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40 | 2006 Annual Report United States Postal Service
Officers (continued)
Henry A. Pankey
Vice President, Emergency Preparedness
Robert J. Pedersen
Vice President, Treasurer
Susan Plonkey
Vice President, Customer Service
Tom A. Samra
Vice President, Facilities
David L. Solomon
Vice President, Area Operations (New York Metro)
Douglas A. Tulino
Vice President, Labor Relations
Paul Vogel
Senior Vice President and Managing Director, Global Business
Jerry W. Whalen
Vice President, Sales
Terry Wilson
Vice President, Area Operations (Southeast)
Item 11 – Executive Compensation
The Postal Service releases information concerning executive compensa-
tion to the extent required by the Freedom of Information Act (FOIA), 5
United States Code (U.S.C.) 552. Postal Service regulations implementing
the FOIA are located at 39 C.F.R. 265. Information regarding how to
submit a FOIA request can be found on our website www.USPS.com.
Item 12 – Security Ownership of Certain
Beneficial Owners and Management
Related Stockholder Matters
Not applicable to the United States Postal Service. As an “independent
establishment” of the executive branch of the United States government,
we do not issue stock or related securities.
Item 13 – Certain Relationships and
Related Transactions
As discussed in Item 9A, Controls and Procedures, every Postal Service
executive, manager, and employee is required to comply with the
Standards of Ethical Conduct for Employees of the Executive Branch and
by the Supplemental Standards of Ethical Conduct for Employees of the
United States Postal Service.
We enter into significant transactions with other government agencies, as
disclosed throughout these financial statements.
Item 14 – Principal Accountant Fees and
Services
In 2002, the Board of Governors selected Ernst & Young LLP as its inde-
pendent auditor to perform external auditing services. The competitively
awarded five-year contract, with an option of renewal of up to 36 months,
has an estimated value of $11.7 million. This contract covers the financial
statement audits for fiscal years 2003–2007. As with previous contracts
for external audit services, Ernst & Young LLP will not perform consulting
work for us for the duration of its contract.
Financial Section Part III