United Parcel Service Inc. said Chief Executive David Abney is stepping down from the role and will be succeeded by board member Carol Tomé, the first outsider to run the century-old delivery giant. Ms. Tomé, a longtime UPS director and former finance chief at Home Depot Inc., will take over as CEO on June 1. Mr. Abney, who also serves as chairman, will become executive chairman on that date and retire from the board entirely on Sept. 30.

Source: Wall Street Journal March 12, 2020 12:17 UTC