board meeting

Discussion in 'UPS Partners' started by david, Nov 12, 2003.

  1. david

    david Guest

    any info on the board meeting?
  2. peacock71

    peacock71 Guest

    It is today at UPS Technology Center in Mahwah, NJ. All the usual suspects will be there.

    go UPS!
  3. parttimejon

    parttimejon Guest

    board meeting for what?
  4. rshoe4056

    rshoe4056 Guest

    UPS (NYSE:UPS.N) today announced at the regularly
    scheduled meeting of its Board of Directors several changes in top
    management. The UPS Board also declared a quarterly dividend of
    25-cents per share on all outstanding Class A and Class B shares.
    The dividend is payable on Jan. 5, 2004, to shareholders of record
    on Nov. 24, 2003.
    Announcing their retirements from UPS at year's end were Thomas H.
    Weidemeyer, chief operating officer and president of UPS Airlines, and
    Joseph R. Moderow, general counsel, corporate secretary and head of
    global public affairs and public relations. Weidemeyer and Moderow
    also serve on the UPS Board of Directors as well as the UPS Management
    Committee, the senior management group responsible for overseeing
    day-to-day operations of the company.
    Named to succeed Weidemeyer as chief operating officer and
    president of UPS Airlines is John Beystehner, a 32-year company
    veteran who currently serves as senior vice president of worldwide
    sales and marketing. Replacing Moderow as general counsel and
    corporate secretary will be Allen Hill, a 27-year UPSer who is
    currently vice president heading the company's legal department.
    Succeeding Beystehner as senior vice president of worldwide sales
    and marketing will be Kurt Kuehn, currently vice president in charge
    of investor relations.
    Hill and Kuehn were elected senior vice presidents by the UPS
    Board and will become the newest members of the UPS Management
    Committee effective Jan. 1, 2004.
    "Tom and Joe leave behind a legacy of invaluable service to our
    company," said UPS Chairman and CEO Mike Eskew. "They helped guide UPS
    through many significant transformations and we all have benefited
    from their leadership and commitment to integrity and ethical business
    Tom Weidemeyer began his UPS career in 1972 and served in various
    assignments of increasing responsibility in package operations, air
    operations and the legal department. In 1989 he was named to head the
    company's Americas operations, where he directed the development of
    the UPS delivery network throughout Central and South America. In
    1990, he was appointed head of UPS Airlines and oversaw a period of
    dramatic growth during which UPS became the 11th largest airline in
    the world. Weidemeyer has been a member of the UPS Board since 1998.
    Joe Moderow joined UPS in 1968 and served in numerous positions in
    operations and engineering before being promoted to the corporate
    legal function in 1977. He later served in the company's national
    labor relations group and also headed the operations team for the
    start-up of international air service in 1986. That same year he
    became general counsel and corporate secretary and has since served
    under four UPS CEOs. He subsequently assumed responsibility for global
    public affairs and public relations. Moderow has been a UPS director
    since 1988.
    John Beystehner, 52, brings a broad range of experience to his new
    position as chief operating officer. Between 1971 and 1983, Beystehner
    was involved in all phases of UPS's package operations. He also has
    held various positions in legal, marketing, sales and air operations.
    As operations manager for UPS Airlines, Beystehner was heavily
    involved in the legal and regulatory aspects associated with the
    start-up of the airline, major aircraft acquisitions and labor
    negotiations. He assumed the position of worldwide sales manager in
    1997 and marketing manager in 2001. Under Beystehner's direction, UPS
    launched its largest advertising initiative ever -- the "What Can
    Brown Do for You?" campaign -- and one of the largest and most complex
    branding initiatives in corporate history last March, including the
    first change in the UPS logo in more than 40 years.
    Kurt Kuehn, 49, will assume responsibility for worldwide sales and
    marketing. Kuehn joined UPS in 1977 and has had a wide range of
    experience in operations, engineering, finance and marketing. In 1998,
    he wasnamed to head the business function responsible for market
    research and competitive analysis. Kuehn then played an instrumental
    role in UPS's initial public offering of stock in 1999, which was at
    the time the largest IPO in the history of Wall Street. He
    subsequently was named the company's first Investor Relations manager.
    Allen Hill, 48, joined UPS in 1976 and rose through various
    assignments in operations and human resources before joining the
    company's legal function in 1988. In 1995 he was named vice president
    and department manager responsible for all of UPS's worldwide legal
    affairs. In addition to his role as senior vice president, general
    counsel and corporate secretary, Hill also will be responsible for
    public affairs and public relations.
    "It is a testament to the strength and depth of our management
    team that we have such high-caliber people ready to step in and lead
    our company as we execute on our strategy of synchronizing the world
    of commerce," said Eskew.
  5. upscorpis

    upscorpis Guest

    Paying off bond debt, buying back stock, and now a bigger dividend; do you think there's a little cash laying around waiting for something to do?
  6. brown39

    brown39 Guest

    Shareowners will miss having Kurt there to help with the ANALysts meetings, he is a very intelligent guy. Joe will be missed, he is a man of such high integrity, a real good man, we owe him a debt of gratitude for his service. Joe, you did a good job and we appreciate it.
  7. wkmac

    wkmac Guest

    Don't overlook Tom Weidemeyer. Look at the air operation in 89' and look at it now including the latest addition of Worldport. Not taking a thing away from the other folks mentioned but from my perspective the name that jumped out at me in this release was Tom's. Whoever fills his shoes better soak them feet in Miracle Grow because Tom's shoes will be huge ones to fill. I assume Tom will remain on the Board as his oversite and experience there will be invaluable IMO.
  8. brown39

    brown39 Guest

    I agree, I am amazed that he is 55 .... Both gave their BEST. Fits the profile though, get to that age, finish with a flourish, move on, pass the baton. Without even missing a beat ....
  9. traveler

    traveler Guest

    ...And... the success of UPS is that there will almost always be an experienced person to immediately take their places. Many other companies look to the "outside" to fill this type of high level position with the idea that an "Ivy League" degree trumps company experience. Promoting from within has worked so well for UPS since 1907 that it never ceases to amaze me that few other corporations have caught of to its success.
  10. brown39

    brown39 Guest

    Some companies do not attempt to create, update, improve their CULTURE. With 96 years under our belt, maintaining and improving our culture is a good measurement of our success. Even begrudingly the Teamsters know that the UPS Culture has guaranteed them success as well.
  11. churchill

    churchill Guest

    Local 63 baby}