The Board of Directors of UPS announced that Gary L. Crittenden, who will become the chief financial officer of Citigroup on March 12, has withdrawn his name for election to the UPS Board.
On Feb. 14, the UPS Board announced it had nominated Crittenden to stand for election as a new director at the company’s annual shareowners meeting in May. At that time, Crittenden was the chief financial officer of the American Express Co. He subsequently agreed to become CFO of Citigroup and under Citigroup policy, senior executives may only serve on one outside board.
UPS, which celebrates its 100th anniversary in 2007, is the world’s largest package delivery company and a global leader in supply chain services, offering an extensive range of options for synchronizing the movement of goods, information and funds. Headquartered in Atlanta, Ga., UPS serves more than 200 countries and territories worldwide. UPS’s stock trades on the New York Stock Exchange (UPS) and the company can be found on the Web at UPS.com.