Tag: UPS

Announcing their retirements from UPS at year’s end were Thomas H. Weidemeyer, chief operating officer and president of UPS Airlines, and Joseph R. Moderow, general counsel, corporate secretary and head of global public affairs and public relations. Weidemeyer and Moderow also serve on the UPS Board of Directors as well as the UPS Management Committee.

Named to succeed Weidemeyer as chief operating officer and president of UPS Airlines is John Beystehner, a 32-year company veteran who currently serves as senior vice president of worldwide sales and marketing. Replacing Moderow as general counsel and corporate secretary will be Allen Hill, a 27-year UPSer who is currently vice president heading the company’s legal department.

Succeeding Beystehner as senior vice president of worldwide sales and marketing will be Kurt Kuehn, currently vice president in charge of investor relations.

UPS expects to grow significantly next year and into the future because of a strategy of building capabilities to synchronize global commerce, company executives said. It is doing so by streamlining its domestic operations, extending the reach of its highly integrated international network and expanding its capability to manage complex supply chains. Earnings in 2004 should grow between 12-to-18%. By 2007, when UPS celebrates its 100th anniversary, all three of its operating segments should be delivering profit margins over 15%, said UPS Chief Financial Officer Scott Davis.