Indian American Raj Subramaniam to be new CEO of FedEx

Subramanian would replace Frederick W. Smith, Chairman and CEO, who will retire from this position on June 1.

Subramanian would replace Frederick W. Smith, Chairman and CEO, who will retire from this position on June 1.

Indian American Raj Subramaniam would become FedEx’s new Chief Executive Officer, according to an announcement made Monday by the American multinational courier delivery giant.

Mr. Subramanian would replace Frederick W. Smith, Chairman and CEO, who will retire on June 1. He now becomes the executive chairman.

“As we look to what lies ahead, I have a great sense of satisfaction that a leader of the caliber of Raj Subramaniam will lead FedEx to a very successful future,” Mr Smith said in a statement.

In his new role, Mr. Smith said he looks forward to focusing on board governance and issues of global concern, including sustainability, innovation and public policy. Smith had founded FedEx in 1971.

“Fred is a visionary leader and a legend of the business world. He founded one of the world’s largest and most admired companies, and I am honored and privileged to step into this role and build upon what he has created,” said Mr. Subramaniam in a statement from FedEx.

FedEx is headquartered in Tennessee and has 6,000,000 employees worldwide.

Subramaniam was elected to the FedEx board of directors in 2020 and will retain his seat on the board, the company said.

Prior to serving as president and chief operating officer of FedEx Corp., Mr. 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 Communication Officer of FedEx Corp., where he was responsible for developing the company’s strategy.

He also served as president of FedEx Express in Canada and held several other management and marketing positions in Asia and the US since joining FedEx in 1991.

“Raj is an experienced and proven leader, and he has the full support of the Board of Directors. He has more than 30 years of global strategy and operations experience and has led the company through a period of tremendous growth. I am confident that Raj will build on this foundation and take the company to even greater heights,” said David Steiner, chairman of the Board’s Governance, Safety, and Public Policy Committee.

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