Peter Crawford
Artisan Partners Asset ManagementAbout Peter Crawford
Peter B. Crawford was appointed to the Artisan Partners Asset Management (APAM) Board on July 2, 2025 and immediately joined the Audit Committee. He previously served as Chief Financial Officer of Charles Schwab (May 2017–Oct 2024) and then as Managing Director and Advisor (Oct 2024–Jun 2025). His appointment to APAM’s Audit Committee signals independence and deep finance expertise consistent with committee requirements that members be independent and financially literate.
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Charles Schwab | Chief Financial Officer | May 2017 – Oct 2024 | Led finance; senior leadership roles prior to CFO since 2001 |
| Charles Schwab | Managing Director and Advisor | Oct 2024 – Jun 2025 | Strategic advisory to firm |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Charles Schwab | Multiple senior leadership roles (joined 2001) | 2001 – 2017 | Roles prior to CFO not enumerated in APAM filings |
Board Governance
- Appointment and committee: Appointed to APAM’s Board and joined the Audit Committee on July 2, 2025.
- Independence: APAM’s Audit Committee is comprised solely of independent directors; members must be financially literate and the Board has determined Audit Committee members have accounting/financial management expertise and qualify as “audit committee financial experts.”
- Board independence and leadership: Following the June 4, 2025 Annual Meeting, APAM expects seven directors, five independent; roles include Chair and Lead Independent Director with defined responsibilities.
- Attendance and engagement norms: In 2024, each director attended at least 75% of Board and applicable committee meetings; independent directors hold executive sessions regularly. All seven directors attended the 2024 annual meeting. (Peter Crawford’s 2025 attendance not yet disclosed.)
- Governance framework: Corporate Governance Guidelines; board/committee self-evaluations; Code of Business Conduct; insider trading and hedging restrictions; board oversight of risk with defined committee remits.
Fixed Compensation
APAM’s customary director compensation program (as described in the 2025 proxy) to which Mr. Crawford will be subject:
| Component | Amount | Structure |
|---|---|---|
| Annual cash retainer (non-employee directors) | $75,000 | Paid quarterly; in 2024 all non-employee directors elected RSUs in lieu of cash |
| Equity retainer (RSUs) | $125,000 | RSUs under 2023 Non-Employee Director Compensation Plan; dividend equivalents; shares delivered on earlier of change-in-control or termination from Board |
| Audit Committee Chair | $50,000 | Additional cash retainer (chair premium) |
| Compensation Committee Chair | $40,000 | Additional cash retainer |
| Governance & Sustainability Committee Chair | $40,000 | Additional cash retainer |
| Independent Chair of the Board | $125,000 | Additional cash retainer |
| 2024 director awards realized (context) | See below | 2024 stock awards by director ranged $200k–$325k; RSU balances by director disclosed (Crawford not a director in 2024) |
Mr. Crawford will “participate in the Company's customary director compensation program” per the appointment 8-K.
Performance Compensation
- No performance metrics are tied to non-employee director compensation; RSUs are time-based with delivery on the earlier of change-in-control or Board service termination.
- Hedging of Company awards/stock is prohibited by policy and by the amended Omnibus Incentive Plan; awards are nonassignable and any hedged award is forfeited.
| Performance Metrics for Director Pay | Disclosed? |
|---|---|
| Financial/operational targets (e.g., revenue, TSR) | Not applicable to director compensation |
Other Directorships & Interlocks
- Public company directorships: None disclosed for Mr. Crawford in APAM filings.
- Committee interlocks: APAM notes Compensation Committee independence and that certain members (e.g., Tench Coxe) had historical IPO-related agreements and invest in APAM vehicles; no interlocks disclosed for Mr. Crawford.
Expertise & Qualifications
- Financial leadership: Former CFO of Charles Schwab; extensive senior finance and leadership roles since 2001.
- Audit oversight: Appointment to Audit Committee aligns with APAM’s requirement for independence and “financially literate” members with accounting/financial expertise.
- Governance: Executed APAM’s standard director indemnification agreement.
Equity Ownership
| Date | Filing | Beneficial Ownership (Class A) | Notes |
|---|---|---|---|
| 07/02/2025 | Form 3 (Initial Statement) | 0 shares | “No securities are beneficially owned.” |
| As of appointment | 8-K note | Will receive director compensation per program (includes RSUs) | Specific grant amounts for Mr. Crawford not disclosed at appointment |
Policies affecting alignment:
- Insider Trading Policy prohibits director hedging; pledging restricted during blackout/material MNPI.
- 2023 Omnibus Plan amendment: Awards cannot be sold/transferred/hedged; violations cause forfeiture.
Governance Assessment
- Strengths: Independent Audit Committee seat; deep CFO background strengthens financial oversight; strong anti-hedging and award nonassignability enhance alignment; director pay includes equity retainer to build ownership over time.
- Watch items: Initial Form 3 lists no beneficial ownership on appointment—equity alignment will depend on RSU accrual and retention over time; no disclosed conflicts or related-party transactions specific to Mr. Crawford.
- Overall: Appointment adds finance depth and maintains committee independence; compensation structure and policies support board effectiveness and investor confidence.