Carol Tome Net Worth
Carol Tome’s appointment as CEO of UPS last month left investors in no doubt about her ability to understand their priorities for its future growth. Her focus is on following a strategic playbook designed to bring maximum shareholder value.
Carol Tome grew up in Jackson, Wyoming where her family stressed the value of hard work and capability. Hunting, fishing, cooking and learning to live off the land were part of Carol’s daily experience – which helped form her views on life and career and eventually led her to enroll at University of Denver’s business school with an interest in finance as an emphasis.
Tome began her career at United Bank of Denver (now Wells Fargo). Later she worked as the Director of Banking at Johns-Manville Corporation before taking the helm at The Home Depot as Chief Financial Officer from 1995 – 2009. Over her 26-year tenure she oversaw all financial operations for the company and received multiple recognitions, such as receiving the Lettie Pate Whitehead Evans award from BDN Network as well as being named to The Wall Street Journal list of best chief financial officers.
Tome’s move was unexpected but she knew it would present exciting new challenges and help groom Craig Menear as her successor at UPS.
Tome earns an annual base salary of $1,250,000 as CEO of UPS and also receives Management Incentive Program target awards of 165% of her base salary; long-term incentive program target awards of 735% of her base salary; and stock option grants equaling 90% of her base salary.
Personality-wise, she resides in Atlanta with her husband Ramon who works as a chemist for a local company and they share one daughter together. Additionally, she remains actively engaged with her community by serving on Grady Memorial Hospital Corporation board of trustees as well as Atlanta Botanical Garden board membership, Buckhead Coalition trusteeships and The Committee of 200 membership.
She loves spending her free time hunting and outdoors. Additionally, she’s an avid runner, competing both road and trail races. Additionally, she can often be found enjoying reading a good book while sipping wine or cooking up something delicious!