Appoints Carol Tomé as CEO; David Abney to be Executive Chairman
The UPS Board of Directors has announced it has named Carol Tomé as UPS Chief Executive Officer, effective 1 June. David Abney, the current Chairman and Chief Executive Officer, will remain in his role until June 1, when he will become Executive Chairman of the Board. He will retire from the UPS Board on 30 September.
In order to ensure a smooth transition and successful peak season, Abney will remain as a special consultant through the end of 2020 and then retire after 46 years of UPS service. On 30 September, Abney will assume the role of Non-Executive Chairman.
“Carol is one of the most respected and talented leaders in Corporate America and has a proven track record of driving growth at a global organization, maximizing shareholder value, developing talent and successfully executing against strategic priorities,” said William Johnson, UPS Lead Independent Director.
“This is the right time for me to pass the baton. I am extremely pleased for Carol and know she is the best choice to lead the company. She understands UPS’s culture and values, is a strategic leader and possesses a customer-first mindset,” remarked Abney in a press statement.
Carol Tomé becomes the 12th Chief Executive Officer in the 113-year history of UPS. She has been a member of the UPS Board of Directors since 2003 and serves as Chairperson of the Audit Committee.
