President Joe Biden is appointing two Indian American business executives to the President’s Export Council that serves as the principal national advisory committee on international trade.
White House Tuesday announced Biden’s intent to appoint Indian American Punit Renjen, Deloitte Global CEO Emeritus and Rajesh Subramaniam, President and CEO of FedEx Corporation, to the advisory body with 23 others.
READ: Deloitte Global CEO Punit Renjen announces retirement (November 23, 2022)
Mark D. Ein, Chairman of Lindblad Expeditions, Kastle Systems, was named chair of the Council which advises the President of government policies and programs that affect US trade performance.
It also promotes export expansion; and provides a forum for discussing and resolving trade-related problems among the business, industrial, agricultural, labor, and government sectors.
Punit Renjen retired as Deloitte Global CEO on Dec 31, 2022, after having served in the role since June 2015. He now serves as Deloitte Global CEO Emeritus, according to his profile provided by the White House.
Deloitte operates in 150 countries, with 415,000 professionals, and 2022 revenues of $59.3 billion. During his tenure as CEO, Renjen developed and executed a global strategy that resulted in Deloitte becoming the leading professional services organization in the world and recognized as the strongest and most valuable commercial services brand.
Deloitte has led its competitors in growth and impact, becoming the largest of the Big Four while also the leader in audit quality. Under Renjen’s leadership Deloitte launched WorldClass—a global effort to prepare 100 million underprivileged people for a world of opportunity—based on the belief that when society thrives, business thrives.
Recently Deloitte made a commitment to be net zero by 2030 under its WorldClimate initiative, and joined the First Movers Coalition, the profile noted.
Renjen is deeply committed to advancing diversity and inclusion at Deloitte through measurable actions toward gender balance. Over his career, Renjen has been recognized by numerous organizations for his leadership, business acumen and commitment to societal impact.
READ: Top Indian American CEOs steering major US companies (September 5, 2022)
In 2022, Renjen was recognized by the Economic Times as “Global Indian of the Year” and the Carnegie Corporation of America as one of 34 “Great Immigrants. Great Americans.”
In 2021, the US-India Strategic Partnership Forum recognized Renjen with its Global Achievement Award. In 2020, Renjen was awarded the Oregon History Makers Medal.
Subramaniam is President and CEO and a member of the Board of Directors of FedEx Corporation, one of the world’s largest transportation companies, according to his White House profile.
As President and CEO of FedEx Corporation, Subramaniam is responsible for providing strategic direction for all FedEx operating companies. Subramaniam is chair of the five-person Executive Committee, which plans and executes the corporation’s strategic business activities.
He is also chair of the FedEx Strategic Management Committee, a select group of the company’s top leadership, which sets the strategic direction for the enterprise.
Before being named President and CEO-elect in March 2022, he was President and Chief Operating Officer of FedEx Corporation.
Previously, Subramaniam held various leadership roles in operations and marketing across the FedEx portfolio of operating companies.
Subramaniam serves on the board of directors of FedEx Corporation, the Procter & Gamble Company, the US Chamber of Commerce’s China Center Advisory Board, FIRST, US-India Strategic Partnership Forum, and the US-China Business Council, and a member of the US-India CEO Forum.
Subramaniam is also a 2023 recipient of the Pravasi Bharatiya Samman Award, the highest civilian award presented by the President of India to the Indian diaspora in recognition of outstanding achievements in India and abroad.
He earned a bachelor’s degree in chemical engineering from the Indian Institute of Technology, a master’s degree in chemical engineering from Syracuse University, and a master’s degree in business administration from The University of Texas at Austin.