David P. Abney has been with UPS since 1974, starting as a part-time package loader. He climbed the ranks to become CEO on September 1, 2014, after serving as COO since 2007. His journey through different roles, including President of...

Number of Employees

500K

Year

2023

Total Compensation

$1.61M

Salary

$1.51M

Board Justification

The compensation philosophy emphasizes performance-based pay that aligns with the long-term interests of shareholders, with a significant portion of total compensation being at risk based on company performance.

Bonus

$0.00

Board Justification

No bonus was awarded for the year 2023 as per the Management Incentive Program.

Other

$95.67K

Board Justification

Other compensation includes contributions to retirement plans, life insurance premiums, and financial planning services.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock awards vested in 2023 as the focus was on performance-based compensation and stock options.

Performance Metrics

The performance metrics for determining compensation included revenue growth, adjusted operating profit, and adjusted return on invested capital.

SEC Filing

From March 18, 2024

David P. Abney

CEO of United Parcel Service, Inc.

U

Education

Not specified

Field of Expertise

Business & Management

Born

January 1, 1956 - 69 years ago

Is Founder?

No

Current Tenure

10 years 4 months (Sep 2014 - Present)

Previous Experience

Joined UPS in 1974, held various operational positions including President of UPS Airlines and Senior Vice President of UPS International