United Parcel Service Inc. (NYSE: UPS) announced that Kevin M. Warsh resigned from its board of directors following his confirmation as Chairman of the Board of Governors of the Federal Reserve System.

Warsh was confirmed to the Federal Reserve position on May 13, 2026, and his resignation from the UPS board became automatically effective upon confirmation. The company had previously disclosed in a February 6, 2026 filing that Warsh would resign from the board if confirmed to the Federal Reserve role.

UPS stated that Warsh's decision was not due to any disagreement with the company regarding its operations, policies or practices.