Fifty years after he founded the company, Frederick Smith announced Monday that he would step down as FedEx's CEO in June
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.”
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