UPS Capital appoints a new leader
Bob Bernabucci, who joined UPS in 1973, took the helm as president of UPS Capital in 1999, marking the beginning of a significant era for the risk management and financial services arm of the global package delivery giant. Under Bernabucci's leadership, UPS Capital's customers benefited from enhanced protection for their goods, improved cash flow, and secure payment solutions.
However, after 41 years of service, Bernabucci has stepped down from his position, paving the way for Ronald Chang to take the reins. Chang, who previously served as the vice-president at UPS Capital, has been instrumental in establishing an Emea finance office for the company and completing over 70 deals around the world.
Prior to his appointment as president, Chang led the company's corporate development activities and served as the senior director of mergers and acquisitions, treasury for Emea at UPS Capital from 1999 to 2006. It was during this time that Chang played a crucial role in forging financial services and insurance offerings into one business unit at UPS Capital.
Kurt Kuehn, UPS chief financial officer, expressed confidence in Chang's ability to continue leading UPS Capital's growth. Kuehn praised Chang's extensive experience and his significant contributions to the company, stating that he is well-equipped to guide UPS Capital into its next phase of development.
UPS Capital's portfolio of products continues to offer innovative and competitive solutions for customers. These include cargo and parcel insurance, trade finance, and payment services. Under Chang's leadership, UPS Capital will continue to build a strong portfolio of products, ensuring that the company remains at the forefront of the risk management and financial services industry.
At this time, there is no information available about Ronald Chang's role at UPS Capital following Bob Bernabucci’s departure. For authoritative information, it would be best to consult UPS Capital’s official website or recent press releases.
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Under Ronald Chang's leadership, UPS Capital will leverage critical minerals for trade finance, ensuring the company's continued growth in the industry. Given Chang's extensive experience and significant contributions, it is expected that he will utilize trade finance to innovate UPS Capital's payment services business.
