Linda Adamany
Coeur MiningAbout Linda L. Adamany
Independent director of Coeur Mining (CDE) since 2013; age 73; Certified Public Accountant; former BP plc executive (27 years) including CEO of BP Shipping, Executive Assistant to the Group CEO, and Group VP & Commercial Director of Refining & Marketing (then a $45B business). At Coeur, she chairs the Audit Committee and is designated the Audit Committee Financial Expert; she also serves on the Compensation & Leadership Development (CLD), Executive, and Nominating & Corporate Governance (NCG) committees. External roles include Independent Lead Director and N&G Chair at Jefferies Financial Group Inc., Compensation Chair at Vitesse Energy, Inc., and director of BlackRock Institutional Trust Company. Education: Accounting degree (magna cum laude) from John Carroll University; executive programs at Harvard, University of Cambridge, and Tsing Hua University (China).
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| BP plc | Multiple executive roles incl. CEO, BP Shipping; Executive Assistant to the Group Chief Executive; Group VP & Commercial Director, Refining & Marketing | ~1980–2007 (retired Aug 2007) | Led one of world’s largest private tanker operators; senior leadership in a cyclical extractive industry |
| National Grid plc | Non-executive Director | Nov 2006 – Nov 2012 | Board oversight at a large regulated utility |
| Amec Foster Wheeler plc | Non-executive Director | Oct 2012 – Oct 2017 (acquired by Wood) | Project management and engineering exposure |
| Wood plc | Non-executive Director | Oct 2017 – May 2019 | Project/engineering services to energy/industrial markets |
External Roles
| Organization | Role | Tenure | Committees/Notes |
|---|---|---|---|
| Jefferies Financial Group Inc. | Independent Lead Director; Chair, Nominating & Governance | Lead Director since Mar 2022; Director since Mar 2014 | Governance leadership at a global investment banking firm |
| Jefferies International Limited (subsidiary) | Independent Director; Chair, Remuneration Committee | Since Mar 2021 | Oversees executive pay at UK subsidiary |
| Vitesse Energy, Inc. | Non-executive Director; Chair, Compensation Committee | Since Jan 2023 | Compensation oversight |
| BlackRock Institutional Trust Company | Director | Since Mar 2018 | Fiduciary/asset management governance |
Board Governance
- Committee assignments (CDE): Audit Committee Chair; member of CLD, Executive, and NCG Committees. Audit Committee met 6x; CLD 6x; NCG 5x in 2024. She is identified as the Audit Committee Financial Expert.
- Independence: The Board determined all directors, including Ms. Adamany, are independent under NYSE and company standards (except the CEO). Audit and CLD committees meet heightened independence criteria.
- Attendance and engagement: The Board met 8x in 2024; each incumbent director attended at least 95% of Board and committee meetings; non-management independent directors held executive sessions at least eight times.
- Board leadership: CEO is also Chairman; the independent Lead Director (Mr. Thompson) presides over executive sessions and has robust agenda/information approval rights.
- Overboarding policy: Limits directors to four public company boards (two for sitting public-company executives). Used in annual director evaluations for commitment and performance.
- Stockholder engagement and say-on-pay: 2024 say-on-pay received >96% approval; independent directors available for direct investor engagement.
Fixed Compensation
Director pay structure and Ms. Adamany’s 2024 compensation.
- Structure (non-employee directors, 2024): $90,000 cash retainer; $100,000 in common stock or deferred stock units; additional fees for leadership/chair roles (Lead Independent Director $25,000; Audit Chair $25,000; CLD Chair $25,000; EHSCR Chair $25,000; Finance & Technical Chair $20,000; NCG Chair $15,000). No meeting fees.
| CDE Board/Committee Retainers (2024) | Amount ($) |
|---|---|
| Annual Cash Retainer | 90,000 |
| Annual Stock/Deferred Stock Unit Retainer | 100,000 |
| Lead Independent Director Retainer | 25,000 |
| Audit Committee Chair Retainer | 25,000 |
| CLD Committee Chair Retainer | 25,000 |
| EHSCR Committee Chair Retainer | 25,000 |
| Finance & Technical Committee Chair Retainer | 20,000 |
| NCG Committee Chair Retainer | 15,000 |
| Linda L. Adamany – 2024 Director Compensation | Amount ($) |
|---|---|
| Fees Earned or Paid in Cash | 115,000 |
| Stock Awards (grant-date fair value) | 87,029 |
| Total | 202,029 |
| Note: Elected to receive $21,250 of cash fees in CDE common stock | — |
Notes:
- Director equity awards are fully vested upon grant; no unvested/unexercised director equity outstanding as of 12/31/2024.
Performance Compensation
| Performance Metrics Applied to Non-Employee Director Pay | Details |
|---|---|
| None (director equity is time-based and fully vested at grant) | No performance-conditioned metrics apply to director compensation at CDE; equity is granted as common stock/DSUs and is fully vested upon grant. |
Other Directorships & Interlocks
- Current public boards: Jefferies Financial Group Inc. (Lead Independent Director; Chair N&G); Vitesse Energy, Inc. (Compensation Chair).
- Additional fiduciary role: Director, BlackRock Institutional Trust Company (since 2018).
- Compensation committee interlocks: None reported for CLD Committee members in 2024; no reciprocity with companies employing any CLD members or Coeur executives.
- Related person transactions: None with directors, director nominees, or executive officers since the beginning of 2024 under the Related Person Transactions Policy.
Expertise & Qualifications
- Financial/accounting expertise; Audit Committee Financial Expert; CPA.
- Deep extractive industry and cyclical business experience (BP; project management via Amec Foster Wheeler and Wood).
- Governance leadership across public and fiduciary boards (committee chair roles at Jefferies and Vitesse).
Equity Ownership
| Holder | Shares Beneficially Owned | % of Outstanding | Notes |
|---|---|---|---|
| Linda L. Adamany | 239,681 | <1% | As of Mar 5, 2025; shares outstanding 638,384,526. |
Ownership alignment policies:
- Director stock ownership guideline: 5x annual director cash retainer; five-year phase-in; unvested time-based RS/RSUs and DSUs count; unexercised options and unvested PSUs do not. The CLD Committee determined each director/executive has either met the guideline or remains within the compliance period.
- Hedging/pledging: Prohibited for all directors; no margin accounts or pledging of CDE securities by directors/executive officers.
Governance Assessment
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Strengths for investor confidence:
- Independent, financially sophisticated Audit Chair with CPA credentials and “audit committee financial expert” designation; committees composed solely of independent directors.
- High attendance (≥95%) and active independent director executive sessions (≥8x), indicating robust oversight and engagement.
- Pay alignment and ownership: meaningful equity retainer; strict anti-hedging/pledging; peer-leading stock ownership guidelines; 2024 say-on-pay approval >96%.
-
Potential watch items:
- External affiliations: Director at BlackRock Institutional Trust Company while BlackRock, Inc. reported ~5.69% ownership of CDE; no related person transactions disclosed and independence affirmed, but investors may monitor perceived influence risks.
- Workload: Multiple external board/committee leadership roles; within CDE’s overboarding limit (≤4 public boards), but time commitments should be monitored given Audit Chair responsibilities.
No RED FLAGS identified by the company in 2024–2025 for related-party transactions, hedging/pledging, or compensation interlocks.