Indian-American Raj Subramaniam to be new CEO of FedEx: All you need to know about him-
Subramanian would replace Frederick W Smith, chairman and CEO, who will step down from this position on June 1.
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New Delhi, March 29: Indian American Raj Subramaniam is to be the new Chief Executive Officer (CEO) of FedEx, according to an announcement made by the US multinational courier delivery giant. Subramanian would replace Frederick W Smith, chairman and CEO, who will step down from this position on June 1.
"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," Subramaniam said in a statement issued by FedEx.
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.
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 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.
Subramaniam is from Kerala’s Thiruvananthapuram and now lives in Memphis, Tennessee – FedEx’s global headquarters. He holds bachelor’s degree in chemical engineering from IIT Bombay, a master’s degree in chemical engineering from Syracuse University, and an MBA from The University of Texas at Austin.
He will now be its executive chairman. "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," Smith said in a statement.
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.
"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," Subramaniam said in a statement issued by FedEx.
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.
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Prior to his role as president and Chief Operating Officer 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 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.
Subramaniam is from Kerala’s Thiruvananthapuram and now lives in Memphis, Tennessee – FedEx’s global headquarters. He holds bachelor’s degree in chemical engineering from IIT Bombay, a master’s degree in chemical engineering from Syracuse University, and an MBA from The University of Texas at Austin.