FedEx Corp. founder Fred Smith will step down as CEO in June

Published March 28, 2022 2:24 PM

By The Associated Press

Company founder Fred Smith is stepping down as CEO of FedEx in June. The company said Tuesday that Smith will become executive chairman. FedEx Chief Operating Officer Raj Subramaniam will become CEO. Smith 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. The new CEO, Subramaniam, joined FedEx in 1991 and rose through a series of marketing and management jobs in Asia and the United States.

Article Topic Follows: AP National Business

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

News Channel 3 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.