Ambereen Toubassy
CoupangAbout Ambereen Toubassy
Ambereen Toubassy (age 52) has served as an independent director of Coupang since March 2023. She is CFO of Airtable and previously served as CFO of Quibi and Partner/CFO at WndrCo; her earlier career spans portfolio management roles at JMB Capital, Ivory Capital Management, Empyrean Capital Partners, and investment banking at Goldman Sachs (Risk Arb, M&A, Software). She holds a B.A. in Economics from Yale and an MBA from Stanford GSB, with core credentials in finance, accounting, and technology-sector operating roles .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Airtable | Chief Financial Officer | Since Jan 2021 | Senior finance leadership in cloud software |
| Quibi | Chief Financial Officer | Sep 2018–Nov 2020 | Start-up finance leadership |
| WndrCo | Partner and CFO | May 2017–Sep 2018 | Media/tech holding company finance |
| Empyrean Capital; JMB Capital; Ivory Capital | Partner/Portfolio Manager | Not disclosed | Investment track record, capital markets |
| Goldman Sachs | Investment Banking (Risk Arb, M&A, Software) | Not disclosed | Transactional, analytical background |
External Roles
| Organization | Role | Public Company? | Notes |
|---|---|---|---|
| Airtable | Chief Financial Officer | No (private) | No Coupang-related transactions disclosed for Toubassy |
Board Governance
- Committee assignments: Audit Committee member; not a chair. The Audit Committee met eight times in 2024 .
- Independence: Board affirmatively determined she is independent under NYSE standards and qualified for committee service; Audit Committee members (including Toubassy) meet heightened independence requirements .
- Financial expertise: Board determined that Toubassy qualifies as an “audit committee financial expert” (SEC definition) .
- Attendance: In 2024 the Board met four times; no director attended fewer than 75% of Board and applicable committee meetings .
- Executive sessions: Independent directors meet in regular executive sessions led by the Lead Independent Director .
Fixed Compensation
Coupang compensates non-employee directors primarily with time-based RSUs; no cash retainer is disclosed in 2024. Annual RSU grants are $300,000, plus RSU retainers for committee roles: Audit member $12,500; Audit chair $25,000; Compensation member $10,000; Nominating member $7,500; Lead Independent Director $25,000. Annual awards vest on the earlier of the first anniversary of grant or the next annual meeting; change-in-control accelerates unvested director equity in full .
| Component | Amount / Detail | Vesting |
|---|---|---|
| Annual Retainer Award (RSUs) | $300,000 | Earlier of 1-year or next annual meeting |
| Audit Committee Member Retainer (RSUs) | $12,500 | Same as annual award |
| 2024 Stock Awards to Toubassy | $312,480 | Per award terms; unvested RSUs outstanding (see Equity Ownership) |
| Change-in-control treatment | Full acceleration of unvested director equity | Immediate at closing |
Performance Compensation
- No performance-based equity or cash incentives for directors are disclosed; director RSU awards are service-based only. Change-in-control accelerates unvested RSUs; no performance metrics apply to director compensation .
Other Directorships & Interlocks
| Company | Role | Committee Positions | Potential Interlocks/Conflicts |
|---|---|---|---|
| None disclosed | — | — | Board reviewed related party transactions; none noted for Toubassy. Independence affirmed . |
Notes:
- Board considered transactions and relationships (e.g., business with Microsoft affecting director Asha Sharma) and found independence intact; no such disclosure for Toubassy .
- Greenoaks involvement with Farfetch/Surpique was reviewed and structured with disinterested advisors; not related to Toubassy .
Expertise & Qualifications
- Financial leadership (CFO roles at tech/media), capital markets investing and risk arbitrage experience; designated audit committee financial expert; technology-sector operational experience .
Equity Ownership
| Metric | Value | Notes |
|---|---|---|
| Total beneficial ownership (Class A) | 24,434 shares (<1%) | As of Mar 31, 2025; computed under SEC rules |
| Unvested RSUs outstanding (12/31/2024) | 14,400 RSUs | As of Dec 31, 2024 |
| Pledged shares | None disclosed for Toubassy (pledge policy requires prior approval; pledges noted for other directors) | |
| Hedging | Prohibited for directors under insider trading policy |
Insider Trades
Recent Form 4 filings indicate routine director RSU awards.
| Date | Transaction Type | Security | Shares | Price | Notes |
|---|---|---|---|---|---|
| 2025-03-19 | A (Award) | Class A Common Stock (RSUs) | 38,922 | — | Director RSU grant |
Additional recent Form 4 references: SEC accession and Cloudfront mirror links confirming filings for Toubassy in 2025 and 2024 .
Governance Assessment
- Strengths: Independent director; audit committee financial expert; equity-only compensation aligns pay with shareholder outcomes; no related-party transactions or pledging; attendance at least 75% with active Audit Committee participation (8 meetings in 2024) .
- Alignment signals: Meaningful beneficial ownership and ongoing RSU participation; anti-hedging policy enhances alignment; full acceleration on change-in-control is standard but worth monitoring for takeover scenarios .
- RED FLAGS: None disclosed specific to Toubassy. Board-wide pledging noted for other directors (Mehta, Sun) but not for Toubassy; related-party exposures primarily involved Greenoaks/Farfetch and Estée Lauder purchases, not implicating Toubassy .