United Parcel Service, Inc. (UPS) announced that it has named David Abney as the company’s new CEO.
UPS reported that its current COO David Abney will be appointed to the CEO position and will become a member of the Board of Directors. The company’s current CEO Scott Davis will retire from his position after being in the position since 2008. These changes will be effective on September 1, 2014.
Abney joined the company in 1974 as a part-time package loader. He has held several position leading up to his current position.
Abney commented: “I am deeply honored to be selected by the Board to serve as CEO. The company has provided me tremendous opportunity, amazing career experiences and rewarding professional development. I believe it is my duty to create an environment where talented UPS people can excel by helping our customers to accomplish their goals. Ultimately, I believe that is how, together, we will build on the UPS legacy of success.”UPS Dividend Snapshot
As of market close on June 5, 2014
Click here to see the complete history of UPS dividends.
UPS shares were mostly flat during pre-market trading Friday. The stock is down 1.39% YTD.