Ken May will step down as president and chief executive of the package-delivery giant FedEx's Kinko's business, effective March 31.
Brian Philips, the chief operating officer of FedEx Kinko's, will become the unit's acting CEO.
May has held the top post at the chain of print-services stores since January 2006.
FedEx acquired Kinko's from private-equity firm Clayton, Dubilier & Rice Inc for US$2.4 billion in 2004 in a bid to enter the retail market and compete more effectively in the US with rival UPS.
Before becoming FedEx Kinko's CEO, Mr. May was its chief operating officer.
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