FedEx Corp. said late Monday that Frederick W. Smith, the company’s founder, chairman and CEO, will become executive chairman, effective June 1. Raj Subramaniam, FedEx’s president and chief operating officer, will become CEO on that date.
The COO position will not be filled once Subramaniam relinquishes it on June 1, the company said.
Subramaniam, 54, has been named president- and CEO-elect, effective immediately.
R. Brad Martin, chairman of the FedEx (NYSE: FDX) board’s audit committee, has been...
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