Welcome to the board: 40 new directors in their 40s
By James Kristie
Welcome to the board: 40 new directors in their 40s
 
A youthquake in the boardroom? Not hardly. But younger directors are moving in.
 
By James Kristie
 
Only about 10% of directors at more then 3,000 listed companies are in their 40s, according to data from the EY Center for Board Matters. The average age of a director of a publicly traded company is 62. But who’s counting? Well, we are. “Are boards too old?” is a topic that Directors & Boards authors have addressed several times over the years, as well as the corollary question, “Do boards need younger members?”
 
Both questions are becoming more pressing as we continue to advance into the digital age, a trend well explored by Norbert Gottenberg in the preceding article. As a tie-in with the 40th anniversary of Directors & Boards, what follows is a lineup of 40 executives who were elected to boards in the past two years. It is a random sample (in alphabetical order) culled from the research our team has done for the Directors Roster roundup of new directors that appears in each issue. It is a nicely balanced list of men and women, each with diverse backgrounds — not always digital-oriented but you will see that some do bring a digital touch with them to their new board seats (details are as of the time of their board elections).
 
Way back in one of our 1993 issues we quoted a disgruntled IBM Corp. shareholder lobbing a charge at the board members as being “too old . . . most of them come from an era of manual typewriters and carbon paper.” Keen observers of board composition, and that includes our Directors & Boards authors, recognize that newer talent needs to be tapped to capitalize on the opportunities that the changing business environment presents. Here is a look at that new talent.
 
1. Laura Alber, president and CEO of Williams-Sonoma Inc. (she was recognized by Fortune magazine for the digital transformation of the Williams-Sonoma brands)
Board: Fitbit Inc., maker of products that track health and fitness
 
2. Kimberly Alexy, principal of Alexy Capital Management, a private investment firm, and a former technology hardware analyst for Prudential Securities
Board: FireEye Inc., a provider of cybersecurity services
 
3. Mohamad Ali, president and CEO of Carbonite Inc., a provider of cloud solutions for home and business, and former chief strategy officer at Hewlett-Packard
Board: iRobot Corp., a designer and builder of robots for consumer and military uses
 
4. Andy Ballard, founder and managing partner of Figtree Partners, an investment firm focused on digital media
Board: Domino’s Pizza Inc., pizza delivery company 
 
5. Marla Malcolm Beck, co-founder and CEO of Bluemercury, a retailer and online seller of upscale beauty products and spa services
Board: The Children’s Place Inc., a specialty apparel retailer
 
6. Charlene Begley, a General Electric Co. executive from 1988 to 2013, most recently GE’s chief information officer
Board: Red Hat Inc., a computer software company
 
7. David Bozeman, senior vice president of Caterpillar Inc.
Board: Weyerhauser Co., timberland owner and wood products manufacturer
 
8. Hope Cochran, former CFO of King Digital, where she was instrumental in leading the company’s IPO and ultimate acquisition by Activision
Board: Hasbro Inc., a toys and games and entertainment company
 
9. Cesar Conde, chairman of NBCUniversal International Group and NBCUniversal Telemundo Enterprises, broadcasting units of Comcast Corp.
Board: PepsiCo Inc., food and beverage company
 
10. Jennifer Dulski, president of Change.org, the world’s largest platform for social change
Board: TEGNA Inc., a media and digital products company (formerly known as Gannett Co.)
 
11. Tracy A. Embree, vice president of engine manufacturer Cummins Inc. and president of the Cummins Components Group
Board: Louisiana-Pacific Corp., manufacturer of wood building materials
 
12. Aditi Javeri Gokhale, SVP-Digital for Nutrisystem Inc.
Board: Churchill Downs Inc., owner and operator of racetrack and casino businesses 
 
13. Mike Gupta, SVP of strategic investments at Twitter Inc.
Board: Zulily Inc., online retailer of children’s and women’s apparel and other merchandise
 
14. Sanjay Gupta, EVP of marketing, innovation and corporate relations for the insurer Allstate Corp.
Board: ICF International, a Nasdaq-traded provider of consulting and technology services to government and commercial clients
 
15. Leslie D. Hale, EVP, CFO and treasurer of RLJ Lodging Trust, a REIT focused on the lodging sector, with 150 hotels across the U.S.
Board: Macy’s Inc., one of the nation’s largest retailers 
 
16. Peter Blair Henry, dean of New York University’s Stern School of Business (and the youngest person to hold that position)
Board: Citigroup, the global banking institution
 
17. Mary K.W. Jones, SVP and general counsel of farm equipment maker Deere & Co.
Board: HNI Corp., manufacturer of office furniture
 
18. Siddhartha Kadia, president and CEO of Evans Analytical Group, a provider of laboratory testing and analytical services
Board: Newport Corp., a supplier of technology products and systems to customers in the scientific research, life and health sciences, and other markets
 
19. Kunal S. Kamlani, most recently was president and COO of Prestige Cruise Holdings
Board: Sears Holdings Corp., retailer
 
20. Brett Keller, CEO of Priceline.com (was CMO when named to the board)
Board: Broadridge Financial Solutions Inc., provider of investor communications and securities processing services
 
