Boston, MA 06/09/2014 (wallstreetpr) – Package delivery company, United Parcel Service, Inc. (NYSE:UPS) disclosed the elevation of its chief operating officer David Abney to the position of chief executive officer. The promotion of David Abney will take effect from September 1, since the current CEO will retire on that day. David Abney has also been inducted into its board.
Elevation of COO
David Abney has been with the logistic giant since 1974 as a part-timer of package loader. The company has a history of elevating senior internal executives to the role of CEO because of its extraordinary depth of management and therefore it became no surprise to the market. One of the members of the board and chairman of the Corporate Governance and Nominating Committee Duane Ackerman said that the elevation of David Abney was done after carefully considering candidates and the experience and the leadership skills of David to head the company’s operations.
David Abney will be the eleventh CEO of United Parcel Service, Inc. (NYSE:UPS) in it’s over a century of history. He carries 4 decades of experience having held different operational positions before being the COO of the logistic firm. The company cited leadership continuity and long-term tactics in elevating David Abney.
As COO, David Abney was responsible for logistics, engineering, and sustainability besides leading its key investments in alternative fuel needs. He was also responsible for implementing programs to increase total freight volume of the company having served over 200 countries and territories.
David Abney has also held the position of United Parcel Service, Inc. (NYSE:UPS)’ international division’s president where he expanded its global logistics capabilities and helped the company in its acquisition quest to expand its footprint and lift its presence in the domestic market.
Management Speaks
The current CEO Scott Davis viewed that David Abney has an excellent understanding of the logistics market in a rapidly evolving transportation environment. He has the ability to identify risks besides anticipating global trends that are needed to navigate through challenges that the United Parcel Service, Inc. (NYSE:UPS) had face in the near past.
