FedEx names Raj Subramaniam as CEO, replacing founder Fred S - CNBC
FedEx Corp. said Monday that Fred S will step down on June 1 as CEO of the package-delivery company that he founded and be succeeded by the company’s president and chief operating officer.Raj Subramaniam will serve as both CEO and president and Smith will become executive chairman, the package-delivery company said.
Smith, 77, started FedEx in 1973, delivering small parcels and documents more quickly than the post office could. Over the next half-century, he oversaw the growth of a company that combined air and ground service and became something of an economic bellwether because of its service to other companies.
