UPS CEO: Now is the time to 'really rethink our business model' - Yahoo
UPS CEO Carol Tomé is wasting no time putting her 25 years of experience at Home Depot to work at reshaping the 114-year old logistics leader. That time at Home Depot includes 18 years serving as its CFO, shepherding the home improvement giant through the Great Recession.
Since taking over as CEO of UPS in June, Tomé (who had been on the UPS board since 2003) has launched a review of the entire UPS business. That has included assessing the UPS culture, its internal operating processes, and the very business model of the company. Tomé told Yahoo Finance Live the review had to happen so UPS could bring down its debt and costs, support higher dividend payouts, and position the business correctly for the future.
Having followed Tomé’s career for some time, this writer will note the obsessive focus on improving UPS’ returns is no surprise — it’s her modus operandi.
UPS CEO Carol Tomé is wasting no time putting her 25 years of experience at Home Depot to work at reshaping the 114-year old logistics leader. That time at Home Depot includes 18 years serving as its CFO, shepherding the home improvement giant through the Great Recession.
Since taking over as CEO of UPS in June, Tomé (who had been on the UPS board since 2003) has launched a review of the entire UPS business. That has included assessing the UPS culture, its internal operating processes, and the very business model of the company. Tomé told Yahoo Finance Live the review had to happen so UPS could bring down its debt and costs, support higher dividend payouts, and position the business correctly for the future.
Having followed Tomé’s career for some time, this writer will note the obsessive focus on improving UPS’ returns is no surprise — it’s her modus operandi.
