Liam Krehbiel - Director | Adtalem Global Education (ATGE) Executive Profile & Compensation

About Liam Krehbiel

Independent director of Adtalem Global Education (ATGE); age 49; joined the board in 2022. He is CEO and founder of Topography Hospitality (since 2021) and co‑owner of Ballyfin Demesne (Ireland). Education: BA (Dartmouth College) and MBA (Northwestern Kellogg; double concentration in finance and marketing). Current ATGE board committees: Compensation and External Relations .

Past Roles

Organization	Role	Tenure	Committees/Impact
Topography Hospitality, LLC	Chief Executive Officer & Founder	2021–present	Entrepreneurial operator; hospitality leadership
Ballyfin Demesne (Ireland)	Co‑owner	2011–present	Luxury hotel co‑ownership; global service sector exposure
A Better Chicago (venture philanthropy)	Founder; CEO	2010–2019	Scaled education nonprofits; focus on low‑income students
Bain & Company	Management Consultant	2007–2010	Strategy and operations consulting
Edna McConnell Clark Foundation	Program work	Pre‑2007	Philanthropy focused on youth outcomes

External Roles

Organization	Role	Tenure	Notes
A Better Chicago	Director	Current	Venture philanthropy board role
One Future Illinois	Director	Current	Non‑profit board role
Civic Consulting Alliance	Director	As of 2023	Chicago civic organization (disclosed in 2023 proxy)
The Civic Federation	Trustee	As of 2023	Illinois civic fiscal policy body (disclosed in 2023 proxy)

No current public company directorships disclosed for Krehbiel .

Board Governance

Independence: The board determined all non‑employee directors—including Krehbiel—are independent under NYSE rules; only CEO Stephen Beard and former CEO Lisa Wardell are not independent .
Committee assignments (FY25): Compensation Committee (member; 4 meetings); External Relations Committee (member; 4 meetings). Compensation Committee chaired by Michael Malafronte; External Relations chaired by Donna Hrinak .
Board attendance: Board met 5 times in FY25; each director attended at least 75% of board and committee meetings .
Governance practices: Related‑party transactions are reviewed/approved by Audit & Finance; none required approval or disclosure in FY25 .
Hedging/pledging: Company policy prohibits hedging and pledging of ATGE stock by employees and directors .

Fixed Compensation (Director)

Component	Amount/Terms	Date/Period	Notes
Annual cash retainer	$85,000	FY25	Paid quarterly
Annual RSU grant	1,560 RSUs; grant‑date value $140,166	Nov 13, 2024	One‑year vest at grant anniversary; value based on $89.85/share
Committee chair fees	$0	FY25	Not a committee chair (chair fees apply only to chairs)
Total reported compensation	$225,166	FY25	Sum of cash and RSU grant

Note: The FY25 director compensation table lists “William Krehbiel”; context indicates this is Liam Krehbiel. Amounts above reflect that line item .

Performance Compensation (Director)

Directors receive time‑based RSUs; no performance‑conditioned equity (PSUs/options) for non‑employee directors. Annual grant equals ~$140,000 in RSUs, vesting one year post‑grant .
ATGE policy allocates 60% of non‑employee director compensation (excluding chair role fees) in RSUs to align with shareholders .

Equity Grant Type	Grant Value	Shares	Vesting	Notes
RSUs (annual)	$140,166	1,560	1 year	Granted post‑annual meeting; one share per RSU

Other Directorships & Interlocks

Public company boards: None disclosed for Krehbiel .
Compensation committee independence and insider participation: FY25 Compensation Committee members (including Krehbiel) were independent; no related‑person transactions; no interlocks with other companies’ compensation committees involving ATGE executives .

Expertise & Qualifications

Skills matrix highlights: Considerable expertise in education sector trends, strategy, governance, and human capital management; some expertise in technology, compensation, and finance/financial planning .
Mission alignment: Venture philanthropy background focused on improving education for low‑income communities aligns with ATGE’s access‑driven healthcare education mission .

Equity Ownership

Measure	Shares/Value	As of	Notes
Common stock beneficially owned (excluding derivatives)	13,719	Sep 23, 2025	Individual/direct and household holdings
RSUs scheduled to vest within 60 days	1,560	Sep 23, 2025	One‑year director grant vesting around Nov 13, 2025
Total beneficial ownership (incl. near‑term vesting)	15,279	Sep 23, 2025	Sum of above
Ownership as % of shares outstanding	~0.042%	Sep 23, 2025	15,279 / 36,331,234 shares outstanding
Stock ownership guideline	≥3x annual retainer	Ongoing	Non‑employee director guideline
Guideline compliance	Met (phase‑in caveat)	FY25	“All NEOs and directors not in phase‑in met minimum ownership”
Hedging/pledging	Prohibited	Policy	Insider‑trading policy bans hedging/pledging

Governance Assessment

Committee effectiveness: Active participation on Compensation and External Relations committees; both met 4 times in FY25, covering CEO pay oversight, incentive pools, public policy/compliance, and reputational risk .
Independence & attendance: Independent status affirmed; attendance threshold met (≥75%) .
Alignment & incentives: Director pay mix (60% RSUs) and 3× retainer ownership guideline support shareholder alignment; compliance reported for directors beyond phase‑in .
Conflicts/related party: No FY25 related‑party transactions disclosed; Audit & Finance committee pre‑screens any such items; red‑flag exposure low .
RED FLAGS: None evident from FY25 disclosures specific to Krehbiel. Note minor data quality issue with name (“William Krehbiel” in director comp table) but compensation details appear to correspond to Liam Krehbiel .

Broader board practices include annual self‑assessment, shareholder outreach (reaching >70% of shares), and continuous governance enhancements; these bolster investor confidence in board oversight quality .