UPS appoints new board member John Morikis

ATLANTA - United Parcel Service Inc. (NYSE: UPS) announced today that John Morikis has joined its Board of Directors with immediate effect. Morikis brings a wealth of experience from his tenure at the Sherwin-Williams Company, where he held various leadership roles before retiring as Chairman, President, and CEO. The appointment comes as UPS, currently valued at $82.6 billion, maintains its position as a prominent dividend payer with a notable 6.7% yield, according to InvestingPro data.

Morikis is recognized for his leadership of the multinational paint and coatings manufacturer and for his strategic role in the company’s transformation. His career at Sherwin-Williams spanned over four decades, starting as a management trainee and culminating in his leadership as CEO, where he was noted for prioritizing innovation and customer-centric solutions. This experience aligns with UPS’s current focus on operational efficiency, as the company maintains a moderate debt level and strong profitability metrics.

William Johnson, Chairman of the UPS Board of Directors, remarked on Morikis’s appointment, highlighting his extensive experience in managing a complex global organization and his valuable insights gained from serving on multiple public company boards. Morikis currently serves on the boards of General Mills, Inc., and Whirlpool Corporation.

UPS CEO Carol Tomé expressed enthusiasm for the depth of expertise Morikis will bring to the board, particularly in global operations, supply chain optimization, and business transformation.

Morikis’s role on the UPS board will include serving on the Audit Committee. This move is expected to strengthen the company’s governance as it continues to execute its strategy centered on customer service, innovation, and a people-led approach.

UPS, a global logistics giant with revenues surpassing $91 billion in 2024, operates in over 200 countries and territories. The company is committed to driving progress by delivering essential services and has emphasized its dedication to environmental sustainability and community support. InvestingPro analysis indicates the stock is currently trading below its Fair Value, with 19 analysts recently revising their earnings expectations. For deeper insights into UPS’s valuation and future prospects, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro.

This announcement is based on a press release statement from UPS.

In other recent news, United Parcel Service (UPS) reported an adjusted earnings per share (EPS) of $1.49, surpassing Wall Street’s consensus estimate of $1.38, though falling short of Stifel’s forecast of $1.54. Stifel analysts subsequently adjusted their price target for UPS shares to $124, maintaining a Buy rating, citing challenges from a tough economic environment and protectionist trade policies. Conversely, HSBC analysts downgraded UPS from Buy to Hold, reducing the price target to $105 due to anticipated declines in volumes, pricing, and margins. This downgrade reflects HSBC’s revised earnings projections, which are notably below Bloomberg consensus estimates.

Additionally, UPS shareholders elected twelve directors and approved executive compensation at the company’s recent Annual Meeting. They also ratified Deloitte & Touche LLP as the independent accounting firm for the fiscal year ending December 31, 2025. Meanwhile, Bernstein reiterated its Outperform rating for UPS, with a price target of $133, following insights from a strategic conference where UPS’s CEO discussed future plans, including cost reduction and volume rationalization with Amazon. In line with its financial strategy, UPS announced a quarterly dividend of $1.64 per share, highlighting its commitment to shareholder returns. These developments indicate ongoing strategic adjustments and investor confidence in the company’s direction.

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