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He is the founder and chairman of FedEx Corporation, the world's largest transportation company. Smith stepped down as CEO in June 2022 and was succeeded by Raj Subramaniam. [1] He is considered one of the most successful transportation entrepreneurs in the world. He had an estimated net worth of $5.3 billion as of June 2023. [2]
Fred Smith says FedEx's data keeps it on the cutting edge of what other companies are doing. ... FedEx founder and executive chairman Fred Smith on stage with Goldman Sachs CEO David Solomon at ...
Footnotes / references. [1][2] FedEx Corporation, originally Federal Express Corporation, is an American multinational conglomerate holding company focused on transportation, e-commerce and business services based in Memphis, Tennessee. [3][4] The name "FedEx" is a syllabic abbreviation of the name of the company's original air division ...
In late 2018, he was promoted to the CEO of FedEx's legacy Express business. [12] After retirement of David J. Bronczek in 2019, Subramaniam was named the COO. [13] [14] He joined the FedEx board in January 2020. [9] [15] Subramaniam replaced FedEx founder Fred Smith as the President and CEO on June 1, 2022.
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[17] [18] Smith's father is FedEx founder and former CEO Frederick W. Smith. [1] [19] His paternal grandfather, James Frederick "Fred" Smith, founded the now-defunct Toddle House restaurant chain that served as the inspiration for the modern-day Waffle House chain. He has nine siblings, including sisters Windland Smith Rice and Molly Smith.
Raj Subramaniam, who succeeded founder Fred Smith on June 1, faces two competing groups - investors who want FedEx to wring more profits from its operations, and the company's Ground unit ...