Shelley Stewart Jr.
CLEAN HARBORSAbout Shelley Stewart Jr.
Independent Class I director at Clean Harbors since 2022; age 71. Former Chief Procurement Officer at DuPont (2012–2018) with 19 years at United Technologies and senior supply-chain roles at Tyco, Raytheon, and Invensys; currently Managing Partner at Bottom Line Advisory LLC. Education: BS and MS in criminal justice (Northeastern University) and MBA (University of New Haven). Core credentials: logistics, procurement, global sourcing, operational excellence; financially literate Audit Committee member and Environmental, Health & Safety (EHS) Committee member .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| DuPont | Chief Procurement Officer; led procurement, global sourcing & logistics, real estate & facility services | 6 years (2012–2018); retired 2018 | Led enterprise supply chain; operational improvement focus |
| Tyco International | SVP Operational Excellence; Chief Procurement Officer; oversaw Lean Six Sigma initiatives | Nearly a decade (years not specified) | Process excellence and procurement transformation |
| United Technologies Corporation | Multiple global sourcing positions | 19 years | Deep OEM supply chain expertise |
| Raytheon | Senior executive supply chain positions | Not disclosed | Defense supply chain leadership |
| Invensys PLC | Senior executive supply chain positions | Not disclosed | Industrial operations and sourcing |
External Roles
| Company | Ticker | Role | Committees |
|---|---|---|---|
| Otis Worldwide Corporation | NYSE: OTIS | Director | Nominating & Governance; Audit |
| Kontoor Brands Inc. | NYSE: KTB | Director | Nominating & Governance; Audit |
| Howard University | — | Board of Trustees | Governance role (non-profit) |
| University of New Haven | — | Board of Governors | Governance role (academic) |
No Clean Harbors–disclosed related-party transactions involving Stewart; independence affirmed by Board .
Board Governance
- Independence: Determined independent under NYSE standards; Board lists Shelley Stewart Jr. among independent non-employee directors .
- Committees: Audit (financially literate) and Environmental, Health & Safety .
- Attendance: Board held six meetings in 2024; overall attendance >95% and each director ≥75% .
- Committee activity: Audit Committee met six times; EHS Committee met four times in 2024 .
- Stock ownership/insider policy: Directors must hold stock valued at 5× annual retainer; hedging, pledging, margin accounts, and short sales prohibited .
- Board structure: Staggered board with independent Lead Director; committees comprised solely of independent directors .
Fixed Compensation
| Component | 2024 Amount | Notes |
|---|---|---|
| Annual cash retainer | $90,000 | Standard non-employee director retainer |
| Committee chair/member fees | $0 for Stewart (no chair premium) | Chair premia apply to designated chairs; Stewart not chair |
| Meeting fees | $0 | No meeting fees; expenses reimbursed |
| 2024 cash earned | $90,000 | Stewart’s fees earned |
| Total 2024 compensation | $269,656 | Cash $90,000 + stock $179,656 |
Performance Compensation
| Equity Type | Grant Date | Shares | Grant-Date Fair Value | Vesting | Performance Metrics |
|---|---|---|---|---|---|
| Restricted shares (time-based) | May 21, 2024 (post annual meeting) | 836 | ~$179,656 | Vests at start of 2025 annual meeting, subject to continued service | None; time-based vesting only |
| Options | — | — | — | Not granted | Company has not granted director options; none outstanding |
Directors received 836 restricted shares post-2024 annual meeting; value based on closing price on grant date; vest at 2025 annual meeting .
Other Directorships & Interlocks
| External Board | Potential Interlock with CLH | CLH Disclosure |
|---|---|---|
| Otis Worldwide (OTIS) | Industrial OEM; no CLH interlock disclosed | Independent; no related-party transactions disclosed |
| Kontoor Brands (KTB) | Consumer apparel; no CLH interlock disclosed | Independent; no related-party transactions disclosed |
Expertise & Qualifications
- Logistics, supply chain, procurement leadership; operational excellence/Lean Six Sigma experience .
- Financial literacy for Audit Committee; risk, controls, related-party oversight exposure through Audit Committee work .
- EHS oversight experience; alignment with Clean Harbors’ regulatory/safety profile .
- Academic and non-profit governance experience; stakeholder engagement credentials .
Equity Ownership
| Holder | Shares Beneficially Owned | % of Outstanding | Notes |
|---|---|---|---|
| Shelley Stewart Jr. | 3,082 | <1% | As of March 24, 2025; address c/o CLH HQ |
| Director ownership guidelines | 5× annual cash retainer required | — | All directors and execs were in compliance as of Dec 31, 2024 |
| Hedging/Pledging | Prohibited | — | No margin, pledging, hedging, or short sales |
Governance Assessment
-
Strengths
- Independent director with audit literacy and EHS oversight; supports board effectiveness in financial integrity and safety compliance .
- Solid ownership alignment: equity retainer via restricted shares; company enforces robust ownership guidelines and prohibits hedging/pledging .
- Active committees; Board and committees showed strong meeting cadence and attendance in 2024 .
- Broad external board experience on audit and nom/gov committees; enhances governance acumen .
- Shareholder support context: Say-on-pay approved with 95.14% in 2024, signaling favorable governance sentiment .
-
Watch items
- Multiple external public boards: within CLH guideline (limit four total for non-CEO directors), but continued monitoring for time commitment/overboarding risk advisable .
- No director-specific attendance disclosed; only aggregate Board/committee stats—monitor individual engagement trends when available .
- Related-party transactions disclosed for family members of Executive Chairman; none for Stewart, but audit oversight remains critical .
-
Conflicts/RED FLAGS
- No Stewart-related party transactions or pledging disclosed; independence affirmed. Company prohibits hedging/pledging; no director options or repricing practices—no red flags identified for Stewart .