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FedEx Founder Smith Tapped Subramaniam as CEO During Cross-Country Flight

FedEx founder Fred Smith selected Raj Subramaniam as the company's next chief executive in an unexpected conversation aboard a flight to Los Angeles, according to Subramaniam. The current FedEx president and CEO described how Smith approached him with the succession plan and granted him freedom to reshape the company. Smith's decision signals confidence in Subramaniam's vision for FedEx.