Boston, MA 06/10/2014 (wallstreetpr) – United Parcel Service, Inc. (NYSE:UPS), the package delivery company, promoted Chief Operating Officer, David Abney, to act as Chief Executive Officer, effective September 1, 2014.
The company’s present CEO, Scott David, is due to retire this year, post which it will see Abney as its new CEO. With this step, United Parcel Service, Inc. (NYSE:UPS) extended on its trademark practice of promoting leaders from within the organization and bringing in a new CEO after an average of five and a half years.
Abney’s History
Abney started his career at UPS 40 years ago as a part time package loader. The passionate runner is a Mississippi State University football fan who happens to be the first College graduate in his family. He plans to exploit his four decade experience with the company to leverage the arcane shipping regulation sin China as well as to navigate online shopping back to the company. His ways of working are methodical, as described by some.
Avoiding 2013 Failures
The 58 year old United Parcel Service, Inc. (NYSE:UPS) veteran seeks to start with making up for the company’s last year’s delivery stumbles. He had led the internal review of the last minute holiday season delivery breakdowns in 2013. Abney believes that the company needs to increase capacity to leverage business in peak time shipments. He also seeks said that one important step to ensure timely deliveries is to efficiently predict demand, which, he said, is possible on effective communication with the company’s biggest customers.
Abney has been the head of the team which focused on ways to rebound from the previous Christmas’ late shipments and has spawned $100 million in the efforts. The team worked on creating strategies to enhance the efficiency of delivery routes while seeking increased use of latest technology and at the same time invested in expanding some of the company’s parcel facilities. One of United Parcel Service, Inc. (NYSE:UPS) former investor relations executive, Andy Dolny, said he believes Abney will move in the right direction to overcome the failures of 2013.
