Originally Posted by whalesurfer

Years later we’re still recovering from the Davis Doctrine of mis-management. Let’s hope this new era of hiring top management ‘outsiders’ won’t turn into a Davis2.0 nightmare.

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PepsiCo Executive to Become UPS Finance Chief

United Parcel Service named company outsider Brian Newman as finance chief, a move that comes as the shipping giant looks to benefit from the fallout between delivery competitor FedEx and Amazon.

UPS's stock is down 3.84% since the start of the month.

"I am very pleased to welcome Brian to UPS's senior management. He will contribute to our drive for improved growth and operating performance, and he will support our strategies focused on the long term success of the company," said David Abney, chairman and chief executive of UPS.

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https://www.morningstar.com/news/dow...-finance-chief