UPS said it appointed Brian M. Dykes as Executive Vice President and Chief Financial Officer on July 9, 2024, effective immediately.

1. 01

   UPS said it appointed Brian M. Dykes as Executive Vice President and Chief Financial Officer on July 9, 2024, effective immediately.

2. 02

   The company said Dykes, age 46, has been with UPS for more than 25 years and has served as Senior Vice President, Global Finance and Planning since April 2023. It described his prior roles as spanning finance and accounting, corporate treasury, mergers and acquisitions, business intelligence and business development.

3. 03

   UPS said Dykes will receive an annual base salary of $725,000, a Management Incentive Program award with a target of 115% of his base salary, a Long-Term Incentive Performance (LTIP) award with a target of 450% of his base salary, and a stock option grant equal to 50% of his base salary.

4. 04

   The company said Dykes’ previously granted 2024 LTIP target award will be increased by approximately $1.5 million to reflect his new LTIP target value, with the final award value determined by company performance for 2024 through 2026.

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