UPS names COO, company veteran Abney as next CEO; Davis to remain non-executive chairman

FILE - In a Monday, Oct. 27, 2008 file photo, UPS Chief Operating Officer David Abney stands in front of a prototype package truck as he speaks during a news conference in Atlanta. The UPS Board of Directors on Friday, June 6, 2014 announced that it has named Abney, as its new Chief Executive Officer and appointed him to the Board of Directors. Scott Davis, 62, who has served as the company's Chairman of the Board and CEO since 2008, will retire from UPS and will assume the role of non-executive Chairman. Both moves are effective September 1, 2014. (AP Photo/John Bazemore, File)

June 06, 2014 - 4:49 AM

ATLANTA - Package-delivery giant UPS has named a longtime company veteran as its next CEO.

The company says Chief Operating Officer David Abney will take the top job Sept. 1. Current Chairman and CEO Scott Davis will become nonexecutive chairman at that time.

The 58-year-old Abney has worked for UPS for 40 years, starting as a package loader. Before becoming COO, he led the company's international operation, among many other jobs.

The sixty-two-year-old Davis has been chairman and CEO since 2008 and has been with the company since 1986. The company says he oversaw significant expansions of its international capabilities.

News from © The Associated Press, 2014

The Associated Press

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