New UPS CEO is former Home Depot CFO
Carol Tomé, former chief financial officer and executive vice president of The Home Depot, is trading her former orange apron for "browns" - the term for uniforms worn by UPS drivers.
The UPS Board of Directors has named Tomé as the company’s new CEO, effective June. 1.
David Abney, the current chairman and CEO, will remain in his role until June 1 when he will become executive chairman of the board. He will retire from the UPS Board on Sept. 30.
To ensure a smooth transition and successful peak season at UPS - the busiest time of the year for the package delivery company - Abney will remain as a special consultant through the end of 2020 and then retire after 46 years at the company, UPS said.
On Sept. 30, William Johnson, UPS lead independent director, will assume the role of non-executive chairman.
Tomé becomes the 12th CEO in the 113-year history of UPS. And she is more than familiar with the company: Tomé has been a member of the UPS Board of Directors since 2003 and serves as chairperson of its audit committee.
“After a rigorous selection process involving both internal and external candidates, Carol was the clear choice,” said Johnson, who also serves as chair of the UPS Nominating and Corporate Governance Committee and is a member of the Executive Committee.
Tomé served as CFO at The Home Depot for 18 years before retiring from the company last November. Like The Home Depot, UPS is also based in Atlanta.
“Carol is one of the most respected and talented leaders in corporate America and has a proven track record of driving growth at a global organization, maximizing shareholder value, developing talent and successfully executing against strategic priorities,” Johnson said. “As a member of the board and chair of the audit committee, Carol has in-depth knowledge of UPS’s business, strategy and people, and is the right executive to lead the company at this important time in its transformation.”
“I look forward to working with and further developing the talented management team and the company’s 495,000 employees to deliver for our customers and shareowners,” Tomé said. “David has led a remarkable transformation at UPS and I plan to build on his success. UPS’s rich culture and commitment to its values will guide us as we continue to lead the industry and build on the company’s already strong foundation.”
Last December, Tomé was also named to the Verizon Board of Directors.
The UPS Board of Directors has named Tomé as the company’s new CEO, effective June. 1.
David Abney, the current chairman and CEO, will remain in his role until June 1 when he will become executive chairman of the board. He will retire from the UPS Board on Sept. 30.
To ensure a smooth transition and successful peak season at UPS - the busiest time of the year for the package delivery company - Abney will remain as a special consultant through the end of 2020 and then retire after 46 years at the company, UPS said.
On Sept. 30, William Johnson, UPS lead independent director, will assume the role of non-executive chairman.
Tomé becomes the 12th CEO in the 113-year history of UPS. And she is more than familiar with the company: Tomé has been a member of the UPS Board of Directors since 2003 and serves as chairperson of its audit committee.
“After a rigorous selection process involving both internal and external candidates, Carol was the clear choice,” said Johnson, who also serves as chair of the UPS Nominating and Corporate Governance Committee and is a member of the Executive Committee.
Tomé served as CFO at The Home Depot for 18 years before retiring from the company last November. Like The Home Depot, UPS is also based in Atlanta.
“Carol is one of the most respected and talented leaders in corporate America and has a proven track record of driving growth at a global organization, maximizing shareholder value, developing talent and successfully executing against strategic priorities,” Johnson said. “As a member of the board and chair of the audit committee, Carol has in-depth knowledge of UPS’s business, strategy and people, and is the right executive to lead the company at this important time in its transformation.”
“I look forward to working with and further developing the talented management team and the company’s 495,000 employees to deliver for our customers and shareowners,” Tomé said. “David has led a remarkable transformation at UPS and I plan to build on his success. UPS’s rich culture and commitment to its values will guide us as we continue to lead the industry and build on the company’s already strong foundation.”
Last December, Tomé was also named to the Verizon Board of Directors.