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Indian-American Raj Subramaniam has become the President and CEO of FedEx, the US-based multinational transportation and courier delivery giant has announced.
Subramanian would replace Frederick W Smith, chairman and CEO, who will step down on 1 June.
"As we continue to transform as a company and reimagine what's next, we will keep our people-service-profit philosophy at our core," said Subramaniam.
Smith will become Executive Chairman, the company announced late on Monday.
"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."
Subramaniam was elected to the FedEx Board of Directors in 2020 and will maintain his seat on the Board.
Prior to this, he was President and CEO of FedEx Express, the world's largest express transportation company.
In addition, he served as the President of FedEx Express in Canada and in several other management and marketing roles throughout Asia and the US since he joined FedEx in 1991.
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