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UNITED PARCEL SERVICE INC 8-K Report, Executive Changes (Aug 31, 2026)

Filed August 31, 2026For Securities:UPS

Summary

United Parcel Service, Inc. (UPS) announced significant changes in its executive leadership on August 31, 2026, impacting key operational roles. Notably, Kate Gutmann, Executive Vice President and President of International, Healthcare, and Supply Chain Solutions, will retire effective September 1, 2026, after a transitional period ending March 31, 2027. This departure marks the end of an era for a key executive overseeing critical global segments of the business. In response, UPS has appointed Wilfredo Ramos as the new Executive Vice President and Chief International, Healthcare and Supply Chain Solutions Officer, leveraging his extensive experience within the company, particularly from his recent leadership in the Asia Pacific Region. Furthermore, to ensure stability and retain crucial expertise during this transition, UPS has entered into retention agreements with Nando Cesarone and Bala Subramanian. These agreements involve substantial restricted stock unit (RSU) awards, highlighting the company's commitment to retaining top talent in senior operational and technological leadership roles.

Key Highlights

  • 1Kate Gutmann, EVP and President, International, Healthcare, and Supply Chain Solutions, is retiring effective September 1, 2026, with a transition period through March 31, 2027.
  • 2Wilfredo Ramos has been appointed as the new EVP and Chief International, Healthcare and Supply Chain Solutions Officer, bringing over 20 years of UPS experience.
  • 3Nando Cesarone, EVP and President U.S., will transition to EVP and Chief Global Operations Officer.
  • 4Bala Subramanian remains EVP and Chief Digital and Technology Officer.
  • 5Retention agreements have been executed with Nando Cesarone and Bala Subramanian to ensure continuity.
  • 6Nando Cesarone will receive RSUs valued at $6.0 million, vesting over three years starting September 1, 2027.
  • 7Bala Subramanian will receive RSUs valued at $3.0 million, vesting over three years starting September 1, 2027.

Frequently Asked Questions

Kate Gutmann, Executive Vice President and President, International, Healthcare and Supply Chain Solutions, is retiring from her current roles effective September 1, 2026. She will remain with the company in a transitional capacity until March 31, 2027, after which she is expected to fully retire.

Wilfredo Ramos has been appointed as the new Executive Vice President and Chief International, Healthcare and Supply Chain Solutions Officer. Mr. Ramos has more than twenty years of experience with UPS, most recently serving as President of the Asia Pacific Region, Global Brokerage, Customer Solutions, and Global Revenue Operations.

UPS has entered into retention agreements with Nando Cesarone and Bala Subramanian to secure continued leadership during executive transition. Mr. Cesarone, moving to Chief Global Operations Officer, will receive RSUs valued at $6.0 million. Mr. Subramanian, remaining as Chief Digital and Technology Officer, will receive RSUs valued at $3.0 million. These awards vest over three years, contingent on continued employment.

The restricted stock units (RSUs) for both Nando Cesarone and Bala Subramanian will vest as follows: 25 percent on September 1, 2027, 25 percent on September 1, 2028, and the remaining 50 percent on September 1, 2029, provided they remain employed with the Company through each respective vesting date.