UPS names company veteran as next CEO

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Associated Press

Posted on June 6, 2014 at 5:00 AM

Updated Friday, Jun 6 at 6:03 AM

ATLANTA (AP) — Package-delivery giant UPS has named a longtime company veteran as its next CEO.

The company says Chief Operating Officer David Abney will take the top job Sept. 1. Current Chairman and CEO Scott Davis will become nonexecutive chairman at that time.

The 58-year-old Abney has worked for UPS for 40 years, starting as a package loader. Before becoming COO, he led the company's international operation, among many other jobs.

The sixty-two-year-old Davis has been chairman and CEO since 2008 and has been with the company since 1986. The company says he oversaw significant expansions of its international capabilities.

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