Chief Executive of UPS to retire
United Parcel Service, the world’s largest shipping carrier, said Monday that its chief executive, Michael L. Eskew, would retire at the end of the year after six years at the helm and more than three decades with the company.
Scott Davis, chief financial officer, will succeed Mr. Eskew, the company said.
The move was not a surprise, although Mr. Eskew, 58, had not said previously when he would step down.
Mr. Eskew assumed the role of chairman and chief executive on Jan. 1, 2002. Mr. Davis, 55, joined U.P.S. in 1986.
The company also announced several other changes in senior leadership. Replacing Davis as the company’s CFO will be Kurt Kuehn, who is currently senior vice president of global sales and marketing and a member of the UPS Management Committee. Replacing Kuehn will be Alan Gershenhorn, who is currently president of UPS International and also serves on the UPS Management Committee. Dan Brutto, who is currently the president of global freight forwarding for UPS, is being promoted to the position of president of UPS International and will also join the company’s Management Committee.
