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Silver Star. Bronze Star. Purple Heart (2) Frederick Wallace Smith (born August 11, 1944) is an American business magnate and investor. He is the founder and chairman of FedEx Corporation, the world's largest transportation company. On June 1, 2022, Smith stepped down as CEO to become executive chairman, and was replaced by Raj Subramaniam. [1]
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, Federal Express, which was used from ...
At the time, Federal Express was the most highly financed new company in U.S. history, in terms of venture capital. [10] Federal Express installed its first drop box in 1975 which allowed customers to drop off packages without going to a company local branch. [13] In 1976, the company became profitable with an average volume of 19,000 parcels ...
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"We are at a pivotal moment in the history of FedEx as we enter our 50th year," CEO Raj Subramaniam, who succeeded FedEx founder Fred Smith on June 1, said at the company's investor meeting. FedEx ...
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 ...
Subramaniam joined FedEx in 1991 as an associate marketing analyst. He quickly rose through the ranks and held several management and marketing roles in Asia and the US. Beginning in 1996, he served as the vice-president of Marketing at FedEx Express in the Asia-Pacific region, and was then appointed as the regional president of Canada in 2003.
Other notables: FedEx founder Fred Smith ($5.1 billion); Cleveland Browns owner and Pilot truck stop CEO Jimmy Haslam ... U.S. Presidents' Net Worth, Before and After Taking Office.