UPS Names Supply Chain Solutions Chief

Brings in company veteran to head logistics and trade services unit

Atlanta  January 20, 2003  UPS has named Bob Stoffel, a 28-year company veteran, as president of UPS Supply Chain Solutions, which provides integrated logistics, transportation and trade services around the world.

Stoffel, 47, will oversee global operations for the $2 billion unit that includes the recently integrated Logistics Group and Freight Services units. Stoffel will report to Joe Pyne, UPS senior vice president responsible for the company's Supply Chain Solutions, Consulting, Capital and Mail Innovations units.

The supply chain solutions unit encompasses some 20 companies that have been acquired over the last three years, including Fritz Companies, a large freight forwarding and customs brokerage company. The unit includes a global network of more than 750 facilities in 120 countries and offers a portfolio of logistics and distribution, transportation and freight, freight forwarding, international trade management and customs brokerage services.

The UPS Supply Chain Solutions name will be rolled out globally throughout 2003.

"UPS' strategy is to help customers improve their business performance by synchronizing the flow of goods, funds and information," said UPS Chairman and CEO Mike Eskew. "We have been steadily building our capabilities in the logistics and international trade arena for several years and no one has a broader portfolio of supply chain services in the market today. Bob's unit is at the center of our strategy."

"Our mission is to help our customers realize the powerful benefits of improved supply chain operations," Stoffel said, adding, "A streamlined supply chain means that a business can get paid quicker, lower its capital requirements, minimize management headaches, manage change and gain competitive advantage."

During his 28 years of UPS service, Stoffel has served in both operations and industrial engineering posts in five different operating districts and regions. He also has worked in the corporate marketing and research and development functions. Most recently, Stoffel spent the past three years building a global service parts logistics operation while helping lead the integration of the various business units in the Americas that now form UPS Supply Chain Solutions.