- FedEx Corp FDX has promoted its President and Chief Operating Officer (COO), Raj Subramaniam, to Chief Executive Officer (CEO) and President, effective June 1, 2022.
- The company's Chairman and CEO, Frederick W. Smith, will become Executive Chairman, effective the same date.
- Subramaniam has been named President and CEO-elect of FedEx, effective immediately. Subramaniam, who was elected to the FedEx Board in 2020, will maintain his seat on the Board.
- Smith and Subramaniam will both report directly to the Board, and the COO position will not be backfilled.
- Subramaniam joined FedEx in 1991 and has served in many executive roles over the years, including CEO of FedEx Express.
- Price Action: FDX shares closed higher by 1.54% at $230.05 on Monday.
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Posted In:
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
