Christine Detrick
About Christine Detrick
Christine Detrick, age 66, has served as an independent director of CRA International, Inc. since May 2020. She is a former director/partner at Bain & Company, where she led the Americas Financial Services practice, and previously spent 10 years at A.T. Kearney as global leader of the Financial Institutions Group and member of the board of management and board of directors; earlier, she was a founding partner of First Financial Partners and CEO of St. Louis Bank for Savings. She holds a B.S. in Economics from the Wharton School (1980) .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Bain & Company | Director/Partner; leader, Financial Services (Americas); Senior Advisor | 2002–2012 | Led FS practice; senior advisory capacity |
| A.T. Kearney | Global leader, Financial Institutions Group; Eastern U.S. leader; Board of management and board of directors | 10 years (dates not specified) | Global FI leadership; governance roles |
| First Financial Partners | Founding partner (venture capital focused on S&Ls) | 1988–1992 | Early-stage investing in thrift institutions |
| St. Louis Bank for Savings | Chief Executive Officer | Not disclosed | Operational leadership as bank CEO |
External Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Hartford Mutual Funds | Director; Chair of the Board; Nominating & Corporate Governance Committee member | Current (dates not specified) | Board leadership; governance oversight |
| Capital One (NYSE: COF) | Director; Audit and Risk Committees | Current (dates not specified) | Financial reporting and risk oversight |
| Altus Power (NYSE: AMPS) | Director; Chair; Executive and Nominating & Governance Committees | Dec 2021–Apr 2025 | Board leadership; strategy and governance |
| Reinsurance Group of America (NYSE: RGA) | Director; Chair, Nominating & Governance; Compensation and Technology & Cyber Committees | 2014–2022 | Governance and compensation oversight; cyber/tech risk |
| Forest City Realty Trust (NYSE: FCE-A) | Director; Chair, Compensation; Nominating & Corporate Governance Committee | 2015–2018 | Compensation leadership; governance |
Board Governance
- Committee memberships (FY2024): Chair, Nominating & Corporate Governance; Member, Compensation; Member, Executive (effective March 1, 2024). All committee members were independent under Nasdaq rules .
- Meeting cadence (FY2024): Board met 7 times; each incumbent director attended at least 75% of board and applicable committee meetings; all nine then-serving directors attended the annual meeting. Compensation Committee met 8 times (plus 3 unanimous consents); Nominating & Corporate Governance met 4 times (plus 1 written consent); Executive Committee did not meet .
- Related-party oversight: Audit Committee reviews and, if appropriate, approves related-person transactions .
Fixed Compensation
| Component (FY2024) | CRAI Program Terms | Christine Detrick – Cash Earned |
|---|---|---|
| Annual director retainer | $85,000 (increased from $75,000 effective Jan 1, 2024) | $99,166 (includes retainer and committee fees; prorated for chair/member roles) |
| Committee chair fees | Audit $25,000; Compensation $20,000; Executive $10,000; Nominating & Corporate Governance $10,000 | Included in cash total; served as Nominating & Corporate Governance Chair |
| Committee member fees | $5,000 for service on each committee above one (non-chair) | Included in cash total |
| Lead director fee | $30,000 (if applicable) | Not disclosed as applicable to Detrick |
| Per-meeting fees (excess) | $1,500 per committee meeting attended after the eighth meeting in a calendar year; none paid in FY2024 (no committee >8 meetings) | None |
Performance Compensation
| Equity Award | Grant Details | Vesting | Amount |
|---|---|---|---|
| Annual restricted stock (non-employee directors) | RSU grant at annual meeting (July 18, 2024) valued at $125,000; number of shares 700 for each eligible director including Detrick | Four equal annual installments, beginning on first anniversary of grant; dividends deferred until vesting | $124,908 grant-date fair value for Detrick (ASC 718) |
| Unvested RSUs (as of Dec 28, 2024) | Outstanding unvested shares of restricted stock | Vests per schedule above | 2,275 shares |
Program changes: Board increased automatic director RSU grant value from $100,000 to $125,000 effective July 18, 2024, enhancing equity alignment; cash retainer increased to $85,000 effective January 1, 2024 .
Other Directorships & Interlocks
| Company | Nature of Interlock/Relationship | Notes |
|---|---|---|
| Capital One (COF) | External public company board; Audit & Risk Committees | Potential information-flow benefits; no related-person transactions requiring Item 404 disclosure at CRAI in FY2024 |
| Hartford Mutual Funds | External mutual fund board; Chair | Governance leadership experience |
| Altus Power (AMPS) | External public company board; Chair (Dec 2021–Apr 2025) | Tenure ended April 2025 |
| RGA (RGA) | Prior board (2014–2022) | Governance, compensation, tech/cyber experience |
| Forest City Realty Trust | Prior board (2015–2018) | Compensation chair experience |
- Compensation Committee interlocks: None among CRAI Compensation Committee members (including Detrick) requiring disclosure under Item 404 of Regulation S-K in FY2024. No cross-directorships between CRAI executives and other companies’ comp committees reported .
Expertise & Qualifications
- Deep financial services and consulting expertise (Bain FS leadership; A.T. Kearney global FI lead; prior bank CEO) .
- Governance and risk oversight experience (chairs governance committees; service on audit and risk committees at Capital One) .
- Wharton-trained economist (B.S. Economics, 1980) .
Equity Ownership
| As of April 22, 2025 | Shares Beneficially Owned | Options Exercisable Within 60 Days | Shares Outstanding (Company) |
|---|---|---|---|
| Christine Detrick | 5,443 | — | 6,808,872 |
- Director stock ownership guidelines: Non-employee directors must hold shares equal to at least 300% of the annual director fee ($85,000 in FY2024); if below threshold, required to retain 50% of shares received upon vesting (net of tax). All directors currently meet the guidelines .
- Hedging/pledging policy: Non-employee directors are prohibited from derivatives, hedging, short sales, and holding shares in margin accounts; pledging requires CEO or General Counsel approval .
Governance Assessment
- Independence and engagement: Detrick is independent; chaired the Nominating & Corporate Governance Committee; served on Compensation and Executive Committees; Board/committee attendance met policy thresholds (≥75%) and all directors attended the annual meeting, indicating robust engagement .
- Compensation alignment: Director pay tilts toward equity (cash $99,166 vs. RSU grant ~$125,000), with multi-year vesting and deferred dividends; 2024 increases to cash retainer and RSU value are consistent with competitive alignment practices .
- Risk controls: Strong anti-hedging/pledging restrictions and Audit Committee oversight of related-party transactions; Compensation Committee used an independent consultant (Semler Brossy) with no conflicts reported .
- Shareholder feedback: 2024 say-on-pay received 5,832,262 “For,” 327,209 “Against,” 21,685 “Abstain” votes (broker non-votes 322,565), signaling broad support for CRAI’s compensation framework .
- Conflicts/RED FLAGS: No Item 404 related-party transactions involving Detrick in FY2024; service on Capital One’s board presents potential industry exposure but no CRAI-related conflicts were disclosed. No excess committee meeting fees or attendance issues identified .
Overall, Detrick brings seasoned financial services, governance, and risk oversight credentials to CRAI’s board, with clear independence, active committee leadership, and equity-linked compensation that aligns interests with shareholders .