Beverly Anderson
Expedia GroupAbout Beverly Anderson
Beverly Anderson (age 61) is an independent director of Expedia Group, serving since 2020. She is President & CEO of Boeing Employees Credit Union (BECU) since December 2022 and previously led consumer businesses at Equifax (President, Global Consumer Solutions, 2019–2022) and Wells Fargo (EVP, Cards & Retail Services, 2012–2019). She holds an MBA with distinction from Harvard Business School and a BS in Business, summa cum laude, from Florida A&M University; the Board cites her deep consumer finance and payments expertise as key qualifications .
Past Roles
| Organization | Role | Tenure | Notes/Impact |
|---|---|---|---|
| Equifax | President, Global Consumer Solutions | Dec 2019–Jan 2022 | Consumer-facing leadership; payments/credit expertise |
| Wells Fargo | EVP, Cards & Retail Services | Mar 2012–Nov 2019 | Large-scale consumer finance operations |
External Roles
| Organization | Role | Tenure | Type |
|---|---|---|---|
| BECU | President & CEO | Since Dec 2022 | Credit union (not-for-profit) |
| BECU | Board Member | Since Apr 2024 | Credit union board |
| Accion | Board Member | N/A | Global nonprofit |
| Harvard Business School African-American Alumni Association | Board Member | N/A | Nonprofit/academic alumni association |
| Sword Health, Inc. | Board Member | Disclosed in 2024 proxy | Private company board (2024 disclosure) |
Board Governance
- Committee assignments: Member, Compensation Committee; confirmed independent status .
- Compensation Committee activity: In 2024, the committee met six times and acted by unanimous written consent five times; all members meet SEC/Nasdaq independence requirements and have never been company employees .
- Attendance: Each director attended at least 75% of Board and committee meetings in 2024; annual meeting attendance was universal .
- Independent director sessions: Independent directors meet regularly after Board meetings; the Board has no lead independent director .
- Interlocks: The proxy discloses no compensation committee interlocks for Anderson (no overlapping executive roles with companies where Expedia executives serve) .
Fixed Compensation
| Component | 2023 | 2024 |
|---|---|---|
| Annual cash retainer ($) | $45,000 | $45,000 |
| Committee membership fees ($) | Compensation Committee: $15,000 (policy) | Compensation Committee: $15,000 (policy) |
| Total cash paid ($) | $60,000 | $60,000 |
Policy details:
- Directors receive an annual cash retainer of $45,000 and an annual RSU grant valued at $250,000; RSUs vest in three equal installments beginning on the first anniversary of grant (typically June 1) .
- Committee membership fees: Audit $20,000, Compensation $15,000, Nominating $17,500; supplemental $15,000 for Audit and Compensation Chairs .
Performance Compensation
| Metric | 2023 | 2024 |
|---|---|---|
| RSU grant date fair value ($) | $257,700 | $249,985 |
| Vesting schedule | Time-based; 3 equal annual installments starting 1st anniversary of grant | Time-based; 3 equal annual installments starting 1st anniversary of grant |
| Outstanding RSUs at year-end (#) | 4,370 | 4,601 |
| RSUs vesting within 60 days of record date (#) | N/A | 2,253 (as of Apr 4, 2025) |
| Change-in-control provision | RSUs vest automatically in full on change-in-control under the 2005 Plan | RSUs vest automatically in full on change-in-control under the 2005 Plan |
Notes:
- Director equity is time-vested RSUs (no performance-based metrics); stock awards are valued using closing price on the day before grant .
Other Directorships & Interlocks
| Public Company | Role | Status |
|---|---|---|
| None | — | No current U.S.-listed public boards in past 5 years |
Compensation Committee interlocks: None disclosed for Anderson (no cross-membership with entities where Expedia executives serve on compensation committees) .
Expertise & Qualifications
- Consumer finance and payments expertise; senior leadership in consumer-facing businesses .
- Education: MBA (distinction), Harvard Business School; BS Business (summa cum laude), Florida A&M University .
Equity Ownership
| As of Record Date | Shares Held | RSUs Vesting ≤60 Days | Total Beneficial | % of Common Stock | Evidence |
|---|---|---|---|---|---|
| Apr 4, 2025 | 6,231 | 2,253 | 8,484 | <1% | Beneficial ownership table |
Additional alignment policies:
- Director stock ownership guidelines: 5× annual cash retainer ($225,000); as of Apr 4, 2025, each Covered Director met the guidelines except Mr. Wang (in process) .
- Hedging policy: Directors are prohibited from short sales, options, or other hedging/monetization transactions in Expedia securities .
- Deferred compensation: Directors may defer fees into share units or a cash fund; Anderson not listed among directors who deferred 2024 fees .
Governance Assessment
-
Strengths
- Independence and role clarity: Anderson is an independent director, with targeted expertise on the Compensation Committee; no interlocks disclosed .
- Engagement: Committee met 6× with additional written consents; Board/committee attendance ≥75% provides baseline engagement assurance .
- Alignment: Meets stock ownership guidelines; equity grants in RSUs (aligned over time), hedging prohibited .
- Compensation process: Committee retains independent consultant (Compensia); independence affirmed; robust pay-setting governance .
-
Potential Risks / RED FLAGS
- None disclosed specific to Anderson: no related-party transactions, pledging, or hedging practices noted for her; no public-company interlocks that could pose conflicts .
- Change-in-control single-trigger vesting for director RSUs could be viewed as less shareholder-friendly, though common in director programs .
-
Implications for investors
- Anderson’s consumer finance background augments oversight of incentive design and risk in pay programs; independence and ownership compliance support investor confidence .
- Stable cash/equity mix year over year (2023–2024) and RSU-only structure reduces risk of option-related issues; lack of performance equity for directors is typical, focusing alignment via time-based stock .