Fifty years after he founded the company, Frederick Smith announced Monday that he would step down as FedEx's CEO in June
Frederick W. Smith, the founder and chief executive of FedEx, in New York in May 12, 2005. Fifty years after he founded the company, Frederick Smith announced on Monday, March 28, 2022, that he would be stepping down as FedEx’s chief executive in June. (Marilynn K. Yee/The New York Times)
Fifty years after he founded the company, Frederick Smith announced Monday that he would step down as FedEx’s CEO in June.
Raj Subramaniam, the current president and chief operating officer, will succeed Smith, according to a news release from FedEx.
“FedEx has changed the world by connecting people and possibilities for the last 50 years,” Smith said, in a statement posted to the company’s website. “As we look toward what’s next, I have a great sense of satisfaction.”
©2019 New York Times News Service