It's hard to imagine a Memphis household that wasn't affected in some way, large (employment) or small (the Grizzlies), by FedEx founder Fred Smith.

Fred Smith, the FedEx Corp. founder who revolutionized the express delivery industry, has died, the company said. He was 80.

The FedEx Corp. board of directors has elected R. Brad Martin as chairman to replace founder and executive chairman Frederick Smith, who died Saturday, and voted to reduce the size of the board to 12 members, the company said in a regulatory filing.