BIO:
- Name: Carol B. Tomé
- Title/Position: Chief Executive Officer, United Parcel Service (UPS); former Executive Vice President & Chief Financial Officer, The Home Depot
- Industry: Logistics & Supply Chain; Retail Finance
- Location: Atlanta, Georgia, United States
- Age: 69 - (8th of January 1957)
- Net Worth: Estimated between $60 million and $80 million as of 2023–2025
As seen on Carol B. Tomé’s LinkedIn
Carol B. Tomé’s Story
Carol Tomé’s journey is a testament to ambition, perseverance, and bold leadership. Coming from Jackson, Wyoming, she learned resilience and self‑reliance early by hunting, sewing, and living off the land under the guidance of her banker father. She began her career as a commercial lender at United Bank of Denver, eventually rising through leadership posts at Johns‑Manville and Riverwood International.
In 1995, Carol joined The Home Depot as VP & Treasurer and climbed to CFO by 2001. Under her financial leadership, the company expanded from 400 to over 2,200 stores, while revenue approached $100 billion, and share price soared nearly 450%.
Retiring in 2019, she soon felt the pull of purpose and in 2020, she returned as UPS’s first female and first external CEO, courageously stepping back into the boardroom just as the pandemic hit. With humour and grit, she called herself “seriously bored” in retirement, before seizing what she deemed “a calling”.
Taking the helm during the COVID‑19 crisis, she led UPS with unwavering focus prioritizing operations, preparing for vaccine distribution, and avoiding a historic strike. Her “Better, not Bigger” philosophy reshaped UPS’s culture, strengthened its infrastructure, and diversified revenue, especially in healthcare logistics and digital services.
With her at the wheel, UPS secured major partnerships (e.g., with USPS), made strategic acquisitions like Happy Returns, and launched health logistics expansions, aiming to hit $20 billion in that sector within two years.
Career Highlights
Key Milestones
- 1957: Born in Jackson, Wyoming
- 1995: Joined The Home Depot as VP & Treasurer
- 2001: Promoted to Executive Vice President & CFO at Home Depot
- 2019: Retired from Home Depot after a 24‑year tenure
- 2003: Joined UPS Board of Directors
- 2020: Became UPS CEO—first woman and outsider to do so
- 2023–2024: Led expansions into healthcare logistics and acquisitions, including Happy Returns; secured USPS air cargo contract; projected healthcare revenue growth to $20 billion
Achievements
- Oversaw explosive growth at Home Depot—revenue near $100B; share price up~450%
- First female CEO in UPS and in major logistics industry
- Named Forbes World’s 100 Most Powerful Women multiple times; ranked #6 in Fortune’s Most Powerful Women 2023; inducted as Georgia Trustee in 2024
- Avoided major UPS strike, navigated pandemic challenges with deep operational agility
- Recognized as #1 in Supply Chain Digital’s Top 100 Supply Chain Leaders 2025
Carol B. Tomé Net Worth
Carol Tomé accumulated her wealth through a powerful blend of executive compensation, equity stakes, and career-defining leadership.
- Base salary & bonuses: As UPS CEO, she earned a base of about $1.25 million annually, and 2023 total compensation of $23.4 million.
- Stock options and equity: A major portion of her earnings comes from UPS stock and restricted performance units.
- Estimated net worth: Multiple sources place her net worth in the range of $60–80 million as of 2023–2025.
These reflect the value of her long-standing contributions to the companies she served, and her savvy leadership across industries.
Carol B. Tomé in the News
- UPS bets big on healthcare logistics: In 2024, under her leadership, UPS acquired firms to expand its healthcare logistics, targeting $20 billion in revenue within two years.
- Strike averted at UPS: In mid‑2023, she brokered a deal with the Teamsters to avert one of the largest potential strikes in UPS history.
- Most powerful in supply chain (2025): She earned the #1 spot in Supply Chain Digital’s Top 100 Leaders list for 2025.
Quotes by Carol B. Tomé
“Serve to create is about investing in people so they can reach their highest potential – whatever that is.”
“CEOs are no longer CEOs of companies, we are CEOs of communities.”
“I lead to inspire our people. They are why I get out of bed in the morning.”
FAQs: Most Asked Questions About Carol B. Tomé
Who is Carol Tomé’s husband?
She is married to Ramon Tomé. Since 1995, the couple has supported the University of Wyoming through donations, including a $1 million gift for a student recruiting center named in their honor.
What has Carol Tomé done for UPS?
She transformed UPS by bringing in a customer-first, people-led, innovation-driven strategy. She steered the company through COVID, enhanced operations, diversified revenue with healthcare logistics, acquired strategic companies, and secured major contracts like USPS air cargo.
When did Carol Tomé leave Home Depot?
She retired from Home Depot in 2019, after serving 24 years and rising to the position of CFO.
How long is Carol Tomé’s contract with UPS?
Her formal offer letter began her role on June 1, 2020, with standard at-will employment, base salary of $1.25 million, plus incentives. A protective covenant agreement adds non-competition terms, particularly in her first two years, and defines separation pay terms if terminated without cause.
Resources
- Wikipedia – Carol B. Tomé biography, personal life, compensation (Wikipedia)
- Forbes – profile, CEO appointment, early strategy (Forbes)
- Fortune – healthcare logistics strategy, acquisitions (Fortune)
- Supply Chain Digital – leadership ranking, career origin (Supply Chain Digital)
- Fast Company – union negotiation, pandemic leadership (Fast Company)
- UPS leadership page – strategy and operational vision (About UPS-US)
- Justia contracts – Offer Letter & Protective Covenant Agreement (contracts.justia.com)
- Salary Ideas & List of CEO – compensation and net worth estimates (salaryideas.com)
- Money Snoop – net worth 2025 estimate (MoneySnoop)
