UPS is searching for its next CFO
==========

The CFO of UPS, Brian Newman, will step down on June 1 for health reasons. In his separation agreement with the company, Newman will receive $1.83 million in cash, among other payments and benefits. UPS will consider internal and external candidates to fill the position. Newman's departure comes as the package-delivery service tries to turn around its financial performance amid low volumes. In the quarterly earnings report, UPS reported that the decline in customer demand had nearly leveled off. Average daily volume (ADV) declined 3.2% in the US and 5.8% internationally. CEO Carol Tomé said Newman "has been a great partner, having guided the company through unprecedented economic conditions."



https://fortune.com/2024/05/07/ups-is-searching-for-its-next-cfo/