Rajesh Subramaniam

President and Chief Executive Officer at FEDEX

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

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

Organization	Role	Date 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

Organization	Role	Date Range
The Procter & Gamble Company	Director	N/A

Fixed Compensation

Data from FY 2024

Component Name	Amount	Payment Schedule	Additional Details
Base Salary	$1,450,000	Annually (Effective October 1, 2023)	11.5% increase from $1,400,000
Life Insurance Premiums	$2,955	Annually	Fixed amount
Company Contributions to 401(k) Plan	$15,467	Annually	Fixed amount
Tax Payments for Restricted Stock Awards	$1,461,022	Annually	Fixed amount
Perquisites and Other Personal Benefits	$167,753	Annually	Breakdown: 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

Metric	Value	Details
Performance Measure	Adjusted Consolidated Operating Income	Excludes business optimization costs, noncash impairment charges, and insurance recoveries
Threshold	$5,642 million	Minimum performance level
Target	$6,380 million	Expected performance level
Maximum	$6,734 million	Cap on performance measure
Actual Performance	$6,235 million	Achieved performance level
Target Payout	$2,310,000	165% of base salary
Maximum Payout	$3,465,000	150% of target payout
Actual Payout	$1,519,010	Adjusted based on performance
Evaluation Period	Fiscal Year 2024	Based on annual results
Conditions	Board discretion	Payout adjustments based on evaluation and performance thresholds

Long-Term Incentive (LTI) - 2024

Metric	Value	Details
Performance Metrics	EPS (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	$17.78	Actual EPS as of May 31, 2024
Payout Conditions	25% / 100% / 200%	Payout levels based on EPS growth rate benchmarks: 5%, 12.5%, and 20%+
Grant Date	June 22, 2023	Applicable to both restricted stock and stock options
Restricted Stock	9,808 shares	Fair Value: $2,251,868; Vests ratably over 4 years starting on first anniversary
Stock Options	47,851 options	Exercise Price: $229.595; Fair Value: $3,712,796
LTI Payout Targets	Threshold: $343,750, Target: $5,500,000, Maximum: $11,000,000	FY24–FY26 LTI plan details