Glenda Minor
ALBEMARLEAbout Glenda J. Minor
Independent director since 2019; age 68. Minor is CEO and Principal of Silket Advisory Services (2016–present), and previously served as SVP & CFO of EVRAZ North America (2010–2016) and held senior finance roles (VP Finance, Controller, Chief Accounting Officer, General Auditor) at Visteon (2000–2010). She is designated an Audit Committee Financial Expert and serves on Albemarle’s Audit & Finance and Nominating & Governance Committees. Current public company boards include Albemarle, Radius Recycling (since 2020), and Curtiss‑Wright (since 2019). Independence affirmed by the Board under NYSE standards.
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Silket Advisory Services | Chief Executive Officer & Principal | 2016–present | Advises companies on financial, strategic, operational initiatives |
| EVRAZ North America | Senior Vice President & Chief Financial Officer | 2010–2016 | Finance leadership at North American steel manufacturer |
| Visteon Corporation | VP Finance; Controller; Chief Accounting Officer; General Auditor | 2000–2010 | Financial reporting, controls, audit; capital markets experience |
External Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Radius Recycling | Director | 2020–current | Current public company audit committee count (incl. ALB): 3 |
| Curtiss‑Wright Corporation | Director | 2019–current | Current public company audit committee count (incl. ALB): 3 |
| Capital Area United Way | Board member | 2020–current | Community engagement |
Board Governance
| Item | Detail |
|---|---|
| Independence | Board determined Minor is independent under NYSE and Albemarle guidelines |
| Committees | Audit & Finance (member), Nominating & Governance (member) |
| Audit Expertise | Designated Audit Committee Financial Expert by SEC definition |
| Board meetings | Board met 7 times in 2024; each director attended ≥86% |
| Committee meetings | Audit & Finance: 7 meetings; each member attended ≥86% . Nominating & Governance: 10 meetings; each member attended ≥90% |
| Executive sessions | Regular sessions of non‑employee directors; LID presides |
| Lead Independent Director | James J. O’Brien; robust responsibilities defined by Board |
Fixed Compensation
| Component | Amount | Notes |
|---|---|---|
| Annual cash retainer | $120,000 | Paid quarterly; no meeting fees |
| Committee chair fees | N/A for Minor | Only paid to chairs; A&F Chair $25k; Comp&Talent Chair $20k; N&G Chair $15k; Sustainability Chair $15k; Capital Investment Chair $15k |
| Fees earned (2024) | $120,000 | Minor’s reported cash fees for FY2024 |
| Other compensation (2024) | $3,000 | Matching Gifts Program |
Performance Compensation
| Equity Award | Grant Date | Shares Granted | Grant‑Date Value | Vesting | Notes |
|---|---|---|---|---|---|
| Annual restricted common stock | Jul 1, 2024 | 1,750 | $170,468 | Vests July 1 following year or upon completion of term | Shares determined as $170,000 ÷ $97.41 closing price; rounded up to next 25 shares |
| Stock options | None | — | — | — | No director stock options outstanding |
No director performance metrics apply; director equity is time‑based restricted stock, not performance‑conditioned. Albemarle prohibits short sales, hedging, and pledging for directors.
Other Directorships & Interlocks
| Item | Detail |
|---|---|
| Current public company boards (incl. ALB) | 3 for Minor |
| Current public company audit committees (incl. ALB) | 3 for Minor |
| Compensation committee interlocks | None reported; no insider participation |
| Related party transactions | None presented to Audit & Finance Committee since start of 2024 |
| Compensation consultant | Farient Advisors retained; independence affirmed; no conflicts |
Expertise & Qualifications
- Financial literacy and SEC‑defined Audit Committee Financial Expert; deep financial reporting, controls, and capital markets experience .
- Global/emerging markets, risk management, M&A, strategy, governance competencies per Board’s skills matrix .
- Cross‑industry operating experience (steel manufacturing, automotive electronics) and advisory leadership .
Equity Ownership
| Holder | Beneficial Shares | Phantom Shares | % of Class | Notes |
|---|---|---|---|---|
| Glenda J. Minor | 5,856 | 1,569 | <1% | Phantom shares in deferred stock account; no voting/investment power |
| Ownership Policy | Target | Compliance | Holding Requirement |
|---|---|---|---|
| Director stock ownership guideline | 5x annual cash retainer | Each non‑employee director was in compliance (subject to 5‑yr phase‑in) as of Mar 12, 2025 | Must hold ≥50% of net shares vesting until guideline met; anti‑hedging/pledging policy applies |
Governance Assessment
- Strengths: Independent director with substantial finance/CFO background; SEC Audit Committee Financial Expert; active on Audit & Finance and Nominating & Governance; strong attendance; equity ownership aligned with robust 5x retainer guideline; anti‑hedging/pledging policy; no related‑party transactions; no compensation committee interlocks. These support board effectiveness and investor confidence.
- Watchpoints: Multi‑board load (three public boards including ALB) warrants ongoing monitoring of bandwidth and potential interlocks, though no conflicts are disclosed.
- Context: 2024 Say‑on‑Pay passed with 85.9% support; the Board flagged SOP support below historical norms and exercised negative discretion on AIP payouts, indicating responsiveness to performance alignment—positive signal for governance.
- Overall: Minor’s audit expertise, independence, and attendance, coupled with clean related‑party and interlock disclosures, indicate low governance risk and solid alignment for oversight of financial reporting and board nomination processes.