September 9, 1999 |
John W. Alden, the No. 2 executive at closely held United Parcel Service of America Inc., plans to retire early next year, shortly after the company's planned $3-billion initial public offering. Alden, 57, is vice chairman, in charge of strategic planning, sales, marketing, logistics and customer service. He joined Atlanta-based UPS in 1965. UPS won't immediately replace Alden, though it promoted Michael L. Eskew, senior vice president of engineering, to executive vice president.