Kerry Murphy Healey

About Kerry Murphy Healey

Independent director of Apollo Global Management, Inc. (AGM) since January 2022; Chair of the Sustainability and Corporate Responsibility Committee. Age 64; background spans higher education (President of Babson College 2013–2019), public policy (70th Lieutenant Governor of Massachusetts 2003–2007), nonprofit leadership (Milken Center inaugural president 2019–2022), and policy consulting (Abt Associates) . Education: A.B. in Government (Harvard College) and Ph.D. in political science and law (Trinity College Dublin); fellowships at Harvard IOP and Center for Public Leadership; member of the Council on Foreign Relations and Trilateral Commission .

Past Roles

Organization	Role	Tenure	Committees/Impact
Babson College	President; later President Emerita	2013–2019; Emerita elected 2021	Led institution; governance honor as Emerita
Commonwealth of Massachusetts	70th Lieutenant Governor	2003–2007	Led policy and legislative initiatives in Romney–Healey Administration
Milken Center for Advancing the American Dream	Inaugural President	2019–2022	Built organization in Washington, DC
Abt Associates / U.S. DOJ	Public policy consultant	~10+ years (prior to public service)	Policy consulting assignments to DOJ
Apollo Asset Management (AAM)	Independent Director	Mar 2021–Dec 2021	Legacy AGM board tenure count includes legacy service

External Roles

Organization	Role	Tenure/Affiliation	Committees
Marti Technologies, Inc.	Director	Current	Chair, Nominating & Corporate Governance; Member, Audit
Council on Foreign Relations	Member	Current	—
Trilateral Commission	Member	Current	—
American University of Afghanistan	Trustee	Current	—
American University of Bahrain	Trustee	Current	—
Western Governors University	Trustee	Current	—

Board Governance

Committee assignments: Chair, Sustainability & Corporate Responsibility Committee; members include Mitra Hormozi, Pauline Richards, and Patrick Toomey (member since Oct 1, 2024); committee consists of four independent directors, charter available on ir.apollo.com .
Independence: Board determined Dr. Healey is independent under NYSE rules and AGM guidelines .
Attendance: In 2024 the Board met four times; each director attended at least 75% of Board and committee meetings; fourteen members attended the 2024 annual meeting .
Executive sessions: Independent directors meet periodically in executive session, presided over by the Lead Independent Director (Gary Cohn) .
Lead Independent Director: separate role with defined responsibilities; committees led by independent directors .

Fixed Compensation

Program structure (independent directors): Annual cash components include:
- Lead Independent Director/Independent Chair fee: $100,000
- Committee chair fee: $25,000 (incremental to member fee)
- Committee member fee: $25,000
- Cash retainers/fees paid quarterly; ad hoc committees also carry member and chair fees
2024 amounts (AGM Board service): | Component | Amount ($) | Notes | |---|---|---| | Fees earned or paid in cash (total) | 254,375 | Includes ad hoc committee service fees as described in footnote (see below) | | Ad hoc committee fees included in cash | 4,375; 25,000; +25,000 (chair) | $4,375 for Oct 28, 2024 ad hoc (pro rata); $25,000 for second ad hoc; +$25,000 for chair of that ad hoc | | All other compensation | — | — | | Total | 454,364 | Sum of cash and stock awards |
Mix: Cash $254,375 vs. equity $199,989 → approx. 56% cash / 44% equity (derived from disclosed amounts) .

Performance Compensation

Award Type	Grant Date	Units (#)	Grant Date Fair Value ($)	Vesting	Notes
RSUs (annual director grant)	Not disclosed (annual cycle)	Not disclosed	199,989	Vests on or about July 1 of the year following grant	Unvested director RSUs are not entitled to dividends or dividend equivalents
Deferred settlement election	Not disclosed	—	—	—	Continuing independent directors may elect to delay receipt of shares until service ends

Director equity program: Welcome RSUs valued at $200,000 ($250,000 for Lead Independent Director/independent Chair); continuing directors receive annual grants thereafter; settlement deferral available .
Performance metrics: None disclosed for director RSUs; awards are time-based for directors (no specific revenue/EBITDA/TSR metrics disclosed) .

Other Directorships & Interlocks

Company	Industry Relationship to AGM	Role	Committees
Marti Technologies, Inc.	No disclosed customer/supplier/competitor tie to AGM	Director	Chair, Nominating & Corporate Governance; Member, Audit

Conflicts screening: AGM maintains a Related Person Transactions Policy overseen by the Audit Committee; audit committee members recuse from reviews where they are related; transactions >$120,000 require review . The proxy’s “Certain Relationships” section does not identify any related-person transaction involving Dr. Healey; examples disclosed involve other insiders (e.g., Rowan sub-advisory fees; Belardi ADIP tender) .

Expertise & Qualifications

Governance/public policy leadership: Lt. Governor of Massachusetts; chairs AGM’s sustainability committee overseeing ESG, human capital, government relations, and public disclosures .
Academic leadership: President of Babson College; President Emerita; higher education trusteeships .
Policy and international engagement: CFR, Trilateral Commission; PJRA executive committee appointments by Secretaries Rice and Clinton .
Education: Harvard AB; Trinity College Dublin Ph.D. .

Equity Ownership

Item	Value
Beneficially owned common shares (as of Apr 1, 2025)	17,560
Shares outstanding (as of Apr 1, 2025)	570,432,275
Ownership % of shares outstanding	~0.0031% (derived from above)

Director stock ownership guidelines: Directors expected to hold at least 5× base annual cash retainer (base retainer currently $150,000) in company stock; compliance assessed annually; directors with ≥5 years exceed guideline; directors with <5 years (including newer appointees) are on track to meet guideline within five years .
Hedging/pledging: AGM insider trading policy prohibits speculative transactions, short-selling, and derivative hedges; limited exceptions for certain Apollo/Athene senior leaders for prepaid variable forwards/pledging under strict conditions; policy applies to directors, officers, employees .

Governance Assessment

Independence and committee leadership: Healey is an independent director and serves as Chair of a fully independent Sustainability & Corporate Responsibility Committee, which reinforces board oversight over ESG, human capital, and political contributions .
Engagement and attendance: Board met four times in 2024; every director attended ≥75% of Board and applicable committee meetings, indicating satisfactory engagement; independent director executive sessions occur periodically under the Lead Independent Director .
Compensation alignment: Director pay structure uses modest cash retainers and committee fees plus annual RSU grants with deferred settlement options, aligning directors with long-term shareholder outcomes; her 2024 mix was approximately 56% cash and 44% equity . Stock ownership guidelines (≥5× base retainer) further strengthen alignment; newer directors are on track to meet targets .
Conflicts and related-party exposure: No related-person transactions involving Healey were identified in the proxy’s disclosures; AGM’s related-party policy provides audit committee oversight and recusal framework; insider trading policy restricts hedging/pledging, mitigating alignment risks .
RED FLAGS: None disclosed specific to Healey (no low attendance, no related-party transactions, no hedging/pledging disclosures). Note: she received supplemental fees for ad hoc committee service, including chair duties, reflecting additional workload rather than pay anomalies per AGM’s policy on ad hoc committee compensation .