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Carol Tomé

Honoree: Carol Tomé

Carol B. Tomé: A Trailblazer in Corporate Leadership and Financial Mastery

Carol B. Tomé, an influential figure in the world of business, serves as the Chief Executive Officer of United Parcel Service (UPS). Her career spans notable tenures at The Home Depot, where she significantly impacted the company's growth trajectory, and a longstanding involvement with UPS, including board membership since 2003.

Born Carol Louise Buchenroth on January 10, 1957, in Jackson, Wyoming, Tomé's upbringing instilled in her a strong work ethic and a deep appreciation for self-sufficiency. Her father, a community banker, inspired her early interest in finance, a passion that would shape her academic and professional choices. She pursued this interest at the University of Denver, where she completed her business studies with a focus on banking.

Tomé's career began at United Bank of Denver, now part of Wells Fargo, where she honed her skills as a commercial lender. Her journey through the financial sector also included roles at Johns-Manville Corporation as Director of Banking and at Riverwood International Corporation of Atlanta (now Graphic Packaging) as Vice President and Treasurer. At Riverwood, she contributed to the company's global expansion in the paperboard and packaging industry.

In 1995, Tomé joined The Home Depot, initially to oversee the company's expansion into Mexico. Her expertise and leadership quickly led to her promotion to Chief Financial Officer in 2001. Under her stewardship, The Home Depot experienced phenomenal growth, expanding from 400 to 2,200 stores and reaching nearly $100 billion in revenue. Her tenure saw the company's share price soar by over 450%, earning her acclaim for her role in navigating the company through the 2008-09 financial and housing crisis.

After briefly retiring, Tomé returned to the corporate world with her appointment as Chief Executive Officer Elect of UPS in 2020, a company she had been intimately familiar with as a board member since 2003. As CEO, she has continued to steer UPS with her seasoned expertise and strategic vision.

In addition to her executive roles, Tomé's leadership extends to numerous boards and councils. She has served on the board of the Federal Reserve Bank of Atlanta, including a stint as chairman, and has been actively involved with The Committee of 200, the Atlanta Botanical Garden, The Business Council, and the Metro Atlanta Chamber of Commerce. Her contributions also include roles with Grady Memorial Hospital, the International Business Council of the World Economic Forum, and the Verizon Communications board of directors.

Tomé's exceptional career has garnered widespread recognition. She has been featured twice on the Forbes list of The World's 100 Most Powerful Women, ranking as high as #12. The Wall Street Journal listed her as the second-best Chief Financial Officer in 2012, and Fortune magazine recognized her among the top 50 most powerful women in business. In 2021, Forbes included her in their inaugural 50 Over 50 list, highlighting influential figures over the age of 50.

Carol B. Tomé's journey is a testament to her unwavering commitment to excellence, innovative leadership, and her profound influence on the business landscape.

women in leadership Wall Street Journal recognition UPS CEO The Home Depot Riverwood International retail industry package delivery industry leadership roles global business influence Fortune's Most Powerful Women Forbes powerful women financial sector finance expert Federal Reserve Bank corporate strategy corporate growth corporate board membership business expansion business executive Board Member
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