Carol Tomé
Carol Tomé | |
|---|---|
| Nationality | American |
| Education | University of Wyoming (BA) University of Denver (MBA) |
| Occupation | Businesswoman |
| Known for | CEO of UPS |
Carol Tomé is an American business executive. She is the Chief Executive Officer of United Parcel Service (UPS).[1][2]
She is the former CFO of Atlanta, Georgia based company The Home Depot. She announced her retirement from the position in April, 2019 after 24 years with the company. [3]
Early life
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]
Career
Tomé started her career as a commercial lender with United Bank of Denver, now Wells Fargo, and then spent several years as director of banking for the Johns-Manville Corp. She later moved to Atlanta, where she worked as vice president and treasurer of Riverwood International Corp. She eventually joined The Home Depot, a company she and her husband were shareholders of, as 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]
Legacy
Tomé has been named twice to Forbes' list of The 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
- ^ "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.
- ^ "Carol Tomé, Chief Executive Officer Elect, UPS". UPS Pressroom. Retrieved 2020-03-18.
- ^ 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.
- ^ "Carol Tomé, Chief Executive Officer Elect, UPS". Retrieved 10 April 2020.
- ^ Fonseca, Amy. "Atlanta 5×5 Profile: Carol Tomé". Women at the Frontier. Retrieved 10 April 2020.
- ^ Layman, Tonya. "Home Depot's Tomé: It's all about the team". Bizjournals. Retrieved 10 April 2020.
- ^ 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.
- ^ "Home Depot's ex-finance chief to become CEO of UPS". Retrieved 10 April 2020.
- ^ "Carol Tomé, Chief Executive Officer Elect, UPS". Retrieved 10 April 2020.
- ^ "#16 Carol B. Tome". Forbes. Retrieved 10 April 2020.
- ^ "Check Out Corporate America's Top CFOs". Retrieved 10 April 2020.