CURRENT AFFAIRS

Detailed explanation-1: -The world’s largest express transportation company FedEx has announced that its new Chief Executive Officer will be Indian American Raj Subramaniam. He has more than 30 years of global experience across strategy and operations and has led the company through a period of tremendous growth.

Detailed explanation-2: -FedEx announced today in a company statement that effective June 1, 2022, Frederick Smith, chairman and CEO, will become executive chairman, and Raj Subramaniam, president and COO, will be promoted to president and CEO.

Detailed explanation-3: -Indian American corporate veteran Raj Subramaniam will be the new Chief Executive Officer of the delivery giant FedEx, as per an official release. Subramaniam will replace Frederick W Smith in the role with effect from June 1.

Detailed explanation-4: -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.

Detailed explanation-5: -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.