© Reuters. FILE PHOTO: Signage is seen on a FedEx location in Manhattan, New York City, U.S., September 3, 2021. REUTERS/Andrew Kelly/File Photo

(Reuters) – U.S. package delivery company FedEx Corp (NYSE:) on Monday named Raj Subramaniam as its new chief executive officer effective June 1, succeeding Fred Smith, who founded the company in 1973.

Smith will transition to the role of executive chairman, overseeing sustainability, innovation, public policy and other global issues, FedEx said.

Subramaniam joined FedEx in 1991 and is currently the company’s chief operating officer. He takes the helm as the company faces mounting competition from historical rival United Parcel Service (NYSE:) and former customer Amazon.com (NASDAQ:).

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.



Source link

0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
0
Would love your thoughts, please comment.x
()
x