In August, the company announced the retirement of chief financial officer Richard Peretz. Brian Newman was named as CFO effective Sept. 16, joining UPS from PepsiCo. Peretz will stay with UPS through December to help with the transition.
David Abney has led UPS as CEO since 2014, and has also been chairman since 2016. He was previously COO of UPS.
UPS has long had a promote-from-within culture, with Abney and Barber as examples of executives who started out as drivers or package-loaders and advanced through the years to the C-suite.
Abney said the company has a “blend” in its management time including longtime UPSers like Barber and Peretz, “and then we have also brought in some very good people from the outside. I see that continuing.”
“We have a strong bench and succession planning is something that we constantly focus on,” Abney said.