consulting group Argopoint.
In other words, no pressure.
Allen started out as an associate attorney in 1982 and worked his way up through several different legal offices. He currently serves as senior vice president, legal and international general counsel at FedEx Express, a subsidiary. He has been stationed in Memphis, Toronto, Hong Kong and Brussels.
“Mark Allen has progressed through the FedEx ranks and served in leadership roles with responsibility for every international region of the company,” said FedEx CEO Frederick W. Smith in a release.
When companies hire new general counsel from within, their first move is to generally assess the legal department and needs of the company, Winmill said. “If there are gaps and issues, this is the time to acknowledge them and put a plan in place to address them,” he said.
Current general counsel for FedEx Christine P. Richards will remain in the role until she retires on Sept. 30, 2017.
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