Sign in

Carol B. Tomé

Chief Executive Officer (CEO) at UNITED PARCEL SERVICE
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

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

Interviews

UPS CEO Carol Tomé on Amazon pullback, profit growth, and logistics expansion thumbnail

UPS CEO Carol Tomé on Amazon pullback, profit growth, and logistics expansion

CNBC Television
11:46 min
Jan 30, 2025
UPS’s Carol B Tomé: ‘Culture powered us through’ thumbnail

UPS’s Carol B Tomé: ‘Culture powered us through’

Boston Consulting Group
8:04 min
Sep 12, 2024
UPS unveils new labor costs: CEO Carol Tome talks Teamsters deal thumbnail

UPS unveils new labor costs: CEO Carol Tome talks Teamsters deal

CNBC Television
1:09 min
Sep 12, 2023
UPS CEO Carol Tomé: Our profit will increase with more limited Amazon relationship thumbnail

UPS CEO Carol Tomé: Our profit will increase with more limited Amazon relationship

CNBC Television
4:57 min
Jan 30, 2025
Below the Line Episode 8: Carol Tomé, CEO of UPS thumbnail

Below the Line Episode 8: Carol Tomé, CEO of UPS

UPS CEO Tomé on Growth Opportunities, Cost Cuts, Bridge Collapse thumbnail

UPS CEO Tomé on Growth Opportunities, Cost Cuts, Bridge Collapse

Bloomberg Television
9:39 min
Mar 26, 2024
Corporate Purpose with Carol Tomé thumbnail

Corporate Purpose with Carol Tomé

Andy Stanley
26:47 min
Nov 1, 2023
UPS CEO: We are leaning toward automation in ways we have never had before thumbnail

UPS CEO: We are leaning toward automation in ways we have never had before

CNBC Television
4:19 min
Mar 26, 2024
Tech Talks Business Featuring Carol B. Tomé thumbnail

Tech Talks Business Featuring Carol B. Tomé

Carol B. Tomé, Chief Executive Officer of UPS thumbnail

Carol B. Tomé, Chief Executive Officer of UPS

Developing Leaders with Carol Tomé thumbnail

Developing Leaders with Carol Tomé

Andy Stanley
26:42 min
Nov 3, 2023