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Carl D. Anderson II

Senior Vice President and Chief Financial Officer at Axalta Coating Systems
Since August 14, 2023
Age
55 years
Education
Earned an MBA in business administration from Wayne State University and a bachelor's degree in Economics from Michigan State University.
Tenure
Joined Axalta on August 14, 2023 and currently serves as Senior Vice President and Chief Financial Officer.

Also at Axalta Coating Systems

AT
Alex Tablin-Wolf
Senior Vice President, General Counsel & Corporate Secretary
AT
Amy Tufano
Senior Vice President and Chief Human Resources Officer

About

Carl D. Anderson II is the Senior Vice President and Chief Financial Officer at Axalta, having joined the organization on August 14, 2023.

Previously, he held financial leadership roles at XPO, Inc., where he served as CFO from November 2022 to August 2023, and at Meritor, Inc., where he was Senior Vice President and CFO from March 2019 to October 2022, among other roles during a 16-year tenure.

He earned an MBA from Wayne State University and a bachelor's degree in Economics from Michigan State University, which laid the foundation for his extensive career in financial management and strategy.

While his professional background is marked by significant contributions in financial leadership and strategic planning, personal details outside his career are not documented.

Past Roles

OrganizationRoleDate RangeDetails
XPO, Inc. Chief Financial Officer November 2022 - August 2023 N/A
Meritor, Inc. Senior Vice President & Chief Financial Officer March 2019 - October 2022 Held various roles including Group VP, Finance; Treasurer; Assistant Treasurer; and Director, International Capital Markets, Risk Management and Corporate Insurance during his 16-year tenure
General Motors Acceptance Corporation Treasury and Financial Planning Roles N/A N/A
First Chicago Corporation Various Roles (career inception) N/A Began his career at this organization

Fixed Compensation

Data from  FY 2023
Component NameAmountPayment ScheduleAdditional Details
2023 Base Salary Paid$255,769 Annual (2023 payout)Base salary paid for 2023.
Initial Annual Base Salary$665,000 AnnualGuaranteed starting pay.
Sign-On Cash Bonus$500,000 One-time upon joiningRepayment required if terminated or for Cause before 2nd anniversary.
Relocation Assistance$75,000 One-time upon relocationRepayment required if terminated or for Cause before 1st anniversary.
Employer Contribution to 401(k)$6,906 PeriodicFixed contribution amount.
Individual Liability Insurance$2,226 AnnualProvided as a benefit.
Individual Disability Insurance$810 AnnualProvided as a benefit.
Salary Severance$665,000 Upon termination without Cause/resignation for Good ReasonPayment upon termination without Cause or resignation for Good Reason.
Bonus Severance$598,500 Upon termination without Cause/resignation for Good ReasonBonus severance component.
Other Severance$20,201 Upon termination without Cause/resignation for Good ReasonOther severance component.

Performance Compensation

Data from  FY 2023

Annual Bonus Plan

ComponentMetricValueWeight/ConditionAdditional Details
Annual Bonus TargetTarget Bonus Amount$598,500 N/ASet for the 2023 performance period.
Financial PerformanceWeighted Financial Performance136% 80% weightBased on financial criteria.
Individual PerformanceWeighted Individual Performance19% 20% weightBased on individual performance.
Payout ConversionWeighted Bonus Payout Percentage155% N/ADetermines conversion to actual payout.
Bonus Actual AwardActual Award$928,872 N/AActual cash bonus paid based on performance.

Performance Share Units (PSUs)

ComponentPerformance MetricThreshold / Target / MaxVesting ScheduleAdditional Details
PSUsAdjusted EBITDAThreshold: 50% of target, Target: 100%, Max: 200% Three-year performance period; vesting determined in 2026 Vesting subject to continued employment; awards can range from 0% to 200% of the target award based on performance conditions.
PSUsRelative Total Shareholder Return (TSR)Threshold: 25th percentile (50% of target), Target: 50th percentile (100%), Max: 75th percentile (200%) Three-year performance period; vesting determined in 2026 Conditions include comparative market performance versus industry peer group.
  • Grant Date for PSUs: August 14, 2023.
  • Grant Date Fair Value: The combined grant date fair value for stock awards (PSUs and RSUs) is $5,249,957.

These details outline the performance compensation components for 2023, including the cash-based Annual Bonus Plan and the performance-based PSUs with their respective metrics, targets, thresholds, weights, vesting conditions, and evaluation period.