There are 21 article(s) tagged Raj Subramaniam:

• August 2022

  • Meet FedEx’s proposed board of directors

    All of FedEx’s board members are up for election or reelection when the company’s shareholders have their annual meeting, scheduled this year for Monday, Sept. 19.

    By Rob Moore August 11, 2022

• July 2022

  • FedEx’s Network 2.0 initiative a ‘fundamental’ shift in operations

    At its most recent meeting of shareholders and analysts, the Memphis-based company announced it is no longer interested in keeping its networks separate. Instead, FedEx wants to benefit from their overlap. 

    By Rob Moore July 08, 2022

• June 2022

  • FedEx maps out strategy to increase earnings, operating income

    New CEO Raj Subramaniam faces soaring inflation, increasing competition from Amazon and an activist investor demanding shakeups to the board, but plans to grow earnings per share by as much as 19% over the next three years, as well as increase operating income by as much as $4.5 billion. 

    By Rob Moore June 29, 2022

  • FedEx predicts sizable profit growth over next three years

    The logistics giant announced Wednesday, June 29, its new “Deliver Today, Innovate for Tomorrow” strategy as investors and analysts gathered in Memphis for the company’s 2022 investor meeting. 

    By Rob Moore June 29, 2022

  • FedEx reports strong quarter as new CEO takes the reins

    The Memphis-based company recorded $24.4 billion in revenue for its fourth quarter 2022, compared to $22.6 billion it reported in the same time period in 2021. 

    By Rob Moore June 24, 2022

  • Record FedEx stock jump had help from New York investor

    D. E. Shaw & Co. is known for its activist investing, including its role in Exxon Mobil Corp.’s decision to add to its board and make $6 billion worth of cost savings changes. 

    By Rob Moore June 23, 2022

  • Filing reveals annual pay for Fred Smith, new FedEx CEO

    An SEC filing reveals how much Raj Subramaniam and FedEx founder Fred Smith will earn in their new roles. 

    By Rob Moore June 18, 2022

  • FedEx names first chief customer officer

    Brie Carere is a three-time winner of the FedEx Five Star Award, the company’s highest team member honor.

    By Rob Moore June 16, 2022

  • FedEx adds new members to board, increases dividend by more than 50%

    FedEx Corp. stock was up nearly 9% Tuesday after the company made the announcement.

    By Rob Moore June 14, 2022

• April 2022

  • Bluff City Biz: Future of FedEx and Blue Oval City with Bo Allen

    “It’s hard for me to believe that anyone has done more for Memphis than Fred Smith,” Bo Allen, First Horizon regional president for West Tennessee, Arkansas and North Mississippi, said. 

    By Rob Moore April 04, 2022

  • What’s next for FedEx?

    FedEx stock was up nearly 5% Tuesday, March 30, following the announcement on Monday that Raj Subramaniam will succeed Frederick W. Smith as president and CEO. 

    By Rob Moore April 04, 2022

• March 2022

  • Raj Subramaniam to succeed Fred Smith as president and CEO of FedEx Corp.

    FedEx announces the next president and CEO following founder Frederick W. Smith’s tenure. 

    By Neil Strebig, Rob Moore March 28, 2022

• September 2020

  • FedEx gives COVID figures, changes operating principles

    FedEx Corp.’s new operating principles acknowledge the need for increasing collaboration among business units FedEx Express, FedEx Ground and FedEx Freight.

    By Wayne Risher September 21, 2020

• August 2020

  • FedEx leaders come up short on bonus targets

    FedEx's top leaders didn't get bonuses for the first time in 11 years as company earnings and income lagged behind targets in fiscal 2020.

    By Wayne Risher August 10, 2020

• January 2020

  • Raj Subramaniam notches another title, FedEx Corp. director

    President and chief operating officer Raj Subramaniam has been elected to the FedEx Corp. board.

    By Wayne Risher January 27, 2020

• February 2019

  • Bronczek departs FedEx, replaced by Subramaniam

    David J. Bronczek has abruptly retired from FedEx Corp.'s No.2 spot, with Raj Subramaniam named to replace him effective March 1.

    By Wayne Risher February 22, 2019

  • FedEx outlines pay package for Raj Subramaniam

    New FedEx Corp. president and chief operating officer Raj Subramaniam would earn $1.2 million in base salary and bonuses over the next year under a compensation package outlined Wednesday, Feb. 20.

    By Wayne Risher February 21, 2019

  • Discussion continues about front-office changes at FedEx

    FedEx's series of high-level management changes are fueling speculation about the reasons and perhaps worrying investors and employees, but have the potential to bring fresh eyes to the organization.

    By Wayne Risher February 20, 2019

  • Is Raj Subramaniam ‘the guy’ at FedEx? Only time will tell

    Selection of Raj Subramaniam for the No. 2 job at Memphis-based FedEx Corp. starting March 1 could put him in the driver's seat to eventually become CEO, some analysts believe.

    By Wayne Risher February 18, 2019

• December 2018

  • Raj Subramaniam to succeed David Cunningham as FedEx Express chief

    FedEx Express gets a new chief Jan. 1, with a rising star in FedEx leadership taking over for a long-tenured executive who embodies the company’s wealth of home-grown talent.

    By Wayne Risher December 07, 2018

• September 2018

  • FedEx cites TNT acquisition, flexibility in confident earnings forecast

    FedEx leaders stood strong Monday in the face of tariff threats, Amazon delivery plans and lower-than-expected, but robust quarterly profit growth.

    By Wayne Risher September 18, 2018