Former Chairman and CEO Mike Eskew Tenders Resignation from Board; Recognized for His 16-plus Years of Service
The UPS (NYSE: UPS) Board of Directors today declared a regular quarterly dividend of $0.67 per share on all outstanding Class A and Class B shares.
The dividend is payable Dec. 3, 2014, to shareowners of record on Nov. 17, 2014.
In other business, former Chairman and CEO Mike Eskew tendered his resignation from the Board of Directors, effective Dec. 31, 2014. Eskew joined the Board as a Director in 1998.
“On behalf of all UPSers, I’d like to thank Mike for his over 16 years of service on the Board of Directors,” said Scott Davis, UPS chairman of the board. “It was Mike’s vision that transformed UPS into the enabler of global commerce that it is today.”
Eskew, 65, retired from UPS at the end of 2007 after serving six years as the company’s chairman and chief executive officer. He started his 35-year career with UPS in 1972 as an industrial engineering manager in Indiana. In August 2001, he was named to succeed Jim Kelly as chairman and CEO, and officially started as the company’s ninth leader on January 1, 2002.
