June 6, 2014 9:00 AM, EDT

UPS Names David Abney CEO, Effective Sept. 1

Scott Davis to Remain Chairman Upon Retirement
Davis, Abney Courtesy of UPS

UPS Inc. named David Abney its new CEO, effective Sept. 1, succeeding Scott Davis, 62, who has been the company’s chairman and CEO since 2008.

Davis, 62, will retire and become the compnay’s non-executive chairman, also in September, the company said June 6. Abney is currently UPS’s chief operating officer.

Abney, 58, will become the 11th CEO in UPS’ 107-year history. He started with the company in 1974 as a part-time package loader, and over the course of his career held multiple operational positions.

As COO, he had responsibility for UPS logistics, sustainability, and engineering, leading the company’s investment in alternative fuel fleets and implementing programs to expand total freight volume. In that role, he directed the UPS transportation network serving more than 200 countries and territories.

“David possesses tremendous depth of understanding of the rapidly evolving transportation and logistics markets,” Davis said in a statement. “His capability to anticipate global trends, identify risks and guide the company and our clients to capitalize on opportunities has proven invaluable.  We have navigated through challenging economic recovery periods during my tenure as CEO.”

UPS ranks No. 1 on the Transport Topics Top 100 list of the largest U.S. and Canadian for-hire carriers.