UPS has announced that executive vice president and chief financial officer (CFO) Brian Newman is stepping down from his role on June 1 to focus on his health.
In a statement published on UPS’s website, Newman stated, “I am honored to have served as CFO of such a storied company with so many great leaders around the world. I am confident in the company’s continued success and growth trajectory. My near-term priority is to focus on my health.”
UPS is now evaluating potential internal and external CFO candidates to succeed Newman.
Carol Tomé, UPS chief executive officer, commented, “On behalf of the company and the entire board of directors, I thank Brian for his significant contributions to UPS. 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.”