{"id":17247,"date":"2022-03-28T22:30:08","date_gmt":"2022-03-28T22:30:08","guid":{"rendered":"https:\/\/tahrir2day.com\/news\/2022\/03\/28\/fedex-ceo-fred-smith-to-step-down-in-june\/"},"modified":"2022-03-28T22:30:08","modified_gmt":"2022-03-28T22:30:08","slug":"fedex-ceo-fred-smith-to-step-down-in-june","status":"publish","type":"post","link":"https:\/\/tahrir2day.com\/news\/2022\/03\/28\/fedex-ceo-fred-smith-to-step-down-in-june\/","title":{"rendered":"FedEx CEO Fred Smith to step down in June"},"content":{"rendered":"<section >\n<p>FedEx founder Fred Smith will step down as CEO of the package delivery company he founded, the company announced Monday.<\/p>\n<p>Smith will resign in June and will be succeeded by the company&#8217;s president and chief operating officer Raj Subramaniam, FedEx said in a press release.  Subramaniam will serve as CEO and chairman, while Smith will become executive chairman.<\/p>\n<p>Smith started FedEx in 1971, delivering small packages and documents faster than the post office.  Over the next half century, he oversaw the growth of a company that combined air and ground service and became a kind of economic claim because of his service to other companies. <\/p>\n<figure ><span ><\/span><figcaption ><span >Fred Smith, founder of FedEx.<\/span><\/p>\n<p>                  <span ><\/p>\n<p>            Courtesy of FedEx<\/p>\n<p>                      <\/span><br \/>\n              <\/figcaption><\/figure>\n<p>Today, FedEx is worth $ 60 billion and has 290,000 employees in the U.S., according to data provider FactSet.  Smith is its largest shareholder, with a 7% stake worth about $ 4.3 billion, according to FactSet.<\/p>\n<p>\u201cFedEx has changed the world by connecting people and opportunities over the last 50 years,\u201d Smith said in a statement that also expressed confidence in Subramaniam\u2019s ability to lead the company.<\/p>\n<p>Smith said he will focus on global issues such as sustainability, innovation and public policy.<\/p>\n<p>Subramaniam joined the Memphis, Tennessee-based company in 1991 and held various marketing and management jobs in Asia and the United States.  He became the director of marketing and communications, and was also the chief executive of FedEx Express.  He joined the FedEx board in 2020 and will continue to be a director.<\/p>\n<p>  <!-- data-recirc-source=\"\" --><\/p>\n<style type=\"text\/css\">\n<p>    .component - recirculation-type .item: nth-child (5) {display: none;  } # recirc-item - id-cdb69384-8187-4af5-9795-ae94f5df8045 {display: none;  } # recirc-item - id-cdb69384-8187-4af5-9795-ae94f5df8045 ~ .item: nth-child (5) {display: block;  }\n  <\/style>\n<p><!-- tags --><\/p>\n<ul >In:<\/p>\n<li>fedex<\/li>\n<\/ul>\n<div ><\/div>\n<\/section>\n<p><a href=\"https:\/\/www.cbsnews.com\/news\/fedex-ceo-fred-smith-step-down-in-june-raj-subramaniam\/\">Source <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>FedEx founder Fred Smith will step down as CEO of the package delivery company he founded, the company announced Monday. Smith will resign in June and will be succeeded by the company&#8217;s president and chief operating officer Raj Subramaniam, FedEx said in a press release. Subramaniam will serve as CEO and chairman, while Smith will [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"footnotes":""},"categories":[53],"tags":[],"class_list":["post-17247","post","type-post","status-publish","format-standard","hentry","category-economy"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v18.1 (Yoast SEO v18.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>FedEx CEO Fred Smith to step down in June - Tahrir News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tahrir2day.com\/news\/2022\/03\/28\/fedex-ceo-fred-smith-to-step-down-in-june\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FedEx CEO Fred Smith to step down in June\" \/>\n<meta property=\"og:description\" content=\"FedEx founder Fred Smith will step down as CEO of the package delivery company he founded, the company announced Monday. Smith will resign in June and will be succeeded by the company&#8217;s president and chief operating officer Raj Subramaniam, FedEx said in a press release. 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