Subramanian would take over as chairman and CEO from Frederick W Smith, who will step down on June 1. He will now serve as the company’s executive chairman.
According to an announcement made Monday by the US global courier service business, Raj Subramaniam, an Indian American, would be the new Chief Executive Officer of FedEx.
Subramanian would take over as chairman and CEO from Frederick W Smith, who will leave down on June 1. He will now serve as the company’s executive chairman.
“As we look forward to the future, I am certain that a leader of Raj Subramaniam’s calibre will lead FedEx to a very successful future,” Smith said in a statement.
Smith said he is looking forward to focusing on Board governance as well as global problems such as sustainability, innovation, and public policy in his new post. FedEx was started by Smith in 1971.
“Fred is a brilliant company leader and a business legend. He established one of the world’s most admired enterprises, and it is an honour and privilege for me to be a part of it.
FedEx is headquartered in Tennessee and employs 600,000 people worldwide.
Subramaniam was elected to the FedEx Board of Directors in 2020 and will serve on the board indefinitely, according to the corporation.
Subramaniam was president and CEO of FedEx Express, the world’s largest express transportation company, prior to becoming president and Chief Operating Officer of FedEx Corp. He also worked at FedEx Corp. as executive vice president and chief marketing and communications officer, where he was in charge of developing the company’s strategy.
Since joining FedEx in 1991, he has also served as president of FedEx Express in Canada and in a variety of other management and marketing jobs in Asia and the United States.
“Raj is an accomplished and seasoned leader who has the Board’s full support. He has over 30 years of global experience in strategy and operations, and he has guided the company during a period of rapid expansion. “I am certain that Raj will build on this foundation and lead the firm to even greater heights,” stated David Steiner, chair of the Governance, Safety, and Public Policy Committee of the Board of Directors.