8-KLeadership ChangesExhibits & Filings

UNITED PARCEL SERVICE INC 8-K Report, Executive Changes (Dec 20, 2006)

Filed December 20, 2006For Securities:UPS

Summary

This 8-K filing from United Parcel Service (UPS) on December 19, 2006, primarily announces a significant executive change. John J. Beystehner, the Chief Operating Officer, President of UPS Airlines, and a Director, will be retiring effective January 2, 2007. This event marks the departure of a key leader from the company's operational and strategic oversight. Investors should note the timing of this retirement as it could coincide with strategic shifts or operational planning for the upcoming year. While the filing itself does not provide details on succession planning or the reasons for retirement, it highlights a change in top-level management. The accompanying press release, attached as an exhibit, may offer further context on Mr. Beystehner's contributions and potential replacements.

Key Highlights

  • 1John J. Beystehner, COO and President of UPS Airlines, is retiring.
  • 2Mr. Beystehner will also step down as a Director of UPS.
  • 3The retirement is effective January 2, 2007.
  • 4The company filed a Form 8-K to report this executive departure.
  • 5A press release dated December 18, 2006, announcing the retirement, is included as an exhibit.

Frequently Asked Questions

John J. Beystehner is retiring from his positions as Chief Operating Officer, President of UPS Airlines, and as a Director of UPS.

The retirement is effective January 2, 2007.

This filing signals a change in key leadership at UPS. Investors should monitor potential impacts on operations, strategy, and succession planning following this executive departure.

No, this specific 8-K filing does not provide details on who will succeed Mr. Beystehner. It only announces his retirement. Investors may find more information in the accompanying press release or future filings.