Dive Transient:
- Sriram Krishnasamy, chief digital and data officer and chief transformation officer at FedEx Company, stepped down on Thursday after simply over one yr within the place. The corporate didn’t instantly reply to a request for remark Friday.
- “The corporate and Krishnasamy mutually agreed to the choice following the profitable completion of a number of key initiatives aligned with the corporate’s long-term technique, together with reaching its $4 billion structural value discount goal on the finish of its 2025 fiscal yr in addition to advancing its digital transformation,” the corporate mentioned in a Thursday statement.
- Krishnasamy, who additionally served as CEO of Dataworks, the corporate’s digital enterprise unit, will stay in an govt adviser capability till Oct. 31 on the newest. The Information and Know-how group management will report on to CEO Raj Subramaniam, however “a complete transition plan will likely be introduced sooner or later,” in accordance with the assertion.
Dive Transient:
Krishnasamy, a two-decade FedEx veteran, beforehand served as SVP of strategic applications and CEO of FedEx Dataworks.
Final yr, Krishnasamy was announced as the replacement to longtime FedEx govt Rob Carter, who served as EVP and CIO of the delivery large for greater than twenty years.
“We’re grateful for Sriram’s management and the lasting influence he has made at FedEx as we give attention to our mission to make provide chains smarter for everybody,” Subramaniam mentioned within the announcement. “I’m assured in our robust basis, long-term technique, and proficient workforce as we transfer ahead into this subsequent chapter. We want Sriram one of the best in his subsequent endeavors.”
The corporate has been working to infuse automation into its operations in recent times. In November, the corporate upgraded its Memphis World Hub to incorporate an automated sorting facility.
FedEx can be a number of years right into a broad overhaul of its delivery community dubbed Network 2.0. Introduced in 2022, the trouble seeks to merge its traditionally separate FedEx Categorical and Floor networks and optimize the corporate’s assets.
“What’s really outstanding is the numerous manner we’ve leveraged our technological capabilities and processes to navigate these complexities and function extra effectively for our prospects,” Subramaniam mentioned, talking through the firm’s Q4 2025 earnings call in June. “Community 2.0 is the following leg of our structural transformation, and it’s effectively underway.”
