Liane J. Pelletier
AMERIPRISE FINANCIALAbout Liane J. Pelletier
Independent director appointed to Ameriprise Financial’s Board on November 12, 2025; joins the Audit & Risk Committee. Former Chair/CEO/President of Alaska Communications Systems Group (2003–2011) and senior strategy executive at Sprint. She currently serves on public boards at Expeditors International (Chair, Nominating & Corporate Governance) and Frontdoor (Audit and Compensation Committees). Education: MS, MIT Sloan School of Management; BA, Wellesley College .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Alaska Communications Systems Group | Chairwoman, CEO & President | 2003–2011 | Led telecom operations; technology and transformation expertise |
| Sprint Corporation | SVP Corporate Strategy & Business Development | Not disclosed | Corporate strategy; business development leadership |
External Roles
| Company | Listing | Role | Tenure | Committees |
|---|---|---|---|---|
| Expeditors International of Washington, Inc. | NYSE: EXPD | Director; Chair, Nominating & Corporate Governance | Since 2013 | Nominating & Corporate Governance (Chair) |
| Frontdoor, Inc. | NASDAQ: FTDR | Director | Since 2018 | Audit; Compensation |
| Switch, Inc. | (privatized in 2022) | Former Director | 2020–2022 | Not disclosed |
| ATN International, Inc. | NASDAQ: ATNI | Former Director | 2012–2023 | Not disclosed |
Board Governance
- Committee assignment: Audit & Risk Committee; AMP requires all Audit & Risk members to be independent and financially literate under NYSE/SEC Rule 10A-3 .
- Independence: AMP states only independent directors serve on Audit & Risk/Compensation/Nominating; Pelletier’s appointment to Audit & Risk indicates independent status under AMP’s governance rules .
- Board meeting cadence and executive sessions: In 2024 the Board met six times with executive sessions of independent directors; committees routinely hold executive sessions without management .
- Lead Independent Director structure and presiding authority maintained; independent presiding director oversees executive sessions and investor engagement .
Fixed Compensation
| Element | Amount / Terms | Source |
|---|---|---|
| Annual cash retainer | $110,000 | |
| Committee member retainer (Audit & Risk) | $15,000 | |
| Committee chair retainer (if applicable) | Audit Chair: +$30,000; Comp Chair: +$20,000; N&G Chair: +$20,000 | |
| Presiding director retainer (not applicable) | $50,000 | |
| Annual equity retainer | $210,000 in DSUs (effective as of 2025 Annual Meeting) | |
| Meeting fees | None (no board or committee meeting fees) | |
| Pro rata DSU grant upon appointment | Eligible for pro rata portion of $210,000 DSUs for service Nov 12, 2025 to 2026 Annual Meeting |
Performance Compensation
AMP outside directors do not receive options/PSUs and have no performance-linked metrics; equity is granted as DSUs with dividend equivalents and settlement upon end of service . Key DSU plan features:
| Feature | Detail | Source |
|---|---|---|
| Instrument | Deferred Share Units (DSUs) | |
| Grant sizing | Dollar value / closing price on grant date; prorated for first partial year | |
| Dividend equivalents | Reinvested into additional DSUs at dividend payment dates | |
| Distribution | Single payment in shares after end of service (or per annual election for deferrals) | |
| Change-in-control treatment | Immediate distribution of DSU account in shares |
Other Directorships & Interlocks
- No related-party transactions: AMP disclosed no transactions with Pelletier or immediate family requiring Item 404(a) disclosure at appointment .
- Overboarding: AMP guideline limits directors to ≤4 public boards; Pelletier’s current public boards (AMP, EXPD, FTDR) are within limits .
- Industry interlocks/conflicts: Current boards (logistics and home services) do not directly compete with AMP’s core wealth/asset management/insurance businesses; risk appears limited based on disclosed roles .
Expertise & Qualifications
- Corporate strategy, governance, technology, and business transformation depth emphasized by AMP at appointment .
- Regulated industry leadership; telecom CEO experience; public board committee leadership (audit, compensation, nominating/governance) .
- Education: MS MIT Sloan; BA Wellesley .
Equity Ownership
| Topic | Detail | Source |
|---|---|---|
| Initial AMP holdings | Not disclosed at appointment; eligible for pro rata DSU grant | |
| Hedging/Pledging | Directors and officers prohibited from hedging or pledging AMP stock | |
| Ownership guideline | 5x annual cash retainer (to be attained within five years of joining the Board) |
Governance Assessment
- Independence and committee fit: Appointment directly to Audit & Risk aligns with her governance and risk oversight background; AMP’s committee independence standards support investor confidence .
- Time/commitment: Within AMP’s outside board limits; committee leadership at other issuers suggests strong engagement, but monitoring is warranted as responsibilities expand .
- Pay structure alignment: Cash+DSU model (no meeting fees/options) and 5x ownership guideline reinforce alignment; prohibitions on hedging/pledging mitigate misalignment/financing risks .
- Conflicts/related party: AMP’s 8-K notes no Item 404 transactions—low immediate conflict risk; continue to monitor supplier/customer ties across her external boards .
- Shareholder signals: AMP’s say-on-pay support (~89% in 2024) and strong shareholder engagement practices indicate constructive governance environment into which Pelletier integrates .