Derek Woodward Named as Successor
ATLANTA, Jan. 8, 2008 - Ken Torok, who for the past five years has guided UPS's Asia Pacific operations, will retire this spring and be replaced by Derek Woodward, a long-time UPS manager who currently works as one of Torok's top deputies. The succession will take effect on April 1.
Woodward, 45, is a Canadian native who joined UPS in 1985 as a part-time package sorter and then driver. Seventeen of his 23 years in the transportation and logistics industry have been spent working outside North America for UPS in a wide variety of marketing, business development and sales positions. He moved to Singapore last year to serve as a senior vice president to Torok, responsible for all staff functions for the Asia Pacific Region. Woodward, who grew up in Halifax, Nova Scotia, is a graduate of the University of Phoenix who studied advanced management at the INSEAD in France. After joining UPS, he was promoted into management in 1986 and then advanced through a series of positions of increasing responsibility in Canada, the United States, Europe and Asia. He oversaw business development activities in both Canada and then Europe before becoming the vice president of international marketing. Woodward and his wife reside in Singapore with their two children.
"In Derek, we have a respected manager and global business veteran who's spent his professional life preparing for this type of leadership role," Brutto continued. "He certainly is well qualified for this important position and we expect Asia to remain our fastest growing international region for years to come."
"Ken Torok has ably directed our Asia Pacific operations during a time of considerable change and extraordinary growth," said Dan Brutto, President, UPS International. "During his tenure, the company enhanced its basic network infrastructure serving the region; dramatically expanded its air links and services within Asia, and established the industry's first wholly owned operation in China and a new operating alliance in India."
UPS is the world's largest package delivery company and a global leader in supply chain and freight 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 www.ups.com. To get UPS news direct, visit pressroom.ups.com/RSS.
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