David Abney is new UPS CEO
Scott Davis to remain as chairman after retirement, long term strategy and continuity cited.
June 10, 2014
The UPS Board of Directors today have recently announced that it has named David Abney, currently the company’s Chief Operating Officer, as its new Chief Executive Officer and appointed him to the Board of Directors. Scott Davis, 62, who has served as the company’s Chairman of the Board and CEO since 2008, will retire from UPS and will assume the role of non-executive Chairman. Both moves are effective September 1, 2014.
Abney, 58, becomes the 11th chief executive officer of the company. Over the course of his 40-year career, he held various operational positions leading to his current position. As chief operating officer, Abney had responsibility for UPS logistics, sustainability, and engineering, leading the company’s significant investment in alternative fuel fleets, and implementing programs to expand the company’s total freight volume. In that role, he directed the UPS transportation network serving more than 200 countries and territories.
“David possesses tremendous depth of understanding of the rapidly evolving transportation and logistics markets,” said Scott Davis. “His capability to anticipate global trends, identify risks and guide the company and our clients to capitalize on opportunities has proven invaluable. We have navigated through challenging economic recovery periods during my tenure as CEO.