Form 8-K · Current report
United Parcel Service 8-K, filed Aug 31, 2026
- Filed
- CIK
- 0001090727
- Accession no.
- 0001628280-26-059609
Summary
UPS announced that Kate Gutmann, Executive Vice President and President of International, Healthcare and Supply Chain Solutions, will retire for personal family reasons effective September 1, 2026, and remain as a strategic advisor through March 2027, with Wilfredo Ramos succeeding her in the role. The company also appointed Nando Cesarone as Chief Global Operations Officer and Matt Guffey as Chief U.S. Domestic Officer under a new global operating model effective September 1, 2026, and said a search is underway for a new Chief Global Commercial Strategy Officer.
Key points
- Gutmann, who has spent nearly 37 years at UPS, will stay in a transitional role through March 31, 2027.
- Retention agreements give Nando Cesarone RSUs valued at $6.0 million and Bala Subramanian RSUs valued at $3.0 million, vesting 25% on September 1, 2027, 25% on September 1, 2028, and 50% on September 1, 2029.
- Effective September 1, 2026, seven named executives plus a to-be-named Chief Global Commercial Strategy Officer will report directly to CEO Carol Tomé.
- UPS said the new operating model follows completion of its Amazon volume glide-down and network reconfiguration initiatives in June 2026 and aims to standardize operations globally while retaining local flexibility.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 5.02Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
- 7.01Regulation FD Disclosure
- 9.01Financial Statements and Exhibits
From the filing
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On August 31, 2026, United Parcel Service, Inc. (the “Company”) announced that Kate Gutmann, Executive Vice President and President, International, Healthcare and Supply Chain Solutions, will retire from her current positions, effective September 1, 2026. Ms. Gutmann has agreed to remain with the Company in a transitional role through March 31, 2027, at which time she is expected to retire from all positions with the Company. …
An excerpt of the text as filed with the SEC, cut for length.
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