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Chang Succeeds Bernabucci at UPS Capital
UPS Inc. said Ronald Chang has been named president of its UPS Capital business, which offers insurance and trade payment services, to succeed Bob Bernabucci, who is retiring after 41 years of service.
Chang previously was vice president of the business. His background includes seven years directing merger and acquisitions in Europe and other areas.
During that tenure, he completed more than 70 transactions to facilitate international growth for UPS, which is No. 1 on Transport Topics Top 100 For-Hire Carriers in the U.S. and Canada.
Kurt Kuehn, UPS chief financial officer, said in a statement that Bernabucci 鈥渂uilt a strong portfolio of products for UPS Capital鈥.
鈥淲e are fully confident in Ronald鈥檚 ability to build upon Bob鈥檚 solid foundation and continue leading UPS Capital鈥檚 growth,鈥 Kuehn added in a statement.
Bernabucci headed UPS Capital since 1999 as the company built financial services offerings including cargo protection and cash flow management.
