CEO of UK’s BT Group Elected to UPS Board
The Board of Directors of UPS (NYSE:UPS) today announced it had elected the chief executive of BT Group plc, Ben Verwaayen, as a new independent non-executive director of the company.
Verwaayen, 53, will serve the balance of a term that expires in May of this year and will stand for re-election at the UPS annual shareowners meeting on May 5.
“We are excited to add to our board an executive who brings such a strong international perspective,” said Mike Eskew, chairman and CEO of UPS. “We also will benefit greatly from Ben’s knowledge and experience in telecommunications and technology.”
Based in the United Kingdom, BT is one of the world’s leading providers of communications solutions with operations in Europe, the Americas and Asia Pacific. Its principal activities include IT and networking services, local, national and international telecommunications services and higher-value broadband and internet products and services.
Verwaayen has been chief executive of BT since February 2002. He is a member of BT’s Board of Directors and chairs the company’s Operating Committee. He has extensive background in the telecommunications industry, previously serving as vice chairman of Lucent Technologies and as president and managing director of the telecom subsidiary of KPN in the Netherlands. He also served as a senior executive for ITT in Europe for more than a decade.
Verwaayen is a Dutch national.
UPS is the world’s largest package delivery company and a global leader in supply chain services, offering an extensive range of options for synchronizing the movement of goods, information, and funds. Headquartered in Atlanta , UPS serves more than 200 countries and territories worldwide. UPS stock trades on the New York Stock Exchange (UPS) and the company can be found on the Web at UPS.com.
