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The Latest UPS Headlines
UPS Names Abney as CEO Amid Revamp After Holiday Crunch
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<blockquote data-quote="cheryl" data-source="post: 1339094" data-attributes="member: 1"><p><a href="http://www.bloomberg.com/news/2014-06-06/ups-names-abney-as-ceo-to-succeed-davis-as-of-september.html" target="_blank"><strong>UPS Names Abney as CEO Amid Revamp After Holiday Crunch - Bloomberg</strong></a></p><p></p><p>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.</p><p></p><p>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.</p><p></p><p>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.</p></blockquote><p></p>
[QUOTE="cheryl, post: 1339094, member: 1"] [URL='http://www.bloomberg.com/news/2014-06-06/ups-names-abney-as-ceo-to-succeed-davis-as-of-september.html'][B]UPS Names Abney as CEO Amid Revamp After Holiday Crunch - Bloomberg[/B][/URL] 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. [/QUOTE]
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