Effective June 1, 2022, Frederick W Smith, FedEx chairman and CEO, will become executive chairman and Raj Subramaniam, president and COO, will be promoted to president and CEO.

Frederick W. Smith

“FedEx has changed the world by connecting people and possibilities for the last 50 years,” Smith said. “As we look toward what’s next, I have a great sense of satisfaction that a leader of the caliber of Raj Subramaniam will take 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.”

“When Fred Smith founded FedEx, he disrupted conventional thinking and created an industry. In his role as executive chairman, he will focus on the key issues, policies, and innovations that will continue moving FedEx and the world forward,” Steiner said. “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.”

Raj Subramaniam

Subramaniam was elected to the FedEx board of directors in 2020 and will maintain his seat on the board. Prior to his new role, Subramaniam was president and chief executive officer of FedEx Express, the world’s largest express transportation company. He joined FedEx in 1991.

“Fred is a visionary leader and a legend of the business world,” Subramaniam said. “He founded one of the world’s greatest and most admired companies, and it is my honor and privilege to step into this role and build upon what he has created. As we continue to transform as a company and reimagine what’s next, we will keep our people-service-profit philosophy at our core. I am immensely proud of our 600,000 team members around the world. Together we’ve set into motion ideas that have changed the world for the better, and together we will unlock new value for our people, customers, and shareholders.”