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    Rajesh Subramaniam

    President and Chief Executive Officer at FedEx Corp
    Board
    Since June 1, 2022
    Age
    58 years
    Education
    Holds a degree in Chemical Engineering from the Indian Institute of Technology (IIT) in Bombay, India, a Master's degree in Chemical Engineering from Syracuse University, and an MBA from The University of Texas at Austin.
    Tenure
    Has been with FedEx since 1991, progressing from management and marketing analyst roles to leadership positions including Vice President, Senior Vice President, Executive Vice President, President, Chief Operating Officer, CEO-Elect, and ultimately President and Chief Executive Officer since June 2022.

    Also at FedEx Corp

    FWS
    Frederick W. Smith
    Executive Chairman and Chairman of the Board
    BAC
    Brie A. Carere
    Executive Vice President and Chief Customer Officer
    JWD
    John W. Dietrich
    Executive Vice President and Chief Financial Officer

    About

    Rajesh Subramaniam is a 58-year-old executive noted for his strategic vision and global leadership at a major logistics company. He began his career with the organization in 1991, where he quickly established himself in various management and marketing roles that laid the foundation for his future leadership positions.

    Over the years, his career evolved through a series of promotions that saw him take on responsibilities as Vice President, Senior Vice President, and Executive Vice President, contributing significantly to marketing, communications, and operations. His progression through these key roles reflects his deep understanding of the business and his commitment to the company’s growth and digital transformation.

    Since June 2022, he has served as the President and Chief Executive Officer, steering the company through rapid changes in the logistics and supply chain industry while also championing technological advancements and global expansion strategies. Beyond his executive role, he contributes his expertise as a director at The Procter & Gamble Company and participates in influential international trade and policy forums, illustrating his wide-ranging impact both within and outside the organization.

    $FDX Performance Under Rajesh Subramaniam

    Past Roles

    OrganizationRoleDate Range
    FedEx Corporation President and Chief Executive Officer-Elect March 2022 to May 2022
    FedEx Corporation President and Chief Operating Officer March 2019 to March 2022
    Federal Express President and Chief Executive Officer January 2019 to March 2019
    FedEx Corporation Executive Vice President and Chief Marketing and Communications Officer January 2017 to December 2018
    FedEx Services Executive Vice President of Marketing and Communications 2013 to January 2017
    FedEx Services Senior Vice President – Marketing 2006 to 2013
    Federal Express Senior Vice President – Canada 2003 to 2006
    Federal Express Vice President – Marketing/APAC 2000 to 2003
    Federal Express Vice President – APAC, EC & CS 1999 to 2000
    Federal Express Various management and marketing analyst positions 1991 to 1999

    External Roles

    OrganizationRoleDate Range
    The Procter & Gamble Company Director N/A

    Fixed Compensation

    Data from  FY 2024
    Component NameAmountPayment ScheduleAdditional Details
    Base Salary$1,450,000 Annually (Effective October 1, 2023)11.5% increase from $1,400,000
    Life Insurance Premiums$2,955 AnnuallyFixed amount
    Company Contributions to 401(k) Plan$15,467 AnnuallyFixed amount
    Tax Payments for Restricted Stock Awards$1,461,022 AnnuallyFixed amount
    Perquisites and Other Personal Benefits$167,753 AnnuallyBreakdown: Corporate Aircraft: $38,112, Security Services: $110,873, Tax Preparation: $4,900, Financial Counseling: $5,489, Umbrella Insurance: $4,755, Digital Security Monitoring: $3,600, Other: $24

    Performance Compensation

    Data from  FY 2024

    Annual Incentive Compensation (AIC) - 2024

    MetricValueDetailsCitations
    Performance MeasureAdjusted Consolidated Operating IncomeExcludes business optimization costs, noncash impairment charges, and insurance recoveries
    Threshold$5,642 millionMinimum performance level
    Target$6,380 millionExpected performance level
    Maximum$6,734 millionCap on performance measure
    Actual Performance$6,235 millionAchieved performance level
    Target Payout$2,310,000165% of base salary
    Maximum Payout$3,465,000150% of target payout
    Actual Payout$1,519,010Adjusted based on performance
    Evaluation PeriodFiscal Year 2024Based on annual results
    ConditionsBoard discretionPayout adjustments based on evaluation and performance thresholds

    Long-Term Incentive (LTI) - 2024

    MetricValueDetailsCitations
    Performance MetricsEPS (50%), ROIC Growth (25%), TSR (25%)EPS Details: Threshold $47.92, Target $55.24, Maximum $63.27; ROIC and TSR details not provided
    Actual EPS$17.78Actual EPS as of May 31, 2024
    Payout Conditions25% / 100% / 200%Payout levels based on EPS growth rate benchmarks: 5%, 12.5%, and 20%+
    Grant DateJune 22, 2023Applicable to both restricted stock and stock options
    Restricted Stock9,808 sharesFair Value: $2,251,868; Vests ratably over 4 years starting on first anniversary
    Stock Options47,851 optionsExercise Price: $229.595; Fair Value: $3,712,796
    LTI Payout TargetsThreshold: $343,750, Target: $5,500,000, Maximum: $11,000,000FY24–FY26 LTI plan details