Changes at the helm of Fedex Corp
Frederick W. Smith (left), chairman and CEO, will become executive chairman, and Raj Subramaniam (right), president and COO, will be promoted to president and CEO of Fedex Corporation.
In addition, R. Brad Martin, chair of the board’s audit committee, is now non-executive vice chairman of the board. As vice chairman of the board, Martin is the board’s designated successor to serve as chairman of the board.
David P. Steiner, chair of the board’s governance, safety, and public policy committee, will continue to serve as lead independent director. Smith and Subramaniam will both report directly to the board, and the COO position will not be backfilled.
As part of the transition, Subramaniam has been named president and CEO-elect of Fedex Corporation, effective immediately. (cj)