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    Carol B. Tomé

    Chief Executive Officer (CEO) at United Parcel Service Inc
    Board
    Since June 1, 2020
    Age
    68 years
    Tenure
    Joined the UPS Board of Directors in 2003 and assumed the role of CEO on 06-01-2020, overseeing daily operations and strategic initiatives.

    Also at United Parcel Service Inc

    BS
    Bala Subramanian
    Chief Digital and Technology Officer
    BMD
    Brian M. Dykes
    Chief Financial Officer (CFO)
    DF
    Darrell Ford
    EVP, Chief Human Resources and DEI Officer

    About

    Carol B. Tomé is a seasoned corporate leader known for her extensive experience in finance, logistics, and strategic business development. Over the years, she has demonstrated a strong capability to drive growth and operational excellence at one of the world's leading package delivery and supply chain companies.

    Her professional journey has been marked by significant milestones and leadership transitions, reflecting her ability to navigate complex global challenges. Beyond her role as CEO, her ongoing commitment to innovative strategies has played a key part in enhancing the company's operational efficiency, ensuring sustainable success in a competitive market.

    In addition to her executive responsibilities, she has held influential roles in other major organizations, bringing valuable insights from her previous experience as a top financial executive. This breadth of experience underlines her pivotal role in shaping the company’s strategic direction and forward-thinking initiatives.

    $UPS Performance Under Carol B. Tomé

    Past Roles

    OrganizationRoleDate RangeDetails
    Cisco Systems, Inc. Board of Directors Until 2020 N/A
    The Home Depot, Inc. Chief Financial Officer (CFO) 2001-2019 N/A
    The Home Depot, Inc. Executive Vice President, Corporate Services 2007-2019 Provided leadership in real estate, financial services, and strategic business development.
    The Home Depot, Inc. Senior Vice President, Finance and Accounting, and Treasurer 2000-2001 N/A
    The Home Depot, Inc. Vice President and Treasurer 1995-2000 N/A

    External Roles

    OrganizationRoleDate Range
    Verizon Communications, Inc. Board of Directors Present

    Fixed Compensation

    Data from  FY 2023
    Component NameAmountPayment ScheduleAdditional Details
    Salary$1,509,713 AnnualBase salary
    401(k) Plan Retirement Contributions$16,500 AnnualStandard 401(k) contribution
    Restoration Savings Plan Contributions$24,627 AnnualRegular restoration savings contribution
    401(k) Plan Match$9,900 AnnualEmployer matching contribution
    Life Insurance Premiums$22,246 AnnualPremium payments for life insurance
    Financial Planning Services$15,000 AnnualServices for financial planning
    Healthcare Benefits$7,398 AnnualHealth insurance and related benefits

    Performance Compensation

    Data from  FY 2023

    LTIP Awards

    Metric (Unit/Scale)Value/DetailsCitation
    Performance MeasuresAdjusted EPS, Adjusted Free Cash Flow, Relative TSR (modifier)
    Target Maximum PayoutUp to 220% of target
    Grant DateMarch 22, 2023
    Grant Date Fair Value$16,844,242; Maximum performance value: $37,057,333
    Grant Date Stock Price$185.54
    Vesting ScheduleVesting at end of 3-year performance period (2023-2025); prorated on death, disability, or retirement
    Evaluation PeriodThree years (2023–2025)
    Additional DetailsDividend equivalent units allocated subject to award conditions

    Option Awards

    Metric (Unit/Scale)Value/DetailsCitation
    Performance ConditionNo specific performance metrics; value based on stock price appreciation above exercise price
    Grant DateMarch 22, 2023
    Grant Date Fair Value$1,358,762
    Grant Date Stock Price / Exercise Price$185.54
    Vesting Schedule20% per year over 5 years; 10-year term

    Management Incentive Plan (MIP) Awards

    Metric (Unit/Scale)Target vs. ActualCitation
    RevenueFirst Half: Target $47,247M vs. Actual $44,988M; Second Half: Target $48,123M vs. Actual $46,044M
    Adjusted Operating ProfitFirst Half: Target $5,918M vs. Actual $5,452M; Second Half: Target $5,473M vs. Actual $4,418M
    Adjusted ROICFirst Half: Target 28.6% vs. Actual 27.4%; Second Half: Target 24.7% vs. Actual 21.9%
    Payout CalculationTotal payout of $1,509,713 representing 50% of a target of $3,019,425; capped at lesser of $10M or 200% of target
    Evaluation PeriodTwo six-month performance periods in 2023
    Additional DetailsNo thresholds; payout determined by performance results