UPS’ Eskew to retire

Oct. 18, 2007
United Parcel Service’s chairman & CEO Mike Eskew plans to step down at the end of the year. Scott Davis, currently the carrier’s vice chairman and CFO, will replace him

United Parcel Service’s chairman & CEO Mike Eskew plans to step down at the end of the year. Scott Davis, currently the carrier’s vice chairman and CFO, will replace him.

Eskew assumed the role of chairman and CEO on Jan. 1, 2002, and since that time UPS not only expanded its capabilities and operations both in the U.S. and worldwide, it made more money, too. From 2002 through 2006, the company said revenues grew nearly 57% to $47.5 billion, with net income increasing some 75% percent. UPS added that its international package revenues more than doubled to $9 billion and its supply chain and freight revenues nearly quadrupled to $8 billion between 2002 through the end of 2006.

Davis, 55, joined UPS in 1986 when it acquired the technology company II Morrow, where he was CEO. Promoted to CFO in 2001, Davis went on to join UPS’ board of directors and become vice chairman in 2006.

Kurt Kuehn – currently senior vp-global sales and marketing – replaces Davis as the company’s CFO, with Alan Gershenhorn, currently president of UPS International, replacing Kuehn. Dan Brutto, currently the president of global freight forwarding for UPS, is being promoted to take over Gershenhorn’s position as president of UPS International.

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