Suzy Welch
Director at ANGI
Board
About Suzy Welch
Suzy Welch, age 65, has served as an independent Class III director of Angi since September 2017; she is a Professor of Management Practice at NYU Stern, a business journalist/TV commentator (NBC/CNBC since 2002), and author of 10-10-10; co-author of The Real Life MBA and Winning; her next book, Becoming You, was scheduled for May 2025 publication by HarperCollins. She earned an MBA from Harvard Business School as a Baker Scholar and previously worked as a management consultant at Bain & Co. and as Editor-in-Chief at Harvard Business Review (senior editor from January 1995; EIC 2001–April 2002) . She is a continuing director in Class III, with the term expiring at the 2027 annual meeting under Angi’s staggered board structure through 2032 .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| The Miami Herald | Reporter | Sep 1981 – Jun 1985 | Early career journalism |
| Harvard Business School | MBA, Baker Scholar | Graduated 1988 | Academic credential |
| Bain & Co. | Management Consultant | After 1988; prior to Jan 1995 | Strategy/operations experience |
| Harvard Business Review | Senior Editor; later Editor-in-Chief | Senior Editor from Jan 1995; EIC 2001–Apr 2002 | Led editorial direction of HBR |
| Jack Welch Management Institute | Co-founder; Curriculum Advisor | 2010 – 2020 | Management education/curriculum leadership |
External Roles
| Organization | Role | Tenure | Type |
|---|---|---|---|
| NYU Stern School of Business | Professor of Management Practice | Current | Academic |
| NBC/CNBC | Television Commentator | Since 2002 | Media |
| Contributing Editor (anchored editorial projects) | Not specified | Media/content | |
| Private company and non-profit boards | Director (unspecified entities) | Not specified | Private/non-profit governance |
Board Governance
- Independence: The Board determined Ms. Welch is independent under Nasdaq rules; all members of the Audit, Compensation & Human Capital, and Nominating & Corporate Governance Committees meet separate SEC and Nasdaq independence standards .
- Committee assignments (2024 activity shown):
- Compensation & Human Capital Committee: Member; the committee met 5 times and took action by written consent 11 times in 2024; Chair: Thomas R. Evans .
- Audit Committee: Not a member (members: Evans, Philips, Haas; Chair: Alesia J. Haas) .
- Nominating & Corporate Governance Committee: Not a member; committee formed March 31, 2025; members: Schiffman (Chair), Pickett .
- Attendance: The Board met 6 times and acted by written consent 3 times in 2024; all incumbent directors attended at least 75% of Board and committee meetings on which they served in 2024 .
- Executive sessions and leadership: Independent directors meet in executive session at least twice per year; the Board has no lead independent director; Board chaired by Executive Chairman Joseph Levin; CEO is Jeffrey W. Kip .
- Board structure: Angi adopted a classified board (Classes I–III) until 2032; Ms. Welch is Class III (term expires 2027) .
Fixed Compensation (Director)
| Component | 2024 Amount | Notes |
|---|---|---|
| Annual cash retainer | $50,000 | Standard non-employee director retainer |
| Committee membership fee (Compensation & Human Capital) | $5,000 | Member retainer for this committee |
| Total cash fees (reported) | $55,000 | Matches 2024 director compensation table for Welch |
Performance Compensation (Director)
| Component | 2024 Amount | Vesting/Terms |
|---|---|---|
| Annual RSU grant | $249,993 | Time-based RSUs; vest in equal installments over 3 years; unvested RSUs fully accelerate upon a change in control; directors may elect to defer vesting/settlement |
- Structure and metrics: Director equity is time-based (no disclosed performance metrics tied to director RSUs) .
- 2024 mix: Equity comprises the majority of Ms. Welch’s 2024 director compensation relative to cash fees based on the amounts above .
Other Directorships & Interlocks
- Current public company boards: None disclosed for Ms. Welch in Angi’s proxy .
- Compensation & Human Capital Committee interlocks: No member of the committee (including Ms. Welch) has been an officer or employee of Angi or IAC during their service on the committee .
Expertise & Qualifications
- Board-identified strengths: Business leadership, strategy, and organizational behavior (extensive writing and speaking on these topics) .
- Academic credential and pedigree: HBS MBA (Baker Scholar) .
- Media/communications: Longstanding national media presence (NBC/CNBC) and editorial roles, enhancing stakeholder communication and brand oversight .
Equity Ownership
| Item | Detail |
|---|---|
| Beneficial ownership (as of record date Apr 21, 2025) | 19,002 shares, consisting of 14,908 shares directly and 4,094 RSUs scheduled to vest within 60 days; less than 1% of outstanding Class A shares (47,950,314 outstanding) |
| Unvested director RSUs outstanding (Dec 31, 2024) | 185,230 RSUs |
| Hedging/pledging policy | Angi prohibits directors from hedging and from pledging/margining company securities |
Additional Disclosures and Signals
- Section 16(a) reporting: Due to an administrative error by Angi, the vesting of 15,151 Angi RSUs for each of Ms. Haas, Ms. Welch, and Mr. Philips in 2024 was not timely reported on Form 4 (subsequently acknowledged) .
- Director compensation program governance: Non-employee director compensation set by the Nominating & Corporate Governance Committee (previously the Board prior to the spin-off); structure includes cash retainers plus annual RSUs; fully independent committees oversee governance and compensation .
Governance Assessment
- Positives:
- Independent director with multi-year tenure and relevant expertise in leadership and organizational behavior; contributes as a member of the Compensation & Human Capital Committee overseeing executive pay and human capital risk processes .
- Strong alignment mechanisms: majority of director compensation in equity RSUs; company prohibits hedging and pledging, supporting shareholder alignment .
- Board and committee independence (including her committee) and satisfactory attendance across the Board in 2024 .
- Watch items:
- Administrative delay in Section 16 reporting for RSU vesting (formally attributed to company administrative error) .
- Structural: No lead independent director and a classified board structure until 2032 may be viewed by some governance investors as limiting accountability, though independent committees and regular executive sessions are in place .
- Director equity awards are time-based (no explicit performance conditions), which is standard for directors but offers limited performance linkage relative to at-risk executive pay mechanisms .
No related-party transactions or conflicts specific to Ms. Welch are disclosed, and the Board’s independence review identified no relationships that would impair her independent judgment .