UPS Names Brian Dykes New CFO

25-Year Company Veteran Has Held Several Financial Positions

Brian Dykes replaces former CFO Brian Newman, whom. UPS previously said would leave the company on June 1 to focus on his health. (John Sommers II for Transport Topics with inset via LinkedIn)

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UPS Inc. named a company veteran to be its new chief financial officer after the parcel giant’s former finance leader left the company last month to focus on his health.

Brian Dykes will assume the CFO job effective immediately, UPS said in a July 9 statement. Dykes, 46, has held a variety of finance roles during his more than 25 years at UPS, most recently as senior vice president of the company’s global finance and planning unit.

He replaces former CFO Brian Newman, whom UPS previously said would leave the company on June 1 to focus on his health.

Dykes’ “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,” UPS CEO Carol Tomé said in the statement.

UPS ranks No. 1 on the Transport Topics Top 100 list of the largest for-hire carriers in North America, and UPS Supply Chain Solutions ranks No. 4 on the TT Top 100 list of the largest logistics companies.

UPS shares were little changed after regular trading in New York. The Atlanta-based courier is scheduled to report second-quarter earnings July 23.

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