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UPS promotes David Abney to CEO

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Staff writer | Atlanta, Ga., USA | June 9, 2014
David AbneyJune 9, 2014, Atlanta, Ga., USA - UPS, a logistics company, announced that it has named David Abney, currently the company's chief operating officer, as its new chief executive officer and director.
Mr. Abney began his UPS career in 1974 as a part-time package loader. Over the course of his 40-year career, he held various operational positions leading to his current position. As chief operating officer, he had responsibility for UPS logistics, sustainability, and engineering, leading the company's significant investment in alternative fuel fleets, and implementing programs to expand the company's total freight volume.

Prior to becoming chief operating officer, Mr. Abney served as president of UPS International where he led the expansion of the company's global logistics capabilities. He earned his bachelor's degree in business administration from Delta State University. He serves on the Board of Directors of the Delta State University Alumni Foundation.

Mr. Abney is also a Trustee of The UPS Foundation, UPS's charitable arm, as well as a member of the Board of Directors of Johnson Controls, Inc., Airlines for America, and the Coalition of Service Industries, which represents service businesses and seeks to lower barriers to world trade. He is also chairman of the World Affairs Council of Atlanta.

The company also announced that Scott Davis, who has served as the company's Chairman of the Board and CEO since 2008, will retire from UPS and will assume the role of non-executive Chairmanm effective September 1, 2014.

Mr. Davis, a 29-year veteran of the company, joined UPS in 1986 when UPS acquired the technology company II Morrow, where he was CEO. He served in positions of increasing responsibility in finance and accounting before assuming the role of CFO and joining the UPS Management Committee in 2001. In 2006, he was named vice chairman and was elected to the UPS Board of Directors that same year. He became CEO and Chairman of the Board on January 1, 2008.

Mr. Davis has presided over rapid growth in international operations and supply chain and freight. He also oversaw strategic initiatives to expand the company's U.S. and European air hubs, the opening of the Intra-Asian air hub in Shenzhen, and transformation of the company's U.S. small package organization, the largest operating unit of the company. Mr. Davis also served on the President's Export Council and previously as chairman of the Federal Reserve Bank of Atlanta.