United Parcel Service announced Monday the adoption of a new operating model and leadership structure to accelerate profit growth as it evolves from a traditional small package carrier into an integrated logistics provider. The move coincides with the completion of its phase-out of low-margin Amazon business and downsizing of its domestic parcel network. UPS will standardize processes across geographies while maintaining local flexibility, focusing on high-value segments like healthcare, industrial, and automotive logistics. Nando Cesarone was appointed executive vice president and chief global operations officer, and Matt Guffey was named chief U.S. domestic officer. Kate Gutmann, president of international, healthcare and supply chain solutions, will retire after 37 years, having helped grow healthcare logistics to nearly $12 billion. UPS stock closed Monday at $104.23, down from $127 two years ago.
United Parcel Service IncNew operating model and leadership structure aimed at accelerating profit growth.
Amazon.com Inc