Davis Joins Atlanta Feds Board
Scott Davis, chief financial officer of United Parcel Service (UPS), has been appointed to the Federal Reserve Bank of Atlantas board of directors. His term began March 1, 2004, and ends Dec. 31, 2006.
A member of the UPS management committee, Davis acts as a liaison to the finance, investor, and analyst communities. He is responsible for all activities related to accounting, auditing, finance, financial planning, taxes, and treasury.
Davis joined UPS in 1986 when the company acquired II Morrow, where he served as chief financial officer and chief executive officer. From 1998 to 2000 he was chief executive officer of Overseas Partners Ltd. He then rejoined UPS as vice president of finance.
He serves on the finance committee of the Georgia Council on Economic Education and recently completed a term on the accounting and finance committee of the American Trucking Association.
Davis received a bachelor of science degree in finance from Portland State University. He also completed the Advanced Management Program at the University of Pennsylvanias Wharton School and is a certified public accountant.
The Atlanta Feds board of directors oversees the management of the banks operations and recommends changes in the discount rate. Board members also contribute to the formulation of U.S. monetary policy through the economic information they provide the banks president.