UPS wants credit card company CFO on board
United Parcel Service Inc.’s board has nominated American Express Co. Chief Financial Officer Gary L. Crittenden to serve as a director, as UPS’ most senior board member prepares to retire.
Crittenden will stand for election at the UPS annual shareholders meeting on May 10.
Crittenden became American Express CFO in June 2000. Prior, he was the CFO of Monsanto Co. and Sears Roebuck Co. He began his career in consulting with Bain & Co., where he worked on a range of strategic projects in the United States and Germany. He currently serves on Staples Inc.’s board of directors.
Atlanta-based UPS also reported long-time independent director Gary MacDougal will not stand for re-election due to the company’s age guidelines for board members. MacDougal joined the UPS board in 1973 and is now the senior member of the board.
MacDougal served as the chairman and CEO of Mark Controls from 1969 to 1987. Prior, he was a partner at McKinsey & Co., an international management consulting firm. In 1989, MacDougal was appointed by President George H.W. Bush as a delegate and alternate representative in the U.S. delegation to the United Nations.
