Indian American Raj Subramanian would be the new CEO (Chief Executive Officer) of FedEx. The US multinational courier service major made an announcement. The Indian American would replace Frederick W Smith, who will step down from this position on 1st June 2022.

• Developers Race to Remove Anthropic’s Invisible AI Watermarks
• Godrej Industries Plans Rs 20,000 Crore Investment in Haryana
• Asaya Raises Rs 88 Crore, Plans Offline Retail Expansion
• NTPC Green Energy Arm Wins 500 MW SECI Peak Power Tender
• Natco Pharma Facility Gets 4 USFDA Observations; Shares Up 

Raj Subramanian would replace Frederick W Smith, chairman and CEO, who will step down from this position on June 1. Smith will now be its executive chairman.