Arlington, Virginia – Today, American Trucking Associations President and CEO Chris Spear issued the following statement after FedEx Corp. founder Fred Smith announced he was stepping down as CEO but remaining executive chairman of the company:
“There is no bigger titan in trucking and transportation than Fred Smith. Over the course of five decades, Fred built FedEx from the ground up into one of the most iconic and innovative companies the world has ever known. His contributions have not only benefited our industry; they have helped transform our economy and forever changed the way we all live.
“As he steps back from day-to-day operations to serve as executive chairman, Fred Smith can take enormous pride in the lasting legacy he’s achieved through his hard work, ingenuity and vision. His leadership will forever be felt and appreciated by the millions of Americans who work in trucking and the countless more who benefit from its services.
“We also congratulate Raj Subramaniam on his promotion to become FedEx Corporation’s President and CEO and look forward to working with him as he leads FedEx into its next chapter of innovation and success.”