FedEx CEO Fred Smith told CNBC he doesn't plan on leaving the company in the near future, despite activist hedge fund manager Dan Loeb's recent emergence as a major shareholder in the company.
"Well the clock ticks on," Smith said on "Squawk Box" on Friday. "We are mortal, but I don't plan on going anyplace in the near future."
Loeb, who is known for writing acerbic letters to CEOs of companies in which he invests, revealed earlier this week that he bought a large stake in FedEx and met with Smith last week.
In an interview at The New York Times' DealBook conference and aired on CNBC, Loeb said he didn't plan to write one of his trademark letters to FedEx's CEO any time soon.
Smith said the meeting with Loeb was no different than his meetings with regular shareholders.
Smith said he was "flattered" that Loeb took the position in his company.
(Read more: Big business at risk as shareholder activism booms)
"We said it was great," Smith said. "We meet with shareholders all the time. There was nothing unusual about that. [Loeb] is always looking for an opportunity in an undervalued company, and in some cases, he thinks they are undervalued because management didn't do the right thing."
According to SEC documents filed Thursday, Loeb's hedge bought 2 million shares of FedEx during the third quarter
Two other well-known hedge fund managers also recently took out large positions in FedEx, the Times reported Thursday: George Soros' hedge fund bought 1.5 million shares and call options worth an additional 375,000 shares, and John Paulson's fund took out a stake worth 648,000 shares.