FedEx Corp. announced with deep sadness the passing of its founder, executive chairman, and long-time CEO, Frederick W. Smith, at the age of 80. Smith pioneered the express transportation industry in 1973, fundamentally shaping global commerce as it is known today.
Raj Subramaniam, President and CEO of FedEx Corp., praised Smith's legacy of innovation, leadership, and philanthropy, stating that it will continue to inspire future generations. Smith stepped down as CEO in 2022, succeeded by Subramaniam, but remained active as executive chairman.
Smith's vision transformed logistics and supply chains worldwide, connecting over 220 countries and territories. His passing marks the end of an era for the company he built into a global powerhouse, leaving behind a profound impact on the industry and the company's culture.
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