Carol B. Tomé, the Chief Executive Officer (CEO) of United Parcel Service (UPS), is one of the most influential leaders in the logistics industry. Since taking the helm in 2020, she has guided UPS through significant challenges and positioned the company for long-term growth.
In this post, we’ll explore Carol B. Tomé’s net worth, salary, and compensation package, along with her career achievements and leadership philosophy. If you’re curious about how much the UPS CEO earns and her impact on the company, this article provides all the details.
Who Is Carol B. Tomé?
Carol B. Tomé is an accomplished business leader with decades of experience in finance and corporate leadership. Born on January 8, 1957, in Jackson, Wyoming, she grew up in a family that emphasized hard work, resilience, and self-sufficiency.
Her educational background includes:
- Bachelor of Arts (BA) from the University of Wyoming.
- Master of Business Administration (MBA) from the University of Denver.
Before joining UPS, Tomé built a stellar career, including a 24-year tenure at The Home Depot, where she played a pivotal role in transforming the company into a retail powerhouse.
Carol B. Tomé’s Career Highlights
Early Career
- Began her career as a commercial lender at United Bank of Denver (now part of Wells Fargo).
- Held leadership roles at Johns-Manville Corporation and Riverwood International Corporation.
The Home Depot (1995–2019)
- Joined as Vice President and Treasurer in 1995.
- Promoted to Executive Vice President and Chief Financial Officer (CFO) in 2001.
- Oversaw a 450% increase in the company’s share price during her tenure.
- Helped grow The Home Depot from 400 stores to 2,200 stores, with revenues reaching nearly $100 billion.
UPS (2020–Present)
- Became the CEO of UPS in June 2020, after serving on the company’s board since 2003.
- Successfully navigated UPS through the COVID-19 pandemic, ensuring operational stability and growth.
- Focused on optimizing operations, increasing profitability, and driving sustainability initiatives.
Carol B. Tomé’s Net Worth
As of 2025, Carol B. Tomé’s net worth is estimated at $50 million. Her wealth comes from:
- Her annual salary and bonuses as UPS CEO.
- Stock options and equity awards.
- Investments and other income sources.
Tomé also holds approximately $24 million worth of UPS stock, reflecting her significant personal stake in the company’s success.
Carol B. Tomé’s Salary and Compensation Package
Carol B. Tomé’s compensation as UPS CEO is among the highest in the logistics industry. Her total earnings for 2023 were $23.4 million, a 23% increase from her 2022 compensation of $19 million.
Here’s a breakdown of her 2023 compensation:
| Category | Amount (2023) | Percentage of Total |
| Base Salary | $1.5 million | 6% |
| Performance-Based Bonuses | $22 million | 94% |
| Total Compensation | $23.4 million | 100% |
This performance-driven pay structure aligns with UPS’ focus on rewarding results.
How Does Carol B. Tomé’s Salary Compare to Industry Peers?
Carol B. Tomé’s compensation is significantly higher than the median CEO pay in the logistics industry.
Industry Comparison
- Median CEO Compensation (Logistics Industry): $7.5 million.
- Carol B. Tomé (UPS): $23.4 million.
Additionally, her salary accounts for only 6% of her total earnings, compared to the industry median of 19% salary and 81% bonuses. This highlights the strong performance-based structure of her pay package.
Comparison with Competitors
- FedEx CEO: Approximately $15 million annually.
- DHL CEO: Estimated $12 million annually.
Carol B. Tomé’s earnings reflect her exceptional leadership and the scale of UPS’ global operations.
Achievements Under Carol B. Tomé’s Leadership
Since becoming CEO, Carol B. Tomé has made significant contributions to UPS, including:
1. Operational Excellence
- Streamlined UPS’ operations to improve efficiency and profitability.
- Focused on delivering value to customers and shareholders alike.
2. Navigating the Pandemic
- Ensured UPS’ stability during the COVID-19 pandemic, a critical period for the logistics industry.
- Played a key role in supporting vaccine distribution globally.
3. Sustainability Initiatives
- Committed to reducing UPS’ carbon footprint and investing in eco-friendly technologies.
- Launched programs to achieve carbon neutrality in the coming years.
4. Recognition and Awards
- Named to Forbes’ List of The World’s 100 Most Powerful Women multiple times.
- Ranked 6th on Fortune’s Most Powerful Women list in 2023.
- Inducted as a Georgia Trustee in 2024 for her contributions to business and community service.
Key Information About Carol B. Tomé
| Category | Details |
| Name | Carol B. Tomé |
| Date of Birth | January 8, 1957 |
| Birthplace | Jackson, Wyoming, U.S. |
| Education | BA (University of Wyoming), MBA (University of Denver) |
| Current Role | CEO of UPS |
| Total Compensation (2023) | $23.4 million |
| Net Worth | $50 million |
| UPS Stock Ownership | $24 million |
| Notable Achievements | Forbes 100 Most Powerful Women, Georgia Trustee Induction |
Challenges Faced by Carol B. Tomé
Despite her achievements, Carol B. Tomé has faced some challenges as UPS CEO:
1. Declining Revenue
- UPS’ revenue declined by 9.2% in the past year, raising concerns among shareholders.
2. Shareholder Returns
- Over the past three years, UPS shareholders have experienced a 20% loss, despite positive earnings growth.
3. CEO Compensation Concerns
- Some shareholders question the justification for increased CEO pay amidst declining revenue and negative returns.
Upcoming AGM (May 2, 2024)
The Annual General Meeting (AGM) will be an opportunity for shareholders to:
- Discuss executive compensation.
- Address concerns about company performance and shareholder returns.
- Influence management decisions through voting on resolutions.
Carol B. Tomé’s Leadership Philosophy
Carol B. Tomé attributes her success to her upbringing, which taught her the value of hard work and resilience. She describes her childhood as “unbelievable,” learning skills like hunting, fishing, and living off the land.
Her leadership style emphasizes:
- Pragmatism: Making data-driven decisions to achieve results.
- Empowerment: Encouraging employees to take ownership of their roles.
- Sustainability: Prioritizing environmental and social responsibility.
Frequently Asked Questions (FAQs)
1. What is Carol B. Tomé’s net worth?
Carol B. Tomé’s net worth is estimated at $50 million, with a significant portion coming from her UPS stock holdings.
2. How much does the UPS CEO earn annually?
In 2023, Carol B. Tomé earned $23.4 million, including a base salary of $1.5 million and performance-based bonuses.
3. What are Carol B. Tomé’s major achievements as UPS CEO?
Her achievements include navigating UPS through the COVID-19 pandemic, driving operational efficiency, and launching sustainability initiatives.
4. How does Carol B. Tomé’s salary compare to other CEOs?
Her compensation is significantly higher than the logistics industry median, reflecting UPS’ scale and her leadership impact.
Conclusion
Carol B. Tomé’s tenure as UPS CEO showcases her exceptional leadership and ability to navigate complex challenges. Her $23.4 million compensation package reflects her contributions to the company’s success, though it has also sparked discussions about executive pay.
To learn about similar industry leaders, visit our related post on the FedEx CEO Salary.