The US multinational courier delivery giant FedEx announced Indian American Raj Subramaniam as the new Chief Executive Officer of FedEx. Subramaniam would replace Chairman and CEO Frederick W Smith who will now be its Executive Chairman.
Previously in his role as President and Chief Operating Officer of FedEx Corp., Subramaniam was president and CEO of FedEx Express. 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.
He also 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. Subramaniam was elected to the FedEx Board of Directors in 2020 and will maintain his seat on the Board.
Subramanian said, “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.”
On the other hand, Smith said he looks forward to focusing on Board governance as well as issues of global importance, including sustainability, innovation, and public policy. “I have a great sense of satisfaction that a leader of the caliber of Raj Subramaniam will take FedEx into a very successful future,” he added.
