CURRENT AFFAIRS

Detailed explanation-1: -Raj Subramaniam is President and Chief Executive Officer and a member of the Board of Directors of FedEx Corporation, one of the world’s largest transportation companies with an annual revenue of $94 billion.

Detailed explanation-2: -Indian American Raj Subramaniam has been appointed as the new Chief Executive Officer (CEO) of delivery giant FedEx, replacing Frederick W Smith, chairman and CEO, who is set to step down from the position on June 1. Smith, who founded FedEx in 1971, will now serve as the company’s executive chairman.

Detailed explanation-3: -March 28, 2022 FedEx Corp. announced today that, effective June 1, 2022, Frederick W. Smith, Chairman and Chief Executive Officer, will become Executive Chairman, and Raj Subramaniam, President and Chief Operating Officer, will be promoted to President and CEO. In addition, R.

Detailed explanation-4: -Subramaniam, 54, joined FedEx in 1991 and was elected to the FedEx Board of Directors in 2020. He will maintain his seat on the Board, according to the company. Subramaniam served FedEx Corp as its president and Chief Operating Officer before being named as the CEO-elect this month.

Detailed explanation-5: -Subramanian would replace Frederick W. Smith, chairman and CEO, who will step down from this position on June 1. He will now be its executive chairman. “As we look toward what’s next, I have a great sense of satisfaction that a leader of the caliber of Raj Subramaniam will take FedEx into a very successful future,” Mr.