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Carol Tomé

Carol B. Tomé (born Carol Louise Buchenroth; January 8, 1957) is an American business executive who is the chief executive officer of United Parcel Service (UPS).[3][4] She is formerly of The Home Depot, where she worked from 1995 to 2019, as Vice President and Treasurer and later as Executive Vice President and Chief Financial Officer.[5] She has been a board member for UPS since 2003.[6]

Carol B. Tomé
Born
Carol Louise Buchenroth[1]

(1957-01-08) January 8, 1957 (age 67)[1]
Jackson, Wyoming, U.S.
EducationUniversity of Wyoming (BA)
University of Denver (MBA)
OccupationBusinesswoman
Known forCEO of UPS
SpouseRamon Tomé[2]

Biography

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Carol B. Tomé was born Carol Louise Buchenroth on January 10, 1957 in Jackson, Wyoming.[7] 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.[8]

Tomé worked as a commercial lender at United Bank of Denver (now, Wells Fargo),[9] was director of banking at Johns-Manville Corporation, and was vice president and treasurer of Riverwood International Corporation of Atlanta (now part of Graphic Packaging), a global paperboard, packaging, and packaging machinery firm.[10][11] She joined The Home Depot in 1995 when they sought an experienced executive for an expansion into Mexico.[12] 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%.[5] She has received praise for The Home Depot's performance after its emergence from the 2008-09 financial and housing crisis.[13] After a brief retirement, she was announced Chief Executive Officer Elect of UPS, where she had been a member of the board of directors since 2003.[14] In 2020 she became Chief Executive Officer of UPS.[15][16] In 2023, Tomé's total compensation from UPS was $23.4 million, representing a CEO-to-median worker pay ratio of 436-to-1.[17]

Tomé has been a member of the board of the Federal Reserve Bank of Atlanta and was chairman, a member of The Committee of 200, the Atlanta Botanical Garden board of directors, The Business Council, the Metro Atlanta Chamber of Commerce as chairman of the board, the Grady Memorial Hospital as a board trustee, the International Business Council of the World Economic Forum, and the Verizon Communications board of directors.[9][16]

Recognition

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Tomé has been named thrice to the Forbes list of The World's 100 Most Powerful Women as $19, #16 and #12.[18][19] In 2012, Tomé was listed second on The Wall Street Journal's list of best chief financial officers,[20] and among the top 50 most powerful women in business by Fortune magazine.[16][9]

Tomé was selected for the inaugural 2021 Forbes 50 Over 50; made up of entrepreneurs, leaders, scientists and creators who are over the age of 50.[21]

In 2023 she was ranked 6th on Fortune's list of Most Powerful Women.[22] In the same year, she also featured 19th on Forbes list of the World's 100 Most Powerful Women.[23]

In 2024, Tomé was inducted as a Georgia Trustee, an honor given by the Georgia Historical Society in conjunction with the Governor of Georgia to individuals whose accomplishments and community service reflect the ideals of the founding body of Trustees, which governed the Georgia colony from 1732 to 1752.[24]

References

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  1. ^ a b "Carol B Tomé". littlesis.org. Public Accountability Initiative. Archived from the original on 16 May 2022. Retrieved 29 May 2022.
  2. ^ "I'm Carol Tomé. Who am I?". coles.kennesaw.edu. Kennesaw State University. Archived from the original on 21 September 2024. Retrieved 29 May 2022.
  3. ^ "UPS CEO David Abney to retire, board member Carol Tomé to take post at end of May". USA Today. 2020-03-12. Archived from the original on 2020-03-19. Retrieved 2020-03-18.
  4. ^ "Carol Tomé, Chief Executive Officer Elect, UPS". UPS Pressroom. Archived from the original on 2020-03-19. Retrieved 2020-03-18.
  5. ^ a b The Home Depot. "THE HOME DEPOT ANNOUNCES RETIREMENT PLANS OF CAROL TOMÉ AND NAMES 14-YEAR COMPANY VETERAN, RICHARD MCPHAIL, CHIEF FINANCIAL OFFICER". Archived from the original on 21 September 2024. Retrieved 10 April 2020.
  6. ^ "Carol Tomé on becoming CEO of UPS: 'This was my calling'". SaportaReport. 2021-03-08. Archived from the original on 2021-08-13. Retrieved 2021-08-13.
  7. ^ "Carol Tomé, Chief Executive Officer Elect, UPS". Archived from the original on 19 March 2020. Retrieved 10 April 2020.
  8. ^ Fonseca, Amy. "Atlanta 5×5 Profile: Carol Tomé". Women at the Frontier. Archived from the original on 21 September 2024. Retrieved 10 April 2020.
  9. ^ a b c "Carol B. Tome". cnbc.com. CNBC LLC. Retrieved 27 October 2021.
  10. ^ "Riverwood International Corp". packagingnetwork.com. VertMarkets, Inc. Archived from the original on 6 June 2023. Retrieved 29 May 2022.
  11. ^ "Riverwood and Graphic Packaging merge". Beverage Daily. William Reed Ltd. July 19, 2008. Archived from the original on 26 June 2022. Retrieved 29 May 2022.
  12. ^ Layman, Tonya. "Home Depot's Tomé: It's all about the team". Bizjournals. Archived from the original on 21 September 2024. Retrieved 10 April 2020.
  13. ^ "Home Depot's ex-finance chief to become CEO of UPS". Archived from the original on 10 April 2020. Retrieved 10 April 2020.
  14. ^ "Carol B. Tomé, Chief Executive Officer Elect, UPS". Archived from the original on 21 September 2024. Retrieved 10 April 2020.
  15. ^ "Carol B. Tomé Carol B. Tomé is an influencer Chief Executive Officer at UPS". linkedin.com. LinkedIn. Archived from the original on 13 April 2024. Retrieved 26 October 2021.
  16. ^ a b c "Carol B. Tomé Chief Executive Officer". about.ups.com. United Parcel Service (UPS). Archived from the original on 27 October 2021. Retrieved 26 October 2021.
  17. ^ Anderson, Mae; Harloff, Paul; Ortutay, Barbara (2024-06-03). "CEOs made nearly 200 times what their workers got paid last year". AP News. Archived from the original on 2024-09-03. Retrieved 2024-09-04.
  18. ^ "#16 Carol B. Tome". Forbes. Archived from the original on 21 September 2024. Retrieved 10 April 2020.
  19. ^ "The World's Most Powerful Women 2023". Forbes. Archived from the original on 2018-12-28.
  20. ^ "Check Out Corporate America's Top CFOs". Archived from the original on 10 April 2020. Retrieved 10 April 2020.
  21. ^ Gross, Elana Lyn; Voytko, Lisette; McGrath, Maggie (2021-06-02). "The New Golden Age". Forbes. Archived from the original on 2021-06-07. Retrieved 2021-06-02.
  22. ^ "Most Powerful Women". Fortune. Archived from the original on 2024-09-21.
  23. ^ "World's Most Powerful Women 2023". Forbes. Archived from the original on 2017-09-20. Retrieved 2024-09-21.
  24. ^ "2024 Georgia Trustees: Dr. Louis Sullivan and Carol Tomé". Georgia Trend. January 30, 2024. Archived from the original on April 30, 2024. Retrieved April 30, 2024.
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