Ken May Explained

Kenneth A. May
Birth Place:Memphis, TN, USA
Other Names:Ken May
Education:Master of Business Administration
Chief Executive Officer,
Topgolf International, Inc.
Boards:March of Dimes Trustees
(chairman)

Kenneth A. May is the former CEO of FedEx Office, and chairman of the March of Dimes' board of trustees. In November 2011, he was appointed president of Krispy Kreme, and later in July 2014, May became President and CEO of Topgolf International, Inc. In November 2018, May joined golf entertainment company, Drive Shack Inc. as CEO. He is currently CEO of JumpShot.

Early life and education

Born in Memphis, Tennessee, May attended Harding Academy there.[1] A graduate of the University of Memphis and the University of Tennessee, May holds a master's degree in business administration from the latter.

Philanthropy

May has a daughter Alexa, who was born 12 weeks prematurely. The 2lb baby was kept in a neonatal intensive care unit for three months. May credits March of Dimes research with his daughter's survival.[2] He became a volunteer, and was elected to their national board in 2004. He chaired their annual WalkAmerica fundraiser in Dallas in 2006, and was elected chairman of the board of trustees on .

Career

UPS

May began his career as a part-time supervisor at the United Parcel Service (UPS) and worked there for three years but had no intention of becoming a UPS truck driver — a prerequisite for full-time work with the company — given his college degree.[3]

FedEx

In 1982 he interviewed with FedEx's Memphis hub and became a night-shift supervisor. He shipped 162,000 packages his first day.[3] He never intended to stay with the company, expecting to only be there six months.[3] He received a total of 13 promotions, becoming senior vice president of the domestic ground operations division of FedEx Express (where he managed 60,000 employees and oversaw all US operations), as well as senior vice president of their air-ground and freight services division.[4]

Kinko's

In 2002, Kinko's CEO Gary Kusin tried to hire May to become his chief operating officer, an offer the latter declined. May would become the CEO of the faltering company in January 2006, after FedEx bought the chain of stores in 2004. During his two-year tenure, May experimented with the chain's formula: changing stores' sizes, formats, and merchandise, as well as implementing "a kind of hub-and-spoke system [where] one large store would handle big print jobs for surrounding small ones."[5] When May took the reins of FedEx Kinko's, the 22,000-employee company had a turnover rate of 80 percent; two years later, in January 2008, turnover was down to 18 percent, and complaints had fallen by 65 percent.

May described his style as "based on being courageous enough to be bold", which included admitting mistakes and caring about people. Priding himself on his personable relationships with the chain's employees, May wrote upwards of 25–50 notes a week congratulating employees on birthdays, promotions, new babies, and achievements.[6]

In early 2006, May was the subject of a Time article titled "People to Watch In International Business" in which author Jeremy Caplan opined that the 45-year-old May "won't reprint his résumé anytime soon."[7] Kenneth May resigned as CEO of FedEx Office effective after a falling out with the corporation over future strategy of the copy chain; replacing May was his COO, Brian Philips.[8] [9] After the announcement, FedEx shares fell $1.77, or about 2 percent.

Krispy Kreme

On 28 November 2011, May became president of Krispy Kreme.[10]

Topgolf

In July 2013, May joined Topgolf as its chief operating officer. In July 2014, he was promoted to president and chief executive officer.[11]

Notes and References

  1. News: Jane . Roberts . FedEx Kinko's chief spreads passion for work . The Commercial Appeal . Memphis, Tennessee, USA . 2007-02-21 .
  2. Ken May, CEO of FedEx Kinko's, Named Chairman of the Board of Trustees of March of Dimes Foundation . . 2007-06-18 . November 13, 2014 .
  3. Boyle . Matthew . 2007-01-18 . Kinko's chief: 'Willing to take short-term pain' . . . New York City, New York, USA . 0015-8259 . 2009-02-28 . The FedEx-Kinko's merger has been a disappointment. But FedEx Kinko's CEO Ken May tells Fortune's Matthew Boyle that the company is back on the right track. . dead . https://web.archive.org/web/20110606082648/http://money.cnn.com/2007/01/17/news/companies/pluggedin_boyle_fedex.fortune/?postversion=2007011806 . 2011-06-06 .
  4. News: Jane . Roberts . FedEx Kinko's CEO steps down . https://web.archive.org/web/20080312090557/http://www.commercialappeal.com/news/2008/mar/08/fedex-kinkos-ceo-steps-down/ . dead . March 12, 2008 . . Memphis, Tennessee, USA . 2008-03-08 . 2009-02-28 . Memphian Ken May took helm of faltering chain in '06 .
  5. News: Claudia H. . Deutsch . Paper Jam at FedEx Kinko's . . 2007-05-05 . 2009-02-28 .
  6. News: Jane . Roberts . FedEx Kinko's CEO mixes boldness, humanity . The Commercial Appeal . Memphis, Tennessee, USA . 2008-01-09 . 2009-02-28 .
  7. Caplan. Jeremy. 2006-01-22. People to Watch In International Business. TIME. Time Warner. United States. 0040-781X.
  8. News: Katherine . Hunt . FedEx says Ken May resigns as president and CEO of FedEx Kinko's unit . . . New York City, New York, USA . 2008-03-07 . 2009-02-28 .
  9. News: Jane . Roberts . FedEx drops Kinko's name . The Commercial Appeal . Memphis, Tennessee, USA . 2008-06-03 . 2009-02-28 . 'FedEx Office' title proves expensive .
  10. News: Marcella Veneziale. National Restaurant News. 28 November 2011. Krispy Kreme names Kenneth May president, COO.
  11. Web site: Ken May - Topgolf . topgolf.com . dead . https://web.archive.org/web/20140629024616/http://topgolf.com/us/company/press-room/executive-bios/ken-may/ . 2014-06-29.