UPS (UPS) promoted David Abney to chief operating officer, replacing John Beystehner, who retired last week after 36 years at the company.

In his role as chief operating officer, Abney will be responsible for international operations, U.S. package operations, global transportation, labor and all freight activities.

Abney, 51 years old, also assumes the role of president of UPS Airlines. He has served as president of UPS International since 2002.

Shares of UPS closed Monday up 23 cents to $74.38.

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