American Indian Raj Subramaniam will be the new CEO of FedEx, according to an announcement made Monday by the U.S. multinational courier shipping giant.
Raj Subramanian will replace Frederick W Smith, chairman and CEO, who will step down on June 1. He will now be its executive chairman.
“As we look towards what is to come, I feel very pleased that a leader of Raj Subramaniam’s caliber will lead FedEx into a very successful future,” Smith said in a statement.
In his new role, Smith said he hopes to focus on Board governance as well as issues of global interest, including sustainability, innovation and public policy. Smith founded FedEx in 1971.
“Fred is a visionary leader and legend of the business world. He founded one of the largest and most admired companies in the world, and it is my honor and privilege to step into this role and build on what he has created,” Mr Subramaniam said. in a statement issued by FedEx.
Headquartered in Tennessee, FedEx has 600,000 employees worldwide.
Mr. Subramaniam was elected to the FedEx Board of Directors in 2020 and will retain his seat on the Board, the company said.
Prior to his position 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 communications officer of FedEx Corp., where he was responsible for developing corporate strategy.
In addition, he has served as president of FedEx Express in Canada and in several other management and marketing roles throughout Asia and the U.S. since he joined FedEx in 1991.
“Raj is a successful and proven leader, and he has the full support of the Board. He has more than 30 years of global experience across strategy and operations and has led the company through a period of remarkable growth. I am confident Raj will build on this foundation. and take the company to the next level, ”said David Steiner, chairman of the Board’s Governance, Safety and Public Policy Committee.
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