UPS appoints Richard Peretz CFO as Kuehn announces retirement

UPS has announced Richard Peretz, 53, has been named Chief Financial Officer, replacing Kurt Kuehn, 60, who has elected to retire after 38 years with the company. Kuehn will continue his existing duties while ensuring a smooth transition of responsibilities to Peretz. The appointment of Peretz is effective July 1, 2015.

Peretz is currently UPS’s Corporate Controller and Treasurer. He has served in several operational and corporate leadership positions within the Finance staff since joining the company in 1981. He will join UPS’s Management Committee, a group of senior executives responsible for day-to-day management of the company.

“Richard brings to the CFO position deep functional experience in corporate and international leadership assignments,” said David Abney, UPS’s Chief Executive Officer. “I am confident that he will bring a unique perspective to his new role while at the same time providing the stability in transition needed to continue our progress on long-term strategies.”

Kurt Kuehn has been UPS CFO for eight years. He was UPS’s first Investor Relations Vice-President, leading the company’s initial public offering in 1999. “Kurt has provided insightful judgement and strong leadership, based on his extensive career experience and broad business perspective,” said Abney. “He has helped UPS to take advantage of industry trends and prepare for the future. I thank Kurt for his unwavering commitment to UPS and appreciate his contributions to many of the company’s accomplishments.”