Andrea Hyde
About Andrea Hyde
Andrea Hyde, age 60, is an independent director of Arhaus (ARHS), serving on the board since 2021 and previously on the Arhaus, LLC board since January 2018. She is founder and President of Hyde & Chic Inc. and formerly CEO of Draper James (2014–2017), President of Burch Creative Capital, President & CEO of French Connection USA, and SVP of Global Marketing & Communications at Kenneth Cole; earlier roles included senior management at The Gap/Old Navy and positions at Estée Lauder and Calvin Klein, reflecting deep expertise in retail brand building and omni-channel strategy . The board has determined Ms. Hyde to be independent under Nasdaq and SEC rules .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Hyde & Chic Inc. | Founder & President | Jan 2018–present | Growth strategy advisory for lifestyle retail |
| Draper James | Chief Executive Officer | 2014–2017 | Led brand expansion and operations |
| Burch Creative Capital | President | Not disclosed | Brand development leadership |
| French Connection USA | President & CEO | Not disclosed | U.S. retail leadership |
| Kenneth Cole Productions | SVP, Global Marketing & Communications | Not disclosed | Global brand marketing |
| The Gap / Old Navy | Senior management (Marketing; concept team for Old Navy) | Not disclosed | Omni-channel, concept development |
| Estée Lauder; Calvin Klein | Various roles (early career) | Not disclosed | Brand and marketing foundations |
External Roles
| Organization | Role | Tenure |
|---|---|---|
| Awake Chocolate | Director | Since 2022 |
Board Governance
| Committee | Hyde Role | Chair | Meetings (2023) | Meetings (2024) |
|---|---|---|---|---|
| Audit | Member | John Kyees | 7 | 9 |
| Nominating & Corporate Governance | Chair | Andrea Hyde | 7 | 5 |
| Real Estate | Member | Gary Lewis | 5 | 3 |
- Independence: The board affirmed Hyde’s independence under Nasdaq/SEC rules .
- Attendance: The board met 6 times in 2023 and 8 times in 2024, with each director attending >75% of aggregate board/committee meetings; all directors attended the 2023 annual meeting, and all in 2024 except Mr. Doody .
Fixed Compensation
| Metric | FY 2023 | FY 2024 |
|---|---|---|
| Annual cash retainer (non-employee directors) | $75,000 | $80,000 |
| Audit Chair fee | $20,000 | $20,000 |
| Comp/Nom&Gov/Real Estate/Technology Chair fee | $15,000 | $15,000 |
| Lead Independent Director fee | $30,000 | $30,000 |
| Andrea Hyde | FY 2023 | FY 2024 |
|---|---|---|
| Fees Earned or Paid in Cash | $90,000 | $95,000 |
| Stock Awards (grant-date fair value, RSUs) | $110,004 | $110,014 |
| Total | $200,004 | $205,014 |
- RSU grants for non-employee directors generally vest one year after grant; 2023 awards granted May 18, 2023 vested May 18, 2024; 2024 awards granted May 16, 2024 vest May 16, 2025 .
Performance Compensation
| Year | Grant Date | Instrument | Units | Fair Value | Vesting Date | Vesting Terms |
|---|---|---|---|---|---|---|
| 2024 | May 16, 2024 | RSUs | 6,700 (unvested as of Mar 17, 2025; vest within 60 days) | $110,014 | May 16, 2025 | Time-based; accelerates upon service termination other than removal per bylaws |
| 2023 | May 18, 2023 | RSUs | Not disclosed | $110,004 | May 18, 2024 | Time-based annual grant |
- No option awards or director PSUs disclosed; director equity is time-based RSUs; no performance metrics apply to director compensation .
Other Directorships & Interlocks
| Company | Public/Private | Role | Since |
|---|---|---|---|
| Awake Chocolate | Not disclosed | Director | 2022 |
- Compensation Committee interlocks: The company reports no compensation committee interlocks; Hyde is not a member of the Compensation Committee .
Expertise & Qualifications
- Retail brand-building, marketing, and omni-channel platform development; extensive leadership across lifestyle brands (Draper James, French Connection, Kenneth Cole, Gap/Old Navy) .
- Governance leadership as Chair of Nominating & Corporate Governance; oversight experience on Audit and Real Estate committees .
Equity Ownership
| Metric (as of Mar 17, 2025) | Value |
|---|---|
| Class A shares beneficially owned | 40,401 |
| Ownership as % of shares outstanding | <1% (“*” in proxy) |
| Unvested RSUs | 6,700; vest within 60 days |
| Pledged or hedged shares | Company policy prohibits hedging and pledging by directors and executive officers |
Governance Assessment
- Strengths: Independent status; chairs Nominating & Corporate Governance and sits on Audit and Real Estate—indicating robust engagement; >75% attendance threshold met; director equity grants align interests via time-based RSUs; prohibited hedging/pledging policy enhances alignment .
- Compensation mix: Cash retainer increased from $75k to $80k YoY; equity fair value consistent at ~$110k; Hyde’s cash fees rose $5k in FY 2024, reflecting broader program changes rather than individual anomalies .
- Potential conflicts: No related-party transactions disclosed involving Hyde; note the board’s real estate consulting arrangement with Director Gary Lewis (fees up to $120,000 annually; $36,000 recorded in FY 2024) was reviewed and deemed not to impair independence—contextual governance risk to monitor but not Hyde-specific .
- Structure context: Combined CEO/Chairman with a Lead Independent Director (Adams) places added emphasis on committee leadership and independent oversight; Hyde’s chair role on Nominating & Corporate Governance is a positive governance counterbalance .