Indian-American Raj Subramaniam takes over as President and CEO of FedX

San Francisco: Indian-American Raj Subramaniam has become the chairman and CEO of FedEx, the US shipping and courier delivery giant has announced.

Subramanian would replace Frederick W. Smith, chairman and CEO, who steps down June 1.

“As we continue to transform as a company and reinvent the future, we will keep our philosophy of serving people and profit at our core,” Subramaniam said.

Smith will become executive chairman, the company announced Monday evening.

“As we look ahead, I have a great sense of satisfaction that a leader of the caliber of Raj Subramaniam will lead FedEx into a very successful future.

“In my role as Executive Chairman, I look forward to focusing on board governance as well as issues of global importance, including sustainability, innovation and public policy,” he said. he said in a statement.

Subramaniam was elected to the FedEx Board of Directors in 2020 and will retain his seat on the board.

Previously, he was President and CEO of FedEx Express, the world’s largest express transportation company.

Additionally, he served as President of FedEx Express in Canada and held several other management and marketing positions in Asia and the United States since joining FedEx in 1991.

“I am immensely proud of our 600,000 team members around the world. Together we have implemented ideas that have changed the world for the better, and together we will create new value for our employees, customers and shareholders,” said Subramaniam.

(IANS)