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

Bala Subramanian

Chief Digital and Technology Officer

BMD

Brian M. Dykes

Chief Financial Officer (CFO)

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

Organization	Role	Date Range	Details
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

Organization	Role	Date Range
Verizon Communications, Inc.	Board of Directors	Present

Fixed Compensation

Data from FY 2023

Component Name	Amount	Payment Schedule	Additional Details
Salary	$1,509,713	Annual	Base salary
401(k) Plan Retirement Contributions	$16,500	Annual	Standard 401(k) contribution
Restoration Savings Plan Contributions	$24,627	Annual	Regular restoration savings contribution
401(k) Plan Match	$9,900	Annual	Employer matching contribution
Life Insurance Premiums	$22,246	Annual	Premium payments for life insurance
Financial Planning Services	$15,000	Annual	Services for financial planning
Healthcare Benefits	$7,398	Annual	Health insurance and related benefits

Performance Compensation

Data from FY 2023

LTIP Awards

Metric (Unit/Scale)	Value/Details	Citation
Performance Measures	Adjusted EPS, Adjusted Free Cash Flow, Relative TSR (modifier)
Target Maximum Payout	Up to 220% of target
Grant Date	March 22, 2023
Grant Date Fair Value	$16,844,242; Maximum performance value: $37,057,333
Grant Date Stock Price	$185.54
Vesting Schedule	Vesting at end of 3-year performance period (2023-2025); prorated on death, disability, or retirement
Evaluation Period	Three years (2023–2025)
Additional Details	Dividend equivalent units allocated subject to award conditions

Option Awards

Metric (Unit/Scale)	Value/Details	Citation
Performance Condition	No specific performance metrics; value based on stock price appreciation above exercise price
Grant Date	March 22, 2023
Grant Date Fair Value	$1,358,762
Grant Date Stock Price / Exercise Price	$185.54
Vesting Schedule	20% per year over 5 years; 10-year term

Management Incentive Plan (MIP) Awards

Metric (Unit/Scale)	Target vs. Actual	Citation
Revenue	First Half: Target $47,247M vs. Actual $44,988M; Second Half: Target $48,123M vs. Actual $46,044M
Adjusted Operating Profit	First Half: Target $5,918M vs. Actual $5,452M; Second Half: Target $5,473M vs. Actual $4,418M
Adjusted ROIC	First Half: Target 28.6% vs. Actual 27.4%; Second Half: Target 24.7% vs. Actual 21.9%
Payout Calculation	Total payout of $1,509,713 representing 50% of a target of $3,019,425; capped at lesser of $10M or 200% of target
Evaluation Period	Two six-month performance periods in 2023
Additional Details	No thresholds; payout determined by performance results