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Davis Replaces Eskew as CEO of UPS

Eskew, who was named chairman and CEO on January 1, 2002, was described as an innovator and strategist. During his tenure as CEO, UPS revenues grew by nearly 57% to $47.5 billion, and net income rose by more than 75%.

Davis joined UPS in 1986 when it acquired II Morrow, a technology company where he was CEO. He served in a number of roles before being named CFO in 2001. He was named vice chairman in 2006. Davis is also deputy chairman of the board of the Federal Reserve Bank of Atlanta and sits on the board of Honeywell International Inc. He is chairman of the Georgia Council on Economic Education.

Kurt Kuehn, currently senior vice president of global sales and marketing, will replace Davis as CFO.

Alan Gershenhorn, currently president of UPS International, will replace Kuehn.

Dan Brutto, currently president of global freight forwarding, will replace Gershenhorn.

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