Yahoo Finance UPS Elevates Brian Dykes to the Chief Financial Officer Position
United Parcel Service UPS has appointed Brian Dykes as its new executive vice president and chief financial officer. He will assume his new responsibilities with immediate effect. As CFO, he will oversee UPS' financial strategies and lead the global finance organization, managing planning, treasury, tax, financial reporting, financial operations and investor relations.
The 46-year-old Dykes has been associated with UPS for a quarter of a century. Since April 2023, he has been serving as the senior vice president of global finance and planning. Previously, he held many senior roles within the company's finance and accounting, corporate treasury, mergers and acquisitions, business intelligence and business development functions, both in the United States and internationally.
Expressing delight at the new appointment, Carol B. Tomé, UPS’ chief executive officer, stated, “Brian’s experience makes him uniquely qualified. The Board and I are confident that Brian’s financial and business acumen, honed in a variety of strategic leadership roles at UPS during his career, make him the best person to lead our global finance function as we execute on our Better and Bolder strategy to drive shareowner value.”
Dykes' appointment is expected to boost investors’ confidence, leveraging his extensive experience and deep understanding of the company’s financials. His expertise can lead to improved financial strategies and better risk management, thereby enhancing the company’s financial stability and making it appealing to investors.
Price Performance
United Parcel Service’s shares have declined 1.9% month to date compared with its industry’s fall of 2.3%.
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Zacks Rank
UPS currently carries a Zacks Rank #4 (Sell).
Stocks to Consider
Some better-ranked stocks for investors’ consideration in the Zacks Transportation sector include SkyWest SKYW and Kirby Corporation KEX.
SkyWest currently carries a Zacks Rank #2 (Buy) and has an expected earnings growth rate of 787% for the current year.
SKYW has an impressive earnings surprise history. Its earnings outpaced the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average surprise of 128%. Shares of SkyWest have jumped 101% in the past year.
KEX sports a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here. Kirby has an expected earnings growth rate of 42.5% for the current year.
The company has an encouraging track record with respect to the earnings surprise, having surpassed the Zacks Consensus Estimate in each of the trailing four quarters. The average beat is 10.3%. Shares of Kirby have climbed 57.2% in the past year.
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United Parcel Service, Inc. (UPS) : Free Stock Analysis Report
SkyWest, Inc. (SKYW) : Free Stock Analysis Report
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