UPS Announces CFO Succession Plan
12 Août 2019 - 10:05PM
UPS (NYSE:UPS) today announced Richard Peretz, UPS Chief Financial
Officer, 57 plans to retire. Brian Newman, 50 currently Executive
Vice President, Finance and Operations, Latin America for PepsiCo,
is appointed UPS Chief Financial Officer, effective September 16,
2019. Newman will join the UPS Management Committee, the
senior-most leadership team responsible for management of the
company. Peretz will remain with the company through December 2019
to assist Newman to ensure a smooth transition period.
Newman is a proven senior corporate leader with extensive
finance, operations, corporate strategy and information technology
experience. He served in positions of increasing responsibility at
PepsiCo over 26 years and has worked in Asia, Europe, Russia and
the U.S. in various corporate, regional and sector assignments. He
began his career in investment banking prior to joining PepsiCo. In
his current role, Newman has leadership responsibility for all
finance and operations activity across the Latin America
region.
“I am very pleased to welcome Brian to UPS’s senior management
team,” said David Abney, UPS Chairman and CEO. “Brian’s deep
finance knowledge and broad cross-functional experience will be a
great asset as we continue our Transformation. He will
contribute to our drive for improved growth and operating
performance, and he will support our strategies focused on the long
term success of the company.”
Richard Peretz was appointed UPS CFO in 2015 and served in
numerous roles throughout his 38 year career with UPS.
“On behalf of the company and the entire Board of Directors, I
thank Richard for his commitment and substantial contributions to
UPS,” said Abney. “Richard’s leadership and guidance helped the
company achieve strong financial and operational performance, and
have well positioned the company for the future. I am pleased that
Richard will help facilitate a smooth leadership transition.”
“I am proud to have been part of such a great company and to
have participated in UPS’s extraordinary growth during my years
here,” said Peretz. “I am confident in the management team and
appreciative of all the opportunities I have been given throughout
my career at UPS.”
Peretz joined UPS in 1981. He held a series of finance
leadership positions of increasing responsibility, including
district controller supporting UPS's expansion into the Americas,
and he was a key member of the team responsible for UPS’s IPO in
1999. Peretz was named Chief Financial Officer of International in
2003, and promoted to Corporate Finance Vice President in 2007,
where he oversaw a broad range of finance staff areas. He was named
Corporate Controller in 2013, and expanded his role to include
Corporate Treasurer in 2014.
Editor’s Note: biographies and photos are available on the UPS
Pressroom at: http://www.pressroom.ups.com.
About UPS
UPS (NYSE: UPS) is a global leader in logistics, offering a
broad range of solutions including transporting packages and
freight; facilitating international trade, and deploying advanced
technology to more efficiently manage the world of business.
Headquartered in Atlanta, UPS serves more than 220 countries and
territories worldwide. UPS was awarded America’s Best Customer
Service company for Shipping and Delivery services by Newsweek
magazine; Forbes Most Valuable Brand in Transportation; and top
rankings on the JUST 100 list for social responsibility, the Dow
Jones Sustainability World Index, and the Harris Poll Reputation
Quotient, among other prestigious rankings and awards. The company
can be found on the web at ups.com or pressroom.ups.com and its
corporate blog can be found at longitudes.ups.com. The company’s
sustainability eNewsletter, UPS Horizons, can be found
at ups.com/sustainabilitynewsletter. To get UPS news direct,
follow @UPS_News on Twitter. To ship with UPS, visit
ups.com/ship.
Steve Gaut, Public Relations
404-828-4663
Scott Childress, Investor Relations
404-828-7957
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