UPS Announces Executive Leadership Reorganization and $9M in Retention Grants

Executive Leadership Changes and Operating Model Transition

United Parcel Service, Inc. (NYSE: UPS) reported significant executive leadership and operational structure changes in its Current Report on Form 8-K filed on August 31, 2026.

Key Executive Departures and Appointments

• Kate Gutmann Retirement: Retiring as Executive Vice President and President, International, Healthcare and Supply Chain Solutions effective September 1, 2026, after nearly 37 years with UPS. She will serve in a transitional advisory capacity through March 31, 2027.
• Wilfredo Ramos Appointment: Appointed EVP and Chief International, Healthcare and Supply Chain Solutions Officer, succeeding Ms. Gutmann. Ramos is a 20-year UPS veteran who most recently led the Asia Pacific and Global Brokerage divisions.
• Nando Cesarone Role Expansion: Promoted from EVP and President U.S. to EVP and Chief Global Operations Officer, overseeing global air, surface transport, engineering, and automation.
• Matt Guffey Appointment: Named EVP and Chief U.S. Domestic Officer, taking responsibility for U.S. Small Package, Roadie, Happy Returns, and The UPS Store network.
• New Executive Search: The company established a new role for EVP and Chief Global Commercial Strategy Officer.

Retention Agreements and Equity Awards

Effective September 1, 2026, UPS entered into retention agreements with two senior officers:

• Nando Cesarone: Granted $6,000,000 in Restricted Stock Units (RSUs).
• Bala Subramanian: Granted $3,000,000 in RSUs.

Vesting Terms:

• 25% on September 1, 2027
• 25% on September 1, 2028
• 50% on September 1, 2029
• Continued employment required; acceleration applies upon death, and continued vesting applies upon disability.