UPS Shareowners Elect Board, Reappoint Deloitte & Touche
WILMINGTON, Del. - Shareowners of UPS (NYSE: UPS) today elected a Board of Directors for a one-year term and ratified the appointment of Deloitte & Touche LLP as the company’s independent registered public accountants.
Shareowners also approved the 2009 Omnibus Incentive Compensation Plan, the latest renewal of the Board’s authority to administer bonus plans using stock, options, restricted stock units and other cash awards.
Ten directors stood for election to the Board of Directors and all were overwhelmingly elected. Bill Johnson, the chairman, president and CEO of the H.J. Heinz Co., was elected to replace Ben Verwayaan, the CEO of Paris-based Alcatel-Lucent who earlier had announced he would not run for re-election. Verwayaan had served as a director since March 2005.
The appointment of Deloitte & Touche to serve as the company’s independent auditors for 2009 also was ratified by a wide margin.
UPS is the world’s largest package delivery company and a global leader in supply chain and freight services. With more than a century of experience in transportation and logistics, UPS is a leading global trade expert equipped with a broad portfolio of solutions. Headquartered in Atlanta, Ga., UPS serves more than 200 countries and territories worldwide. The company can be found on the Web at UPS.com. To get UPS news direct, visit pressroom.ups.com/RSS.
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