Åsa Tamsons
About Åsa Tamsons
Independent non-executive director of CNH since 2021; age 43. Senior Vice President and Head of Business Area Enterprise Wireless Solutions at Ericsson and a member of Ericsson’s Executive Team; prior roles include leading Ericsson Technologies & New Businesses (2018–2023), Group Strategy/M&A/Corporate VC (2018–2020), and Partner at McKinsey (2006–2017). Master of Science in Business Administration from the Stockholm School of Economics; born in 1981, Swedish citizen. Committee assignment: Audit Committee member; designated an Audit Committee financial expert by CNH’s Board .
Past Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| McKinsey & Company | Partner | 2006–2017 | Served tech, telecom and industrial clients across multiple geographies (Stockholm, Paris, Singapore, San Francisco, São Paulo) . |
| Ericsson | Head of Business Area Technologies & New Businesses | 2018–2023 | Drove growth in new business areas; portfolio included IPR & Licensing, iconectiv, and growth businesses in fintech, adtech, enterprise connectivity and security . |
| Ericsson | Group Strategy, M&A, Corporate Venture Capital (additional responsibility) | 2018–2020 | Responsible for Ericsson’s strategy, M&A, and CVC investments . |
External Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Ericsson | SVP & Head, Enterprise Wireless Solutions; Executive Team member | Current | Focus on establishing enterprise 5G solutions; portfolio includes Cradlepoint (Wireless WAN edge), Private 5G for industry/public safety, and unified SASE enterprise security offerings . |
Board Governance
- Independence: Determined to satisfy NYSE, Exchange Act Rule 10A‑3, and Dutch Code independence requirements; recommended for re‑appointment as a non‑executive director, with term to expire at the first AGM held in 2026 if re‑appointed .
- Committee service: Audit Committee member; Audit Committee comprised of Chair Karen Linehan, Richard J. Kramer, Vagn Sørensen, and Åsa Tamsons; all independent .
- Financial expertise: Board determined Tamsons is an Audit Committee “financial expert” (SEC and Dutch Code definitions) .
- Engagement and attendance:
- Board met 6 times in 2024; overall Board meeting attendance 100%; all incumbent directors attended ≥75% of Board/Committee meetings .
- Audit Committee met 9 times in 2024; overall committee attendance 96% .
| Body | Role | 2024 Meetings | Attendance (overall) | Notes |
|---|---|---|---|---|
| Board of Directors | Non‑Executive Director | 6 | 100% | All incumbents ≥75% attendance . |
| Audit Committee | Member | 9 | 96% | Designated financial expert . |
Fixed Compensation
| Component (Non‑Executive Director) | CNH Policy | Åsa Tamsons (FY 2024) |
|---|---|---|
| Annual cash retainer | $125,000 | $150,000 (includes Audit Committee member retainer) |
| Audit Committee member retainer | $25,000 | Included in total cash fees |
| Committee chair fees | $25,000 (other committees), $35,000 (Audit Chair) | Not applicable (not a chair) |
| Meeting fees | None; expenses reimbursed | $0 |
| Termination benefits/perquisites | None for directors | None disclosed |
Performance Compensation
- Structure: Non‑Executive Director equity compensation via annual RSU grant; director compensation is not dependent on CNH’s financial results .
- FY 2024 grant details:
- Grant date: June 10, 2024 (Directors)
- Grant price: $9.73 (Directors’ RSUs)
- Stock awards (grant-date fair value): $53,865 for Tamsons
- Vesting: RSUs granted to Non‑Executive Directors in June 2024 vest in June 2025
| Metric | FY 2024 Disclosure |
|---|---|
| RSU grant date | June 10, 2024 |
| Grant price | $9.73 |
| Grant-date fair value | $53,865 |
| Vesting | June 2025 (Non‑Executive Directors’ June 2024 grants) |
| Performance linkage | Non‑Executive Director compensation not dependent on financial results |
No option awards for Non‑Executive Directors are disclosed for 2024; equity for directors is RSUs (Chair received RSUs and PSUs; chair role is an Executive Director) .
Other Directorships & Interlocks
| Company | Role | Notes |
|---|---|---|
| None disclosed | — | Proxy biography lists executive roles at Ericsson, not public company directorships . |
Expertise & Qualifications
- Technology/operator expertise in enterprise 5G networking, security (SASE), SaaS/software-centric connectivity; prior leadership of IPR/licensing and telecom infrastructure ventures .
- Financial oversight capability: Audit Committee member and designated financial expert .
- Education: Master of Science in Business Administration, Stockholm School of Economics .
- Global experience: Work history in Stockholm, Paris, Singapore, San Francisco, and São Paulo .
Equity Ownership
| Holder | Shares Beneficially Owned (a) | Derivatives/RSUs/PSUs Available within 60 days (c) | Total | % of Shares Outstanding |
|---|---|---|---|---|
| Åsa Tamsons | 3,700 | — | 3,700 | <1% (1,248,043,843 common shares outstanding) |
- Ownership guidelines: Non‑Executive Directors expected to own at least 1× annual retainer ($125,000) within 24 months of first appointment; shares to be held while on the Board and for three months post‑service. Individual compliance status is not disclosed .
Governance Assessment
- Independence and oversight strength: Independent non‑executive director; Audit Committee financial expert designation and active participation in a committee with broad oversight of financial reporting, audit independence, cybersecurity, ethics/compliance, and conflict‑of‑interest policies support board effectiveness and investor confidence .
- Attendance/engagement: Board’s 2024 attendance at 100% and Audit Committee’s 96% suggest high engagement; all incumbents met ≥75% attendance thresholds .
- Pay‑for‑performance alignment: Non‑Executive Director compensation is deliberately not performance‑linked; mix is modest cash ($150,000) plus RSUs ($53,865 grant fair value), reinforcing governance independence rather than operational incentives .
- Ownership alignment: Beneficial ownership of 3,700 shares and RSUs vesting in June 2025 provide some alignment; guidelines require 1× retainer within 24 months, but individual compliance status is not disclosed. Percent ownership is <1% given large float .
- Conflicts/related‑party exposure: CNH’s Related Party Transactions policy requires annual questionnaires and Audit Committee pre‑approval; no related party transactions requiring disclosure since the beginning of 2024. While Tamsons holds an executive role at Ericsson (a potential technology supplier to industrial companies broadly), no CNH‑Ericsson transactions are disclosed, and independence has been affirmed .
RED FLAGS: None disclosed in proxy for related‑party transactions, hedging/pledging, legal proceedings, or option repricing. Individual attendance rates and ownership guideline compliance are not itemized; lack of per‑director disclosure is a monitoring consideration for investors .