UPS names Brian Newman as chief financial officer as Richard Peretz retires
Aug 14, 2019: Atlanta-based logistics giant UPS has announced that its current chief financial officer, Richard Peretz, has decided to retire from the company.
Effective September 16, Brian Newman, currently executive vice president, Finance and Operations, Latin America for PepsiCo, will succeed Peretz.
Peretz will remain with the company through December 2019 to assist Newman to ensure a smooth transition period.
In his current role, Newman has leadership responsibility for all finance and operations activity across the Latin America region.
Newman will join the UPS Management Committee, the senior-most leadership team responsible for management of the company.
Newman has worked with PepsiCo for over 26 years and has held various roles in Asia, Europe, Russia and the US in various corporate, regional and sector assignments.
He began his career in investment banking prior to joining PepsiCo.
David Abney, chairman and CEO, UPS said: “Brian’s deep finance knowledge and broad cross-functional experience will be a great asset as we continue our Transformation. He will contribute to our drive for improved growth and operating performance, and he will support our strategies focused on the long term success of the company.”
Richard Peretz was appointed UPS CFO in 2015 and served in numerous roles throughout his 38 year career with UPS. Peretz joined UPS in 1981. Peretz was named chief financial officer of International in 2003, and promoted to Corporate Finance vice president in 2007, where he oversaw a broad range of finance staff areas. He was named Corporate Controller in 2013, and expanded his role to include Corporate Treasurer in 2014.