The UPS (NYSE:UPS) Board of Directors today named as a company director
Kevin M. Warsh, a former central banker, presidential advisor and noted
economic and financial market expert. The appointment is effective
immediately and expands the UPS Board to 13 members.
Kevin M. Warsh (Photo: Business Wire)
Warsh, 42, was a member of the Board of Governors of the Federal
Reserve. Previously, he served four years at the White House as
President George W. Bush’s special assistant for economic policy and as
executive secretary of the National Economic Council. Warsh currently
serves as a distinguished visiting fellow at Stanford University’s
Hoover Institution and a lecturer at its Graduate School of Business.
A native of upstate New York, Warsh earned his A.B. in public policy
from Stanford and J.D. from Harvard Law School. After graduation in
1995, he joined Morgan Stanley & Co. in New York, becoming vice
president and executive director of the company’s Mergers and
Acquisitions Department.
He joined the White House in February 2002, where his primary areas of
responsibility included domestic finance, capital markets and
macroeconomics.
In February 2006, Warsh was confirmed by the U.S. Senate to join the
Federal Reserve’s seven-member governing board, becoming the youngest
appointee in Fed history at age 35. He focused on financial and economic
developments and the conduct of monetary policy. Warsh played a
significant role in navigating the financial market turmoil amid the
global financial crisis. He also served as the Fed’s representative to
the Group of Twenty (G-20), consisting of the world’s largest 20
economies, and as the Fed’s emissary to the emerging and advanced
economies in Asia until his departure in April 2011.
Warsh will stand for election to a regular one-year term at UPS’s annual
shareowners’ meeting in May 2013. He will serve on the Audit Committee
of the Board.
UPS (NYSE:UPS) is a global leader in logistics, offering a broad range
of solutions including the transportation of packages and freight; the
facilitation of international trade, and the deployment of advanced
technology to more efficiently manage the world of business.
Headquartered in Atlanta, UPS serves more than 220 countries and
territories worldwide. The company can be found on the Web at UPS.com
and its corporate blog can be found at blog.ups.com.
To get UPS news direct, visit pressroom.ups.com/RSS.
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