Tuesday 29 March 2022 9:27 PM UTC
WASHINGTON March 29: Indian-American Raj Subramaniam would be the new Chief Executive Officer of FedEx, according to an announcement made Monday by the US multinational courier delivery giant.
Raj Subramaniam is originally from Kerala’s Thiruvananthapuram and now lives in Memphis, Tennessee – FedEx’s global headquarters.
He would replace Frederick W Smith, chairman and CEO, who will step down from this position on June 1. 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 calibre 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.
FedEx has 600,000 employees globally.
Raj Subramaniam was elected to the FedEx Board of Directors in 2020 and will maintain his seat on the Board, the company said.
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 the 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.
He earned his bachelor’s degree in chemical engineering from IIT Bombay, a master’s degree in the same field from Syracuse University, New York, and an MBA from the University of Texax.
Subramaniam was honoured with IIT Bombay’s Distinguished Alumnus Award for his achievements in the corporate world. He was also inducted into the Hall of Fame at Fogelman College of Business and Economics at the University of Memphis and named a Distinguished Friend of the university in 2016.
Meanwhile, Shashi Tharoor, member of parliament from Thiruvananthapuram, congratulated Subramaniam by saying, “always thrilled when a Thiruvananthapuram native triumphs!”
Always thrilled when a Thiruvananthapuram native triumphs! @FedEx names Raj Subramaniam as CEO, replacing founder Fred Smithhttps://t.co/0vNmVeT2pj One more major international firm headed by an Indian — & this time a former constituent. Congratulations Raj!
— Shashi Tharoor (@ShashiTharoor) March 29, 2022
Sanjay Poonen, fellow Kerala-American who is an investor in America and was President at SAP, said “Congrats Raj!!! Super proud of you at the helm of an iconic company!”
“Raj is an accomplished 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 tremendous growth. I am confident that Raj will build on this foundation and take the company to even greater heights,” said David Steiner, chair of the Board’s Governance, Safety, and Public Policy Committee.
Frederick W. Smith Chairman and CEO said: “Raj has more than 30 years of experienceopens in a new window at FedEx in key global leadership roles across the FedEx portfolio of operating companies. When he served as Chief Marketing Officer, Raj developed many of the strategies that are in place today, and I am confident they will continue to drive outstanding results for our customers, team members, suppliers, communities, and shareholders.
Raj is a brilliant and humble man with great empathy for our various constituencies especially our frontline team members and customers. He is a gentleman of impeccable integrity and is a consummate team player. He has a wonderful family and a broad network of friends around the globe. Given his mix of experience, I can’t think of a better executive in the world to take on the role of CEO of FedEx. There is no doubt he is the right leader to take FedEx into a successful future.
Read the letter from Frederick W. Smith to FedEx employees HERE.
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