Carol Tomé


Carol Tomé is an American business executive. She is the Chief Executive Officer of United Parcel Service.
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.

Early life

Carol Tome was born in Jackson, Wyoming. Carol's family emphasized the value of hard work and capability in her upbringing, which Carol characterizes as "an unbelievable childhood". She learned to hunt, fish, cook, sew, and live off the land. Her father was a community banker. Carol 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.

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. 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%. She has received praise for The Home Depot's performance after its emergence from the 2008-09 financial and housing crisis. 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.

Legacy

Carol has been named twice to Forbes' list of The 100 Most Powerful Women. In 2012, Carol was listed second on The Wall Street Journal's list of best chief financial officers.