Rebecca Yeung

About Rebecca Yeung

Independent director since January 2023 (age 53 in the 2025 proxy), Yeung retired from FedEx Corporation on December 31, 2024 as Corporate Vice President, Operations Science & Advanced Technology after nearly three decades in strategy and operations technology roles; she holds a degree from Fudan University and an MBA from the University of Maryland . She serves on CMCO’s Corporate Governance & Nomination Committee and is considered an independent director; all board committees are entirely independent . Yeung also serves on the board of Royal Caribbean Cruises Ltd. (NYSE: RCL) since 2023, and was recognized by Reuters Events in 2024 among “Top 20 Trailblazing Women” in enterprise AI deployment .

Past Roles

External Roles

Board Governance

• Committee assignments: Member, Corporate Governance & Nomination Committee; FY25 chair is Aziz S. Aghili; other independent members are Kathryn V. Bohl and Jeanne Beliveau-Dunn; FY25 meetings: 4 .
• Independence and structure: Yeung is an independent director; all board committees are comprised solely of independent directors .
• Attendance: In FY2025, the Board met 6 times; each director attended at least 75% of Board and committee meetings on which they served and attended the 2024 Annual Meeting .
• Board skills matrix: Yeung brings operations technology, global experience, M&A exposure, sales/marketing, finance perspective, gender and ethnic diversity to the board’s skills mix .

Fixed Compensation

Director compensation program (FY2025):

• Annual cash retainer: $90,000; Chair of the Board: $80,000; Lead Independent Director: $45,000; Committee Chair fee: $20,000; equity grant: 3,514 shares of common stock that vest immediately; director nonqualified deferred compensation plan available .

Yeung’s director compensation (reported):

Notes:

• FY2024 program specified 3,168 shares vested immediately for each non-employee director’s equity retainer; FY2025 specified 3,514 shares vested immediately .
• Some directors elected to defer equity grants under the plan; disclosures do not indicate Yeung deferred in FY2025 .

Performance Compensation

• Non-employee director equity grants are time-based and vest immediately; no performance-vesting metrics for director compensation are disclosed in the proxy .
• Company-wide governance features include prohibition on hedging/pledging, double-trigger equity acceleration upon a change in control, and a clawback policy broader than SEC requirements (program-level features) .

Equity grant features (program-level):

Other Directorships & Interlocks

Expertise & Qualifications

• Operations technology expertise including AI-enabled robotics, warehouse/supply chain automation, and data-centered logistics; deep Asia knowledge and global experience .
• Skills matrix indicates coverage across M&A, human capital management, operations, brand/new product development, global experience, sales/marketing, and finance; contributes gender and ethnic diversity .
• Recognized by Reuters Events in 2024 for leadership in enterprise AI deployment .

Equity Ownership

Ownership alignment policies:

• Director stock ownership guideline updated in May 2021 to 5x total cash compensation retainer within 5 years of joining the Board; prior fixed-share thresholds (9,000–12,000) were superseded; prior equity grants (vested/unvested) count toward compliance .
• Based on a January 2023 start, policy implies a compliance window through 2028 under the 5-year guideline .
• Hedging, pledging, short sales, and derivative transactions in company stock are prohibited .

Governance Assessment

• Strengths

  • Independent director with strong operations technology and AI/automation credentials aligned to CMCO’s automation and digitization strategy; contributes global/Asia expertise and diversity dimensions .
  • Active on the Corporate Governance & Nomination Committee, which met 4 times in FY25; all committees are comprised entirely of independent directors; Board conducted self-evaluations and maintained strong attendance .
  • Director pay mix balances cash and equity; equity vests immediately but ownership guideline (5x retainer in 5 years) and anti-hedging/pledging policy support alignment .

• Watch items

  • External board at RCL increases network breadth; no conflicts disclosed, but continued monitoring for any CMCO–RCL commercial ties is prudent (none identified in the proxy excerpts reviewed) .
  • Yeung is still within the five-year window to meet the updated ownership guideline (through 2028); monitor progress toward guideline compliance over time .

• Process/compensation oversight

  • Director compensation reviewed annually by the Corporate Governance & Nomination Committee in collaboration with the Human Capital, Compensation & Succession Committee using Meridian as independent consultant; FY2025 program deemed appropriate versus benchmarks .

RED FLAGS: None disclosed for Yeung regarding attendance shortfalls, related-party transactions, hedging/pledging, or option repricing in the materials reviewed .