David A. Bradley
About David A. Bradley
David A. Bradley, 54, is an independent director of Ecovyst (since April 2022) and serves as President & CEO and a director of SI Group (since March 2019). He previously was President & CEO and a director at Nexeo Solutions (2011–2019) and spent seven years in senior roles at Kraton Corporation (including COO, VP Global Operations, and VP Business Transformation). Bradley is described as well qualified given extensive chemicals-sector, management, and leadership experience .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Nexeo Solutions | President & CEO; Director | 2011–2019 | Led chemicals distribution platform |
| Kraton Corporation | COO; VP Global Operations; VP Business Transformation | Seven years | Operations and transformation leadership |
External Roles
| Organization | Role | Start | Notes |
|---|---|---|---|
| SI Group (private) | President & CEO; Director | Mar 2019 | Current operating CEO in chemicals; external board seat |
| South Texas Truck Centers LLP (private) | Director | 2019 | Current private company board role |
Board Governance
- Independence and tenure: Independent director (Board determined all directors other than CEO are independent); on the Board since April 2022 .
- Committee assignments (2024): Chair, Compensation Committee; Member, Health, Safety, Environment and Security (HSES) Committee .
- Committee meeting cadence (2024): Audit 5; Compensation 5; Nominating & Corporate Governance 2; HSES 2 .
- Board engagement (2024): Board held 9 meetings; each director other than Mr. Coxon attended >75% of applicable Board and committee meetings; non-management/independent directors met in executive session 7 times .
| Committee | Bradley Role | Chair? | 2024 Meetings |
|---|---|---|---|
| Compensation | Member | Yes (Chair) | 5 |
| HSES | Member | No | 2 |
| Audit | Not a member | — | 5 |
| Nominating & Corporate Governance | Not a member | — | 2 |
Additional governance structure and transition: Board declassification underway (stockholders approved 2024 amendment; single class in 2027) .
Fixed Compensation (Director; 2024)
| Element | Amount | Notes |
|---|---|---|
| Annual cash retainer | $50,000 | Standard board retainer |
| Committee chair fee (Compensation) | $15,000 | Paid to Bradley as Comp Chair |
| Total cash fees (2024) | $65,000 | Sum of retainer + chair fee |
Performance Compensation (Director Equity; 2024)
Directors receive time-vesting RSUs (not performance-based). Awards vest after one year of continued service or upon change in control; granted under the 2017 Plan. Company has a clawback policy that provides additional rights to claw back time-based compensation under the plan .
| Grant Date | Instrument | Shares/Units | Grant Date Fair Value | Vesting |
|---|---|---|---|---|
| Jan 22, 2024 | RSUs | 22,701 | $200,041 | Vest after one year (to Jan 22, 2025) or earlier CoC |
Stock ownership guidelines (directors): Required ownership $625,000; 5-year compliance window; 50% post-vest holding until met . Bradley’s status as of Dec 31, 2024: 0.98x of requirement; must meet by April 27, 2027 .
Other Directorships & Interlocks
| Category | Detail |
|---|---|
| Other public company boards | None disclosed for Bradley |
| Compensation Committee interlocks | None; no ECVT executive officer serves on another company’s board/comp committee with reciprocal service on ECVT’s Board/Comp Committee |
Expertise & Qualifications
- Chemicals sector operator: CEO roles at SI Group and Nexeo Solutions; prior COO and operations leadership at Kraton .
- Committee leadership: Chairs Ecovyst Compensation Committee; experience overseeing executive compensation strategy and clawback policy application .
- Board-relevant skills noted by company: “extensive experience in the chemicals sector” and “extensive management and leadership experience” .
Equity Ownership
| Holder | Shares Beneficially Owned | % Outstanding | As of |
|---|---|---|---|
| David A. Bradley | 82,926 | <1% | Mar 24, 2025 |
Stock ownership guideline status (directors; 12/31/24):
| Director | Requirement | Status (x of requirement) | Notes |
|---|---|---|---|
| David A. Bradley | $625,000 | 0.98x | 90-day avg price $7.39 used for calc; compliance deadline 4/27/2027 |
Policy notes:
- Hedging: Company has an insider trading policy and a policy against hedging of stock .
- Clawback: Compensation Committee oversees clawback policy compliant with SEC/NYSE; applies to time-based awards under the 2017 Plan .
Related Party Exposure
| Related Party | Relationship | 2024 Transaction Amount | Nature | Approval/Controls |
|---|---|---|---|---|
| SI Group | Bradley is President & CEO and director | $106,899 | Product sale transactions | Approved under written related-party policy by Nominating & Corporate Governance Committee |
The company also disclosed related-party transactions with INEOS affiliates ($9.66M sales) and service fees to Vanguard ($11,650), all reviewed/approved under the same policy .
Governance Assessment
- Strengths: Independent director with deep chemicals operating experience; chairs Compensation Committee; documented >75% meeting attendance; Board holds regular executive sessions; robust stock ownership guidelines and anti-hedging policy; declassification enhances accountability over time .
- Alignment: Director compensation mix leans toward equity via annual RSUs; Bradley nearing ownership guideline (0.98x) with deadline in 2027, indicating progress toward stronger alignment .
- Conflicts and monitoring: Small-scale related-party transactions with SI Group (Bradley’s employer) exist; they are modest in size and subject to pre-approval under a formal policy—continue monitoring for escalation in scale/scope. Potential perception risk given his Comp Committee chair role; however, no compensation committee interlocks disclosed .
- Engagement: Board met nine times in 2024; Bradley met the >75% attendance threshold; presence in HSES Committee adds operational risk oversight exposure alongside comp governance .
RED FLAGS to monitor: Related-party dealings with SI Group (even if small/approved) warrant ongoing oversight for any growth in volume, terms deviations, or expanded arrangements . Ownership guideline shortfall (0.98x) is not a red flag but should be tracked until full compliance by April 2027 .