Kathie Andrade
BRINKSAbout Kathie J. Andrade
Kathie J. Andrade (age 64) is an independent director of The Brink’s Company (BCO), serving since 2019. She is the former CEO of TIAA Retail Financial Services and Chairman of TIAA Federal Savings Bank, with prior senior roles at Bank of America. Her board skills emphasize financial services, strategy, risk management, governance, and technological innovation . Tenure on Brink’s board: 6 years as of the 2025 proxy .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| TIAA (Federal Savings Bank; Retail Financial Services) | CEO of Retail Financial Services; Chairman of TIAA Federal Savings Bank | 2016–2018 | Led consumer financial services; governance oversight |
| TIAA | COO, Individual Advisory Services; President, TIAA Services Broker-Dealer; Head of Individual Advisory Services | 2008–2016 | Strategy, risk management, advisory operations |
| Bank of America | Senior management roles incl. COO for alternative investments and COO/CTO for wealth management | 1986–2008 | Operations/technology leadership; alternative investments oversight |
External Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Grange Insurance (private) | Director | Current | Strategy & Finance; Human Capital; Governance committees |
| Lincoln Investments (private) | Director | Current | Board member |
| Waddell & Reed Financial, Inc. (NYSE: WDR) | Director | 2019–2021 | Public company board experience |
Board Governance
- Independence: The Board affirmatively determined Ms. Andrade was independent in 2024 under NYSE standards; Audit and Compensation Committee members met heightened independence requirements .
- Committees: Audit & Ethics Committee (member); Corporate Governance & Nominating Committee (Chair) .
- Financial Expertise: Designated “Audit Committee Financial Expert” and financially literate under NYSE standards .
- Attendance and engagement: Board met 5 times in 2024; all incumbent directors attended at least 75% of Board and committee meetings; all directors attended the 2024 Annual Meeting. Independent directors meet regularly in executive sessions .
- Committee activity: Audit Committee held 7 meetings in 2024 .
Fixed Compensation
2024 non-employee director compensation (Brink’s Company):
| Component | Amount ($) |
|---|---|
| Fees Earned or Paid in Cash | 112,500 |
| Stock Awards (DSUs, grant date May 2, 2024) | 149,921 |
| Total | 262,421 |
Deferred Stock Units detail (2024 grant):
| Metric | Value |
|---|---|
| DSUs Granted in 2024 | 1,705 |
| Grant Date Fair Value | 149,921 (based on NYSE closing price on May 2, 2024) |
| Total DSUs Held (as of 12/31/2024) | 1,705 |
Program notes:
- DSUs under the 2024 Equity Incentive Plan; grant value computed per ASC 718 .
- Brink’s does not sponsor pension benefits, non-qualified deferred compensation, or non‑equity incentive plans for directors .
Performance Compensation
| Performance-Linked Element | Status |
|---|---|
| Annual cash bonus | Not applicable for directors |
| Performance share units (PSUs) | Not applicable for directors |
| Option awards | Not disclosed for directors; Andrade’s stock awards are DSUs |
| Performance metrics (TSR, revenue, EBITDA, ESG) | Not applicable for director pay; no non-equity incentive plan for directors |
Other Directorships & Interlocks
| Entity | Type | Relationship to Brink’s |
|---|---|---|
| Grange Insurance | Private | No interlocks with Brink’s disclosed; committee roles noted |
| Lincoln Investments | Private | No interlocks disclosed |
| Waddell & Reed Financial (NYSE: WDR) | Public (prior) | Former directorship (2019–2021); no current interlock disclosed |
Expertise & Qualifications
- Financial services leadership (TIAA, Bank of America) and governance acumen; brings deep understanding of risk management, strategy, and technological innovation to Brink’s Board .
- Audit committee financial expertise designation underscores aptitude for financial reporting oversight .
Equity Ownership
Beneficial ownership as of March 3, 2025:
| Holding | Amount | Notes |
|---|---|---|
| Shares Beneficially Owned | 10,974 | Less than 1% of outstanding shares; base of 43,140,100 shares |
| Other Units (DSUs) | 1,705 | DSUs credited; Andrade joined Board after DSAP plan expiry and holds no DSAP units |
Footnotes:
- None of the listed individuals beneficially owns more than 1% of Brink’s outstanding common stock .
Governance Assessment
- Strengths: Independent director; CGC Chair; Audit Committee Financial Expert; consistent engagement (board met five times; all directors ≥75% attendance; executive sessions without management) . Compensation mix emphasizes equity via DSUs, aligning director interests with shareholders .
- Alignment: Holds common shares (10,974) plus DSUs (1,705), providing “skin in the game” through both direct and deferred equity exposure .
- RED FLAGS: None disclosed regarding related-party transactions, pledging, or incentive pay anomalies specific to directors; Brink’s notes no director non-equity incentive plans/pensions, which limits pay complexity for non‑employee directors .
- Watch items: Beneficial ownership is <1%; no explicit director stock ownership guideline multiple disclosed in the proxy excerpts provided. Continue monitoring committee leadership transitions and any changes in director compensation structure year-over-year.
Committee summary (current):
- Audit & Ethics Committee: Member; audit financial expert; financially literate .
- Corporate Governance & Nominating Committee: Chair .