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FedEx announces executive changes following completion of key strategic initiatives

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Global Industry News
FedEx announces executive changes following completion of key strategic initiatives
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Sriram Krishnasamy Executive Vice President and Chief Transformation Officer, FedEx Corporation President and CEO, FedEx Dataworks | FedEx

FedEx Corp. has announced that Sriram Krishnasamy is stepping down from his roles as executive vice president, chief digital and information officer, and chief transformation officer. His departure is effective immediately, though he will remain in an advisory capacity until October 31, 2025, to aid in the transition process.

The decision was mutually agreed upon after Krishnasamy successfully completed several initiatives tied to FedEx's long-term strategy. This includes achieving a $4 billion structural cost reduction by the end of the 2025 fiscal year and advancing the company's digital transformation efforts.

Raj Subramaniam, president and CEO of FedEx Corporation, stated: “We are grateful for Sriram’s leadership and the lasting impact he has made at FedEx as we focus on our mission to make supply chains smarter for everyone.” He added confidence in the company’s strong foundation and talented team moving forward.

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While a detailed transition plan will be shared later, it has been noted that during this interim period, leadership of the Data and Technology organization will report directly to Subramaniam.

FedEx Corp., with annual revenue of $88 billion, provides transportation, e-commerce, and business services worldwide. The company aims for carbon-neutral operations by 2040.

For media inquiries, Caitlin Maier can be contacted at 901-434-8100 or mediarelations@fedex.com. Investor relations contact is Jeni Hollander at 901-818-7200 or ir@fedex.com.

Organizations Included in this History
FedEx
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