21. Deborah Kerr, EVP and chief product and technology officer of Sabre Corp., a travel technology company
Board: EXL (ExlService Holdings Inc.), a provider of operations management and technology platforms to the insurance, banking, health care, transportation and logistics, and other industry sectors
 
22. Dara Khosrowshahi, president and CEO of Expedia Inc., operator of online travel and booking sites 
Board: New York Times Co., newspaper publisher and media company
 
23. Karin Klein, partner at Bloomberg Beta, a venture capital fund that invests in technology companies 
Board: Paramount Group Inc., an office properties REIT
 
24.Valerie S. Krueckeberg, CPA, a former partner of KPMG LLP who now has her own firm providing accounting and consulting services
Board: LCNB Corp., a financial holding company whose LCNB National Bank has over 30 offices in the Ohio area
 
25. Vivian S. Lee, Ph.D., M.D., senior vice president for health sciences at the University of Utah and Dean of the university’s School of Medicine
Board: Merrimack Pharmaceuticals Inc., a Nasdaq-traded biopharmaceutical company working on cancer treatments
 
26. Annabelle Yu Long, managing partner of Bertelsmann Asia Investments and formerly a principal at Bertelsmann Digital Media Investments
Board: Coach Inc., designer of luxury accessories
 
27. Susan R. Mulder, CEO of Nic & Zoe Co., a privately held woman’s apparel company, and formerly a senior partner with McKinsey & Company working with retail and consumer clients
Board: Sally Beauty Holdings Inc., a retailer and distributor of professional beauty supplies
 
28. Scott R. Peppet, Professor of Law, University of Colorado Law School, with expertise in contracts, negotiations, privacy law and technology
Board: Anixter International Inc., distributor of electronic parts, security solutions, and other products 
 
29. Christa Quarles, CFA, chief executive officer and formerly CFO of OpenTable, a division of Priceline Group Inc.
Board: Kimberly-Clark Corp., the health and hygiene company with such brands as Kleenex, Huggies, and Scott
 
30. Robyn Peterson, chief technology officer of Mashable, a media and entertainment company
Board: World Wrestling Entertainment Inc., a sports entertainment business
 
31. Duncan Robertson, CFO of OpenTable from 2011 to 2014 and previously a co-founder and CFO of SnapStick, a mobile app company
Board: Care.com Inc., an online destination for finding and managing family care
 
32. Ali Rowghani, partner at venture firm YCombinator and former COO at Twitter Inc.
Board: Restoration Hardware Holdings Inc., retailer of home furnishings through its stores and online
 
33. Josh Silverman, president of consumer products and service for American Express Co. from June 2011 to December 2015, and previously CEO of Skype
Board: Shake Shack Inc., restaurant operator
 
34. Rebecca Lee Steinfort, COO of Paladina Health, a subsidiary of Davita Healthcare Partners Inc.
Board: Nature’s Sunshine Products Inc., maker and seller of nutritional and personal care products
 
35. Mark Stoever, president and COO of Monster Worldwide Inc., online employment company
Board: Panera Bread Co., operator and franchisor of retail bakery-cafes
 
36. Jonathan W. Thayer, senior executive vice president and CFO of Exelon Corp., an energy supplier
Board: Woodward Inc., maker of components for the aerospace and industrial markets
 
37. Raul Vazquez, CEO of Oportun, a financial technology company, and a former senior executive with Walmart who served as its EVP of Global eCommerce for developed markets
Board: Intuit Inc., creator of business and financial management products
 
38. Rebecca Van Dyck, global head of consumer and brand marketing at Facebook 
Board: New York Times Co., a newspaper publisher and media company
 
39. Katherine White, professor of law at Wayne State University
Board: Old National Bancorp, the largest financial services holding company headquartered in Indiana
 
40. Susan Wojcicki, CEO of YouTube (Google employee No. 16)
Board: Salesforce, provider of customer relations management products 
 
 
 

Other related articles

  • Board Refreshment Drives Progress Toward Gender Parity
    Published May 26, 2017
    By Dan Marcec
    Gender diversity on public company boards has become a hot-button topic in recent years, as investors and other governance advisors have shined a spotlight on the issue. Major institutional investors ...
  • Should Everything Be for the Record?
    Published May 22, 2017
    By Doug Raymond
    Board meeting minutes, or lack thereof, are causing legal issues.The minimalist approach to recording boardroom discussions is attracting criticism, but that doesn’t mean everything at every meeting ...
  • Creating an Advisory Board
    Published May 19, 2017
    By Jessica Gentile and John T. Thompson
    Bringing new perspectives to the table.Leading public companies are increasingly creating advisory boards to augment the firepower of their statutory boards.Unilever created a Sustainable Living Plan ...
  • What if Equity Markets Stop Making Sense for Pay?
    Published May 19, 2017
    By Todd Sirras
    Compensation questions to ask during volatile timesThe U.S. equity markets may become in the short-term, a poor marker for long-term value creation.What does that mean for equity-based pay?This is a m ...