The UPS board of directors has unanimously elected David P Abney, CEO of UPS, as chairman of the board, in a move that will combine both roles. Abney will succeed Scott Davis as chairman, who will retire later this year following the 2016 Annual Meeting of Shareowners.
William R Johnson, lead independent director, UPS, said, “Our decision to combine the roles of board chairman and CEO is a result of thoughtful consideration of the board’s leadership structure. This change will improve strategic alignment and support the company’s ability to deliver value through profitable global growth, operating efficiency, customer satisfaction and continuous improvement. David Abney’s leadership on our board, combined with many years of distinguished UPS service and a strong track record as CEO have prepared him to fulfill the role of both chairman and CEO.”
Prior to his appointment as CEO in 2014, Abney served as chief operating officer, overseeing logistics, sustainability, engineering and all facets of the UPS transportation network. Earlier in his career, Abney held the position of president of UPS International, driving the company’s strategic initiatives to increase its global capabilities.
Abney said, “Leading UPS into the future is a great honor, and I thank each and every UPS employee, our management committee, and our board for the trust placed in me every day. Continued international expansion, global e-commerce acceleration and growth in specialized markets present endless opportunities ahead, and it is a privilege to steer UPS to continued success.
“Scott Davis has served UPS for 30 years in numerous capacities and has positively transformed the company and positioned UPS for future success, while deepening our commitment to our customers, our shareholders and our employees. We owe Scott our gratitude and wish him the best in his retirement.”
February 12, 2016