Carol Tomé

Carol Tomé is an American business executive. She is the Chief Executive Officer of United Parcel Service (UPS).[1][2] She is formerly of The Home Depot, where she worked from 1995 to 2019, serving as Vice President and Treasurer and later as Executive Vice President and Chief Financial Officer.[3]

Carol Tomé
NationalityAmerican
EducationUniversity of Wyoming (BA)
University of Denver (MBA)
OccupationBusinesswoman
Known forCEO of UPS

Biography

Carol Tome was born in Jackson, Wyoming.[4] Tomé's family emphasized the value of hard work and capability in her upbringing, which Tomé characterizes as "an unbelievable childhood". She learned to hunt, fish, cook, sew, and live off the land. Her father was a community banker. Tomé took an early interest in finance, and envisioned herself following a similar path and working in banking after her graduation from business school at The University of Denver.[5]

Tomé worked as a commercial lender at United Bank of Denver, was director of banking at Johns-Manville Corp, and was vice president and treasurer of Riverwood International Corp of Atlanta. She joined The Home Depot in 1995 when they sought an experienced executive for an expansion into Mexico.[6] She was promoted to CFO in 2001. During her time at the company, The Home Depot grew from 400 stores to 2,200 with revenue of nearly $100 billion. Its share price over her tenure increased more than 450%.[7] She has received praise for The Home Depot's performance after its emergence from the 2008-09 financial and housing crisis.[8] After a brief retirement, she was announced Chief Executive Officer Elect of UPS, where she has been a member of the board of directors since 2003.[9]

Recognition

Tomé has been named twice to the Forbes list of The World's 100 Most Powerful Women.[10] In 2012, Tomé was listed second on The Wall Street Journal's list of best chief financial officers.[11]

References
  1. "UPS CEO David Abney to retire, board member Carol Tomé to take post at end of May". USA Today. 2020-03-12. Retrieved 2020-03-18.
  2. "Carol Tomé, Chief Executive Officer Elect, UPS". UPS Pressroom. Retrieved 2020-03-18.
  3. The Home Depot. "THE HOME DEPOT ANNOUNCES RETIREMENT PLANS OF CAROL TOMÉ AND NAMES 14-YEAR COMPANY VETERAN, RICHARD MCPHAIL, CHIEF FINANCIAL OFFICER". Retrieved 10 April 2020.
  4. "Carol Tomé, Chief Executive Officer Elect, UPS". Retrieved 10 April 2020.
  5. Fonseca, Amy. "Atlanta 5×5 Profile: Carol Tomé". Women at the Frontier. Retrieved 10 April 2020.
  6. Layman, Tonya. "Home Depot's Tomé: It's all about the team". Bizjournals. Retrieved 10 April 2020.
  7. The Home Depot. "THE HOME DEPOT ANNOUNCES RETIREMENT PLANS OF CAROL TOMÉ AND NAMES 14-YEAR COMPANY VETERAN, RICHARD MCPHAIL, CHIEF FINANCIAL OFFICER". Retrieved 10 April 2020.
  8. "Home Depot's ex-finance chief to become CEO of UPS". Retrieved 10 April 2020.
  9. "Carol Tomé, Chief Executive Officer Elect, UPS". Retrieved 10 April 2020.
  10. "#16 Carol B. Tome". Forbes. Retrieved 10 April 2020.
  11. "Check Out Corporate America's Top CFOs". Retrieved 10 April 2020.
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