Indian-American Raj Subramaniam has become the new CEO of US-based multinational courier delivery giant, FedEx, the company announced on 28th March. Subramanian will replace Frederick W. Smith, chairman and the current CEO, who will retire on June 1. Smith who founded FedEx in 1971 will then serve as the executive chairman of the company. Smith will focus on issues of global importance, such as sustainability, innovation and public policy, in his new role.
Currently, Raj serves as the company’s president and chief operating officer. In addition, he will remain a member of FedEx’s board of directors, where he was elected in 2020.
When did Raj Subramaniam joined FedEx?
Subramaniam joined FedEx in 1991 and has held several marketing and management jobs in the US and abroad. FedEx Express, the world’s largest express transportation company, hired him as its chief marketing and communications officer, and he later became its president and CEO. In 2019, he became the company’s president and chief operating officer.
He has served in numerous management and marketing roles at FedEx throughout Asia and the United States, besides being the President of FedEx Express in Canada. Originally from Thiruvananthapuram, he now resides in Memphis, Tennessee, FedEx’s global headquarters. In addition to his bachelor’s degree in chemical engineering from IIT Bombay, he holds an MBA from The University of Texas at Austin, a master’s degree in chemical engineering from Syracuse University, and a master’s degree in chemical engineering from Syracuse University.
FedEx new delivery model.
FedEx is one of the leading names in the courier delivery sector. The company announced in March that it was developing a delivery system using electric cars. According to the company, it was able to deliver 15 per cent more packages per day than a traditional delivery model using electric carts. With the new delivery model, the company estimates it can reduce the truck usage by as much as 25 per cent every day on each route.
“It has been the greatest privilege of my career to work for Fred and learn from one of the most brilliant business minds of our lifetime. It is an honour to be selected as his successor as CEO of FedEx and to continue delivering the Purple Promise in this new role with Team FedEx,” Subramaniam posted on LinkedIn.