FedEx Says Fred Smith to Step Aside as CEO, Remain Executive Chairman |

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FedEx Corp. founder Fred Smith is stepping down as chief executive of the company he started more than 50 years ago with a few planes and built into a global delivery network that moves millions of packages a day.

Mr. Smith, 77 years old, is handing the CEO role to President and Chief Operating Officer Raj Subramaniam.

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FedEx Says Fred Smith to Step Aside as CEO, Remain Executive Chairman

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