Saturday, July 20, 2024
UPS Chief Financial Officer Brian Newman to step down

UPS Chief Financial Officer Brian Newman to step down

UPS announced that Brian Newman, executive vice president and chief financial officer, will leave the company on June 1 and it will evaluate internal and external CFO candidates to identify Newman’s successor.

“On behalf of the company and the entire Board of Directors, I thank Brian for his significant contributions to UPS,” said Carol Tomé, UPS chief executive officer. Brian has been a great partner, having guided the company through unprecedented economic conditions. He is leaving us well-positioned for future growth as we execute our 1+2 strategy and continue to deliver on our purpose. We affirm our full-year guidance as previously shared in the last earnings call.”

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“I am honoured to have served as CFO of such a storied company with so many great leaders around the world,” said Newman. “I am confident in the company’s continued success and growth trajectory. My near-term priority is to focus on my health.”

UPS  is one of the world’s largest companies, with 2023 revenue of US $91.0 billion, and provides a broad range of integrated logistics solutions for customers in more than 200 countries and territories.

Picture of Anastasiya Simsek

Anastasiya Simsek

Anastasiya Simsek started her journalism career in 2016 at Ukrainian TV-Channels: 24 Channel and 1+1 Media. Having worked across a number of different sectors, including news, medicine and lifestyle, she joined the Air Cargo Week editorial team in 2024. To share your news and exclusive insights, contact Anastasiya.Simsek@AirCargoWeek.com

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