Pamela Fletcher
ChemoursAbout Pamela F. Fletcher
Pamela F. Fletcher (age 58) is an independent director of The Chemours Company (CC) since 2024. She is CEO of Sion Power and previously served as SVP & Chief Sustainability Officer at Delta Air Lines and held multiple senior engineering and innovation roles at General Motors; she holds a Bachelor’s in engineering from Kettering University and a Master’s in engineering from Wayne State University . The Board has affirmatively determined she is independent under NYSE standards .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Sion Power Corporation | Chief Executive Officer | 2024–Present | Leads development of next‑generation lithium‑ion rechargeable batteries |
| Delta Air Lines | SVP, Chief Sustainability Officer | 2022–2023 | Built aviation decarbonization strategy; embedded sustainability in fleet and ground operations |
| General Motors | VP, Global Innovation | 2018–2022 | Led commercialization of new mobility products and solutions |
| General Motors | VP, Electric Vehicles | 2017–2018 | Advanced GM’s EV portfolio |
| General Motors | Executive Chief Engineer, Autonomous & EVs | 2012–2016 | Key engineering leadership across EV/autonomous technologies, including “Super Cruise” |
| General Motors | Chief Engineer, Chevrolet Volt Propulsion | 2008–2011 | Propulsion systems leadership for Chevrolet Volt |
| General Motors | Assistant Chief Engineer, Hybrid & Electrified Vehicles | 2005–2007 | Early hybrid/electrification programs |
External Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Lumentum Holdings | Director | 2023–Present | Public company board experience |
| Coherent Inc. | Director | 2017–2022 | Optics/laser industry governance |
| UNC Charlotte College of Engineering | Advisory Board Member | 2000–Present | Engineering education/industry interface |
Board Governance
- Committee assignments: Compensation & Leadership Development Committee (CLDC) and Nominating & Corporate Governance Committee (NCG) .
- Chair roles: None (CLDC Chair is Sean D. Keohane; NCG Chair is Mary B. Cranston) .
- Independence: Board determined all non‑employee director nominees, including Fletcher, are independent .
- Attendance and engagement: Each director attended at least 75% of Board/committee meetings; Board met 19 times in 2024; CLDC held 8 meetings; NCG held 5 meetings . Independent directors led shareholder outreach engaging holders of nearly 50% of outstanding shares . Executive sessions of independent directors occur at each regularly scheduled Board meeting .
Fixed Compensation
| Component | Amount | Notes |
|---|---|---|
| Annual Cash Retainer | $105,000 | Cash, eligible for deferral under Directors Deferred Compensation Plan |
| Annual Equity Award | $160,000 | Shares of common stock or DSUs; grant date valuations at $27.50 (May 8, 2024) and $18.72 (Aug 6, 2024) |
| Chair Retainers (structure) | Audit: $22,500; CLDC: $17,500; NCG: $17,500; EHS&O: $17,500 | Not applicable to Fletcher in 2024 |
| Meeting Fees | None | Company reimburses reasonable expenses |
| 2024 Realized (Fletcher) | Cash $105,000; Stock Awards $199,985; Total $304,985 | Reflects grant date fair value of awards |
Performance Compensation
| Metric Category | Applicability to Non‑Employee Directors |
|---|---|
| Performance‑based cash metrics (AIP) | Not applicable to directors; AIP applies to executives |
| PSUs/Options with performance hurdles | Not used for director annual grants; directors receive shares or DSUs (time‑based) |
| Deferrals and dividend equivalents | DSUs accrue dividend equivalents; cash deferrals accrue interest at average 30‑year Treasury rate |
Other Directorships & Interlocks
- Current public boards: Lumentum Holdings (since 2023) .
- Prior public boards: Coherent Inc. (2017–2022) .
- Committee interlocks: None; CLDC disclosed no interlocks or insider participation in 2024 .
- Related‑party/transactions: Company policy requires NCG review/approval; Company states no related person had a material interest in Company transactions since the beginning of FY2024 .
Expertise & Qualifications
- R&D and Technological Innovation; EV/autonomous systems; “Super Cruise” contributions .
- EHS & Sustainability leadership (Delta decarbonization) .
- Risk management across regulatory, market, and supply‑chain dynamics in EV/transport .
- Degrees: BS (Kettering University); MS (Wayne State University) .
Equity Ownership
| Holder | Direct | Indirect | Right to Acquire (within 60 days) | Total Beneficial Ownership | Percent of Class |
|---|---|---|---|---|---|
| Pamela F. Fletcher | 0 | 0 | 10,291 (DSUs) | 10,291 | <1% (*) |
- Director ownership guidelines: Must hold at least 6× cash retainer in CC stock/DSUs; 5 years to attain; all non‑employee directors either meet or are on‑track .
- Hedging/pledging: Anti‑hedging policy; pledging prohibited without special exception .
Governance Assessment
- Strengths: Independent status; dual committee roles (CLDC and NCG) at a time of enhanced compensation governance and board refresh; active Board engagement with shareholders; strong anti‑hedging/pledging and related‑party oversight; attendance thresholds met; DSU holdings align economic interests over multi‑year horizon .
- Strategic fit: Deep EV/battery and sustainability expertise aligns with CC growth pillars in semiconductors, EV batteries, and sustainability oversight, potentially strengthening committee deliberations (CLDC metrics, NCG governance/sustainability) .
- Watch items: External CEO role (Sion Power) creates time‑commitment demands; continued monitoring of attendance and engagement advisable. Company discloses no material related‑party transactions and has formal NCG oversight to manage any potential exposure .