Washington - Business Roundtable CEO Joshua Bolten today released the following statement on the passing of FedEx founder and former Business Roundtable member Frederick W. Smith:

“We are profoundly saddened by the loss of Fred Smith, a visionary who transformed global commerce and showed the world the power of bold, entrepreneurial leadership. As a longtime, active member of Business Roundtable, Fred constantly inspired us to think bigger and move faster on the nation’s most pressing economic policy challenges.

“I personally was a huge admirer of Fred’s intellect, integrity and relentless drive, and I will always be grateful for his generosity of spirit and wise counsel.

“Our thoughts are with Fred’s family and the entire FedEx community as we honor the extraordinary legacy he leaves behind.”