July 24, 2012
Read More »
, August 29, 2007
F. Duane Ackerman, the former chairman and CEO of BellSouth, today was named to the Board of Directors of UPS (NYSE:UPS).
Ackerman, 65, will serve on the board until the next UPS annual shareowners' meeting in May 2008, at which time he is expected to stand for election to a regular one-year term. After his appointment today, Ackerman was named to the Compensation Committee during a regularly scheduled Board meeting here.
In other business, the Board declared a regular quarterly dividend of $0.42 per share on all outstanding Class A and Class B shares. The dividend is payable Sept. 17, 2007, to shareholders of record on Sept. 10, 2007. UPS has either increased or maintained its dividend every year for more than three decades.
Ackerman, a native of Plant City, Fla., spent more than 40 years in the telecommunications industry before retiring in March following BellSouth's merger with AT&T. Ackerman began his career in 1964 and in 1992, was named president and chief executive officer of BellSouth Telecommunications, BellSouth's local telephone service unit and largest subsidiary. He was promoted to vice chairman and chief operating officer of the parent company on Jan. 1, 1995, then was elevated to the position of president and CEO of BellSouth on Jan. 1, 1997. A year later, he also became chairman.
Ackerman is a member of the Board of Directors of The Allstate Corp. and also serves on the President's Council of Advisors on Science and Technology. He is a trustee of Rollins College and has served on the Board of Governors of the Society of Sloan Fellows of the Massachusetts Institute of Technology.
| |||||
