FedEx names Raj Subramaniam as CEO, replacing founder Fred Smith
FedEx Express President and CEO Raj Subramaniam during the final round of the World Golf Championships – FedEx St. Jude Invitational on July 28, 2019 in Memphis, Tennessee.
Michael Wade | Icon Sportswire | Getty Images
U.S. package delivery company FedEx Corp on Monday named Raj Subramaniam as its new chief executive officer effective June 1, succeeding Fred Smith, who founded the company in 1973.
Smith will transition to the role of executive chairman, overseeing sustainability, innovation, public policy and other global issues, FedEx said.
Subramaniam joined FedEx in 1991 and is currently the company’s chief operating officer. He takes the helm as the company faces mounting competition from historical rival United Parcel Service and former customer Amazon.com.
This is a developing story. Check back for updates.
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