UPS Appoints Brian Dykes as Chief Financial Officer

Rhea-AI Summary

UPS (NYSE: UPS) has appointed Brian Dykes as its new Executive Vice President and Chief Financial Officer, effective immediately. Dykes, who is 46 years old, has been with UPS for over 25 years. His new responsibilities include overseeing financial strategies, planning, treasury, tax, financial reporting, financial operations, and investor relations.

Previously, Dykes served as Senior Vice President of Global Finance and Planning since April 2023 and held various leadership roles in finance, accounting, corporate treasury, mergers and acquisitions, business intelligence, and business development at UPS. CEO Carol B. Tomé expressed confidence in Dykes' extensive experience and strategic leadership capabilities, emphasizing his role in executing UPS's 'Better and Bolder' strategy to enhance shareholder value.

Positive

• Brian Dykes brings over 25 years of experience with UPS, indicating deep organizational knowledge.
• Dykes' previous role as Senior Vice President of Global Finance and Planning suggests readiness for the CFO position.
• Appointment aligns with UPS's 'Better and Bolder' strategy, aimed at driving shareholder value.

Negative

• None.

Long-time Company Leader to Head UPS Finance Function

ATLANTA--(BUSINESS WIRE)-- UPS (NYSE: UPS) today announced the appointment of Brian Dykes as its new Executive Vice President and Chief Financial Officer. Effective immediately, he will be responsible for UPS’s financial strategies and will lead the global finance organization, including planning, treasury, tax, financial reporting, financial operations, and investor relations.

Dykes, 46, has spent more than 25 years with UPS, most recently serving as Senior Vice President, Global Finance and Planning, since April 2023. Prior to that role, Dykes held positions of increasing responsibility within the Company’s finance and accounting, corporate treasury, mergers and acquisitions, business intelligence, and business development functions, both in the U.S. and internationally.

“I am delighted to appoint Brian as our next CFO,” said UPS Chief Executive Officer Carol B. Tomé. “Brian’s experience makes him uniquely qualified. The Board and I are confident that Brian’s financial and business acumen, honed in a variety of strategic leadership roles at UPS during his career, make him the best person to lead our global finance function as we execute on our Better and Bolder strategy to drive shareowner value.”

About UPS
UPS (NYSE: UPS) is one of the world’s largest companies, with 2023 revenue of $91.0 billion, and provides a broad range of integrated logistics solutions for customers in more than 200 countries and territories. Focused on its purpose statement, “Moving our world forward by delivering what matters,” the company’s approximately 500,000 employees embrace a strategy that is simply stated and powerfully executed: Customer First. People Led. Innovation Driven. UPS is committed to reducing its impact on the environment and supporting the communities we serve around the world. UPS also takes an unwavering stance in support of diversity, equity and inclusion. More information can be found at ups.com, about.ups.com and investors.ups.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240709402701/en/

UPS Media Relations: pr@ups.com

UPS Investor Relations: investor@ups.com

Source: UPS

FAQ

Who is the new CFO of UPS?

Brian Dykes has been appointed as the new Chief Financial Officer of UPS.

When did Brian Dykes become the CFO of UPS?

Brian Dykes' appointment as CFO of UPS is effective immediately as announced in the press release.

What is Brian Dykes' experience before becoming CFO of UPS?

Brian Dykes has over 25 years of experience with UPS, most recently serving as Senior Vice President of Global Finance and Planning since April 2023.

What will Brian Dykes be responsible for as CFO of UPS?

As CFO, Brian Dykes will oversee UPS’s financial strategies, planning, treasury, tax, financial reporting, financial operations, and investor relations.

How does Brian Dykes' appointment align with UPS's strategy?

Brian Dykes' appointment as CFO supports UPS's 'Better and Bolder' strategy to enhance shareholder value.