Holly Van Deursen
ALBEMARLEAbout Holly A. Van Deursen
Independent director (since 2019) with 25 years in chemicals, oil, and energy; former Group Vice President, Petrochemicals at BP and prior engineering/manufacturing roles at Dow Corning. Age 66; serves on Albemarle’s Executive Compensation & Talent Development and Capital Investment Committees; the Board has affirmed her independence under NYSE standards and Albemarle’s guidelines .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| BP plc | Group Vice President, Petrochemicals; member of top-forty executive management team | 2000–2005 | Global business management and sector experience cited for ALB nomination |
| Dow Corning Corporation | Engineering, manufacturing, product development roles | Not dated (prior to BP) | Chemical/industrial operational experience |
External Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Kimball Electronics Inc. | Director | 2019 – current | Not disclosed |
| Synthomer plc | Director | 2018 – current | Not disclosed |
| Capstone Green Energy Corporation | Chair (2017–2020); Director | 2007 – 2021 | Governance leadership experience as Chair |
| Enerpac Tool Group (formerly Actuant Corporation) | Director | 2008 – 2020 | Industrial sector experience |
Board Governance
- Independence: Board determined Van Deursen is independent under NYSE and Albemarle guidelines .
- Committee assignments: Executive Compensation & Talent Development and Capital Investment; not a committee chair .
- Attendance: Board held 7 meetings in 2024; each director attended at least 86% of Board meetings; Exec Compensation Committee held 7 meetings with each member at least 86% attendance; Capital Investment Committee held 4 meetings with 100% attendance .
- Anti-hedging/pledging, clawbacks: Company policy prohibits director hedging and pledging; clawback policies apply to incentive compensation .
- Share ownership guidelines: Non-employee directors must hold stock equal to 5x annual cash retainer within five years; all directors were in compliance as of March 12, 2025 .
Committee Assignments and 2024 Attendance
| Committee | Role | Meetings (2024) | Attendance |
|---|---|---|---|
| Executive Compensation & Talent Development | Member | 7 | Each member ≥86% |
| Capital Investment | Member | 4 | Each member 100% |
Fixed Compensation
| Component (2024) | Amount | Notes |
|---|---|---|
| Fees Earned or Paid in Cash | $120,000 | Annual cash retainer; Van Deursen elected to defer 100% to deferred cash account |
| All Other Compensation | $3,000 | Matching gifts via Albemarle Foundation |
Director Compensation Program (Structure)
| Element | Amount/Terms |
|---|---|
| Annual Cash Retainer | $120,000 |
| Annual Equity Retainer | $170,000 restricted stock (granted first trading day of July; vests next July 1 if term completed) |
| Chair Fees (if applicable) | Audit $25,000; Exec Comp $20,000; N&G $15,000; Sustainability $15,000; Capital Investment $15,000 |
| Meeting Fees | None (no per-meeting fees) |
| Deferred Compensation | Directors may defer cash and/or stock; phantom shares receive dividend equivalents |
Performance Compensation
| Equity Grant Detail (2024) | Data | Notes |
|---|---|---|
| Grant Date | July 1, 2024 | Annual director grant date |
| Shares Granted | 1,750 | Calculated by $170,000 ÷ $97.41, rounded to next 25 shares |
| Grant Date Fair Value | $170,468 | FASB ASC 718 value |
| Vesting | July 1, 2025 (subject to service) | Standard director vesting |
| Deferral Election | 100% of stock deferred to phantom stock account | Van Deursen elected full deferral of stock |
| Options | None outstanding for non-employee directors | No director stock options |
Directors do not receive performance-based equity (no PSUs/TSR metrics) in the director program; equity is time-based restricted stock only .
Other Directorships & Interlocks
| Company | Sector Overlap | Potential Interlock | Disclosure |
|---|---|---|---|
| Kimball Electronics Inc. | Contract manufacturing | None disclosed | Listed as current public board |
| Synthomer plc | Specialty polymers | None disclosed | Listed as current public board |
| Capstone Green Energy | Energy systems | None disclosed | Former Chair/Director |
| Enerpac Tool Group | Diversified industrial | None disclosed | Former Director |
Compensation Committee interlocks: None. No member of Exec Comp Committee was an officer/employee; no reciprocal committee interlocks; no relationships disclosed in related-party section .
Expertise & Qualifications
- Extensive chemical/industrial sector experience; executive roles in business management, business development, and M&A across U.S. and global markets .
- Skills cited by ALB for nomination include sector breadth across oilfield services, diversified industrials, packaging; contributes to Executive Compensation and Capital Investment oversight .
Equity Ownership
| Ownership Item (as of Mar 12, 2025) | Amount | Notes |
|---|---|---|
| Beneficially Owned Shares | 1,650 | Direct beneficial ownership |
| Phantom Shares (no voting/investment power) | 5,895 | Deferred stock account balance |
| Ownership % of Class | <1% | Asterisk denotes <1% of 117,650,568 shares |
| Pledged or Hedged | Prohibited by policy | Anti-hedging/pledging policies for directors |
| Ownership Guideline | 5x annual cash retainer | All directors in compliance as of record date |
Insider Trades
| Compliance Indicator (2024) | Status |
|---|---|
| Delinquent Section 16(a) Reports | None (compliant) |
Say-on-Pay & Compensation Committee Signals
- 2024 Say-on-Pay approval: 85.9% support; signals generally favorable shareholder view despite sector headwinds .
- Committee governance: Farient Advisors retained as independent consultant; independence confirmed by Committee under SEC/NYSE standards .
- Pay discipline: Committee exercised negative discretion reducing 2024 annual incentive payouts by 34 percentage points enterprise-wide to align pay with underlying performance and adjust for capitalized inefficiencies; indicates rigorous oversight culture .
- Peer group benchmarking: Chemicals/metals/mining peers maintained; methodology adjusted to reflect revenue sensitivity to lithium prices (median revenue around ~$8B complexity proxy) .
Related Party Transactions
- None: Audit & Finance Committee reported no related person transactions since the beginning of 2024; policy requires arm’s-length terms and Committee approval thresholds .
Governance Assessment
- Strengths: Independent director with relevant sector/M&A expertise; active service on Executive Compensation & Capital Investment Committees; solid attendance; compliance with robust stock ownership guidelines; anti-hedging/pledging and clawback policies; no related-party exposures; compensation oversight evidences negative discretion and independent consultant engagement .
- Alignment signals: 2024 director equity fully deferred to phantom stock; reinforces long-term alignment; direct beneficial ownership plus phantom shares; guideline compliance .
- Potential watch items: Multiple concurrent public boards (current total incl. ALB = 3 per competency summary) may require ongoing monitoring for time commitments, though no attendance issues disclosed .