The IIT Bombay alumnus will join the ranks of elite Indian American CEOs.
Indian American Raj Subramanian will take over as the next President and CEO of FedEx Express, a subsidiary of FedEx Corporation, on January 1, 2019. The Indian Institute of Technology, Bombay alumnus, who currently serves as the Executive Vice President, Chief Marketing and Communications Officer of FedEx Corp, will succeed David L. Cunningham, who will retire on December 31, 2018.
FedEx Express, based in Memphis, is the largest division within FedEx, which delivers packages and freight to more than 375 cities in 220 countries every day.
Subramanian will now join the likes of such prominent Indian American executives as Google CEO Sundar Pichai, Microsoft CEO Satya Nadella, and Adobe Inc Chairman and CEO Shantanu Narayen who serve as CEOs of major US companies. Former Pepsico Ceo Indra Nooyi was a part of that elite company before she stepped down from her position earlier this year. The elite quartet of blue chip company CEOâ€™s are accountable for over 650,000 employees.
Born in Trivandrum, India, Subramanian earned his undergraduate degree in chemical engineering from the IIT Bombay in 1987. He went on to earn a masterâ€™s in chemical engineering from the Syracuse University and an MBA from the University of Texas, Austin in 1989 and 1991 respectively. The 27-year FedEx veteran joined the company in 1991, quickly rising up the ranks, eventually becoming executive vice president of marketing and communications of FedEx Services in 2013 before the announcement of his promotion to take place next year.
Cunningham, who joined FedEx in 1982, will enjoy retirement after a 36-year-long career. Prior to assuming his former position of CEO, Cunningham was chief operating officer and president, international, for FedEx Express.
FedEx was founded in 1971 originally as the Federal Express Corporation. Quickly growing into one of the worldâ€™s largest courier delivery service companies. With over 450,000 employees and annual revenues of 69 billion, FedEx is able to deliver over 6 million shipments and 30 million pounds in goods every day.