UPS announced that Brian Newman, executive vice president and chief financial officer, will leave the company on June 1 and it will evaluate internal and external CFO candidates to identify Newman’s successor.

“On behalf of the company and the entire Board of Directors, I thank Brian for his significant contributions to UPS,” said Carol Tomé, UPS chief executive officer. Brian has been a great partner, having guided the company through unprecedented economic conditions. He is leaving us well-positioned for future growth as we execute our 1+2 strategy and continue to deliver on our purpose. We affirm our full-year guidance as previously shared in the last earnings call.”

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“I am honoured to have served as CFO of such a storied company with so many great leaders around the world,” said Newman. “I am confident in the company’s continued success and growth trajectory. My near-term priority is to focus on my health.”

UPS  is one of the world’s largest companies, with 2023 revenue of US $91.0 billion, and provides a broad range of integrated logistics solutions for customers in more than 200 countries and territories.

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