Indian American Raj Subramanian would be the new CEO (Chief Executive Officer) of FedEx. The US multinational courier service major made an announcement in this regard on Monday. The Indian American would replace Frederick W Smith, who is going to step down from this position on 1st June 2022.
Raj Subramanian would replace Frederick W Smith, chairman and CEO, who will step down from this position on June 1. Smith will now be its executive chairman.
Welcoming Raj in his new role, Smith said in a statement, “As we look toward what’s next, I have a great sense of satisfaction that a leader of the caliber of Raj Subramaniam will take FedEx into a very successful future.”
In his new role, Smith said he looks forward to focusing on Board governance as well as issues of global importance, including sustainability, innovation, and public policy. Smith had founded FedEx in 1971.
After the announcement, Raj Subramanian said in a statement issued by FeEx, “Fred is a visionary leader and a legend of the business world. He founded one of the world’s greatest and most admired companies, and it is my honour and privilege to step into this role and build upon what he has created.”
Headquartered out of Tennessee, FedEx has 600,000 employees globally.
Subramaniam was elected to the FedEx Board of Directors in 2020 and will maintain his seat on the Board, the company said.
Prior to his role as president and CEO of FedEx Corp., Subramaniam was president and CEO of FedEx Express, the world’s largest express transportation company. He also served as executive vice president and chief marketing and communications officer of FedEx Corp., where he was responsible for developing the corporate strategy.
In addition, he served as the president of FedEx Express in Canada and in several other management and marketing roles throughout Asia and the US since he joined FedEx in 1991.
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