UPS Names Abney as CEO Amid Revamp After Holiday Crunch - Bloomberg
United Parcel Service Inc. (UPS) promoted Chief Operating Officer David Abney to chief executive officer as the world’s largest package-delivery company reshapes U.S. operations after a surprise surge in online Christmas shopping.
CEO Scott Davis, 62, will retire effective Sept. 1 and become non-executive chairman as Abney, 58, assumes his new role, Atlanta-based UPS said today. The new CEO began his 40-year UPS career as a part-time package loader.
Abney will take over at a crucial time, as UPS heads toward the height of the holiday e-commerce rush that overwhelmed the company with last-minute shipments in 2013. He led the team that reviewed UPS’s response, which spawned a $100 million, multiyear push to expand some parcel facilities and accelerate use of new technology to make delivery routes more efficient.
United Parcel Service Inc. (UPS) promoted Chief Operating Officer David Abney to chief executive officer as the world’s largest package-delivery company reshapes U.S. operations after a surprise surge in online Christmas shopping.
CEO Scott Davis, 62, will retire effective Sept. 1 and become non-executive chairman as Abney, 58, assumes his new role, Atlanta-based UPS said today. The new CEO began his 40-year UPS career as a part-time package loader.
Abney will take over at a crucial time, as UPS heads toward the height of the holiday e-commerce rush that overwhelmed the company with last-minute shipments in 2013. He led the team that reviewed UPS’s response, which spawned a $100 million, multiyear push to expand some parcel facilities and accelerate use of new technology to make delivery routes more efficient.