Elinor Mertz

About Elinor Mertz

Elinor Mertz (age 48) is an independent Class I director of DoorDash, serving since July 2022; her current term expires in 2027. She is CFO of Airbnb (since March 2024) with prior senior finance roles at Airbnb and Netflix, and is an audit committee financial expert; she holds degrees from Stanford and Columbia and an MBA from Stanford GSB .

Past Roles

Organization	Role	Tenure	Committees/Impact
Airbnb	CFO	Mar 2024–present	Oversees finance; public-company CFO credentials
Airbnb	VP Finance	Jan 2019–Mar 2024	Strategic finance, analytics, corporate planning, IR
Airbnb	Head of Global FP&A	Feb 2013–Jan 2019	Built FP&A function
Netflix	Various finance roles incl. VP Finance & IR	2006–2013	Public company finance experience

External Roles

Organization	Role	Tenure	Committees/Impact
Faire Wholesale, Inc. (private)	Director	Since 2022	Not disclosed
Airbnb	CFO	Mar 2024–present	Key external executive role; potential information interlock with DoorDash director Alfred Lin who serves on Airbnb’s board

Board Governance

Committee assignments: Audit Committee Chair; members alongside Shona Brown and Alfred Lin; both Mertz and Lin designated audit committee financial experts .
Independence: Board determined Mertz is independent under Nasdaq rules .
Attendance/engagement: Board met 4 times in 2024; each director attended at least 75% of board and committee meetings; all directors attended the 2024 annual meeting .
Board structure: Lead Independent Director role (Shona L. Brown) with responsibilities for independent director sessions and feedback; only independent directors serve on key committees .

Fixed Compensation

Year	Fees Earned or Paid in Cash (DoorDash Director)	Notes
2024	$77,639	Includes board/committee retainers; no per-meeting fees

Director cash compensation policy components (effective June 20, 2024):

Component	Policy Amount	Notes
Annual cash retainer (non-employee director)	$60,000	Paid quarterly
Audit Committee Chair fee	$20,000	Increased in Jan 2024 review
Lead Independent Director	$40,000	Increased in Jan 2024 review
Compensation Committee Chair	$15,000	Increased in Jan 2024 review
Nominating & Governance Chair	$5,000	Policy

Performance Compensation

Grant	Grant Date	Award Type	Shares/Units	Grant-Date Fair Value	Vesting
Annual Award	6/20/2024	RSU	2,495 unvested (as of 12/31/24)	Value reflected in 2024 stock awards $274,974	100% on earlier of 6/20/2025 or day before next annual meeting, subject to service
Initial/ongoing RSU	8/20/2022	RSU	1,372 unvested (as of 12/31/24)	—	1/48 monthly, subject to service

Performance metrics tied to director compensation: None disclosed; director equity awards are time-based (no TSR/revenue metrics), and outstanding director equity follows the 2020 Plan’s change-in-control treatment .

Other Directorships & Interlocks

Company	Type	Role/Link	Potential Interlock/Conflict Considerations
Airbnb	Public	CFO (Mertz); DoorDash director Alfred Lin serves on Airbnb’s board	Information interlock potential; no related-party transactions with Airbnb disclosed by DoorDash
Faire Wholesale	Private	Director (Mertz)	No DoorDash transactions disclosed
Sequoia Capital/ Kleiner affiliates	Investors	Investor rights agreement parties; DoorDash directors affiliated (Lin/Doerr)	Standard investor rights; not tied to Mertz personally

Expertise & Qualifications

Audit committee financial expert; deep public-company finance leadership (Airbnb CFO; Netflix finance) .
Education: BA in Science, Technology & Society; MA in History (Stanford); MIA (Columbia); MBA (Stanford GSB) .
Selected for board due to extensive public company finance experience .

Equity Ownership

As of March 1, 2025:

Holder	Class A Shares	RSUs settling within 60 days	Ownership %
Elinor Mertz	9,008–9,081 (footnote and table)	73	<1% of Class A; de minimis voting power

Unvested/vested breakdown (as of Dec 31, 2024):

Award	Unvested Units Outstanding
RSU (8/20/2022)	1,372
RSU (6/20/2024)	2,495

Stock ownership guidelines: Directors must hold stock equal to 4× annual cash retainer (value based on 90-day VWAP); compliance deadline is later of Dec 8, 2025 or fifth anniversary of joining; as of Dec 31, 2024, directors were generally compliant except recent joiners still within permitted period .

Policies limiting misalignment risks:

No hedging or pledging of company stock by directors/employees .
Insider Trading Policy applies to directors; pre-clearance and blackout periods enforced .

Governance Assessment

Strengths: Independent audit chair with financial expert designation; robust audit committee remit including internal controls, cybersecurity, and related-party transaction oversight; strong attendance and engagement; director equity ownership guidelines; prohibition on hedging/pledging; and high say‑on‑pay support (96%) signaling investor confidence in pay governance .
Compensation alignment: Director pay mix is heavily equity via time‑based RSUs (Annual Award ~$275k), with cash retainer modest; policy increases in 2024 were targeted to leadership roles (LID, audit/comp chairs), balancing market competitiveness and accountability .
Conflicts/related parties: No DoorDash related-party transactions disclosed involving Mertz, Airbnb, or Faire; audit committee (chaired by Mertz) reviews/approves related-party transactions under defined, conservative thresholds and standards .
Risk indicators: No hedging/pledging; clawback policy in place for officers; directors attend annual meetings; board has independent leadership via LID; no director per‑meeting fees that could incentivize quantity over quality .
Watch items: Information interlock with Airbnb via Alfred Lin’s board role; continued monitoring for any DoorDash–Airbnb commercial ties and appropriate audit committee recusal if needed; ensure stock ownership guideline attainment on schedule given Mertz’s 2022 start .

RED FLAGS: None disclosed specific to Mertz (no pledging/hedging, no related-party transactions, attendance ≥75%). Maintain vigilance on potential interlocks and any future related-party exposure through external roles .