Doyle R. Simons
About Doyle R. Simons
Independent director at Fiserv (FI) since 2007; Lead Independent Director and Chair of the Talent and Compensation Committee, slated to become non‑executive Chairman upon CEO transition in 2025 . Former President & CEO of Weyerhaeuser (2013–2018) and Chairman & CEO of Temple‑Inland (2007–2012), with prior senior roles in administration and investor relations . Age 61; education includes a BBA from Baylor University and a JD from the University of Texas .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Weyerhaeuser Company | President & CEO; Director; Senior Advisor | CEO 2013–2018; Board 2012–2018; Senior Advisor 2018–2019 | Led public timber REIT; succession and operational excellence focus |
| Temple‑Inland, Inc. | Chairman & CEO; EVP; CAO; VP–Administration; Director IR | Chairman & CEO 2007–2012; senior roles 1994–2007 | Led corrugated packaging/building products; capital allocation and governance |
| Hutcheson & Grundy, L.L.P. | Real estate and banking law attorney | Pre‑1992 | Legal, finance and governance foundation |
External Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Fiserv, Inc. | Director; Lead Independent Director; Chair, Talent & Compensation; Member, Nominating & Corporate Governance; non‑exec Chairman (effective upon CEO transition) | Director since 2007; LID and Chair current; Chair effective mid‑2025 | Board leadership; compensation oversight; governance refresh |
| Iron Mountain Incorporated (IRM) | Director; Compensation Committee; Finance Committee (chair in prior years) | Director since 2020 | Compensation and finance oversight; public board experience |
| Union Pacific Corporation (UNP) | Director | Appointed July 2023 | Board refresh; safety and service quality oversight at board level (committee formation noted) |
Board Governance
- Independence: Simons is classified “independent” under NYSE rules; all board committees are fully independent .
- Committee assignments (2024–2025): Chair, Talent & Compensation; member, Nominating & Corporate Governance . Committee refresh added him to Nominating & Corporate Governance in 2024 .
- Leadership: Lead Independent Director; appointed non‑executive Chairman effective upon CEO transition (earlier of SSA confirmation or June 30, 2025), reflecting strong shareholder support and governance credentials .
- Attendance: Board held 7 meetings in 2024; Simons and all directors attended 100% of board and applicable committee meetings; executive sessions at each regular meeting led by LID/chair .
- Shareholder engagement: Participated in governance and compensation outreach; company met investors owning ~28% of shares, informing compensation and governance enhancements .
Fixed Compensation
| Element | 2024 Amount/Policy | Notes |
|---|---|---|
| Annual Board Cash Fee | $100,000 | Paid quarterly; may be deferred |
| Committee Membership Fee | $15,000 per committee | Payable for each committee served |
| Committee Chair Fee (T&C) | $20,000 | Audit chair $25,000; Nominating & Governance chair $20,000 |
| Lead Director Equity Award | $75,000 (in RSUs) | Granted upon election/re‑election as LID |
| Simons – Fees Earned (Cash) | $145,000 | Deferred under Director Deferred Compensation Plan |
| Deferred Compensation Plan | Up to 100% of cash fees and RSU shares deferrable; credited as share units; settled in stock after board service ends | Aligns director interests; counts against equity plan reserve |
Performance Compensation
Directors receive time‑vesting equity (RSUs); no performance‑based metrics are used for director pay.
| Grant | Grant Date | Units (#) | Grant Date Value ($) | Vesting |
|---|---|---|---|---|
| Annual RSUs (standard) | May 15, 2024 | 1,484 | 230,035 | 100% vest on earlier of first anniversary or prior to next annual meeting |
| Lead Director RSUs | May 15, 2024 | 484 | Included in total | Award equals $75,000 ÷ grant‑date close ($155.01) |
| Simons – Stock Awards (Total) | 2024 | — | 305,060 | Sum of standard RSUs + LID RSUs |
Vesting and plan terms: RSUs vest on time schedules; directors may defer 100% of RSU share delivery; deferrals convert to share units delivered one‑for‑one in common stock upon cessation of service .
Other Directorships & Interlocks
| Company | Current Role | Committee Roles | Notes / Potential Interlocks |
|---|---|---|---|
| Fiserv (FI) | Director; LID; Chair T&C; Member NCG | T&C Chair; NCG Member | No compensation committee interlocks reported; robust governance processes |
| Iron Mountain (IRM) | Director | Compensation; Finance (chair historically) | Distinct industry; no FI conflict disclosed |
| Union Pacific (UNP) | Director | Not disclosed | Transportation; no FI related‑party transactions involving Simons disclosed |
Board service limits: FI limits independent directors to ≤4 public boards including FI, with time‑commitment review; Simons currently serves on three (FI, IRM, UNP), within guideline .
Expertise & Qualifications
- CEO experience and senior leadership across complex, global public companies (Weyerhaeuser; Temple‑Inland) .
- Finance, legal and strategic planning expertise; JD and BBA credentials augment board oversight skills .
- Public company board acumen; governance and compensation leadership at FI and IRM .
Equity Ownership
| Metric | As of Mar 1, 2024 | As of Feb 28, 2025 |
|---|---|---|
| Beneficial Ownership (shares) | 171,190 | 134,418 |
| % of Class | <1% | <1% |
| Vested Options (count) | — | 16,060 (all vested as of Dec 31, 2024) |
| Unvested RSUs (count) | — | 1,968 (as of Dec 31, 2024) |
Policies and alignment:
- Stock ownership requirement: Directors must hold FI stock valued at $1,320,000 (4× annual board cash fee + equity award value); all directors are in compliance .
- Hedging/pledging: FI prohibits directors and executive officers from hedging or pledging FI stock; pre‑clearance and blackout policies apply .
Insider transactions (2025 – Form 4 disclosures):
| Date | Type | Quantity | Price/Value | Note |
|---|---|---|---|---|
| May 15, 2025 | Stock option exercise | 6,594 | $40.56 | Exercise of vested options |
| May 14–16, 2025 | Equity awards reported | 1,608 units; 6,594 units | $0; $40.56 | Annual director equity activity |
| Jun 30, 2025 | Award/credit reported | 285 units | $172.41 | Additional equity credit (per Form 4 summary) |
| Mar 31, 2025 | Award/credit reported | 170 units | $220.83 | Equity credit (per Form 4 summary) |
| Sep 30, 2025 | Deferred comp share units credited | 437 units | $128.93 (reflecting $56,250 deferral) | Notional units under Director Deferred Compensation Plan; settle in stock after board service ends |
Governance Assessment
- Board effectiveness: Strong independence, full attendance, and structured executive sessions support high‑quality oversight; Simons’ transition to non‑executive Chairman enhances independent board leadership .
- Compensation oversight: As T&C Chair, Simons leads pay design aligned with performance (for executives), uses an independent consultant (Pay Governance) and demonstrates responsiveness to shareholder feedback (91% Say‑on‑Pay approval in 2024) .
- Alignment and risk controls: Rigorous director ownership guidelines; prohibition on hedging/pledging; robust recoupment policy and related‑party review; no interlocks and no related‑party transactions involving Simons disclosed .
- Time‑commitment and interlocks: Three public boards within FI’s ≤4 limit; FI reviews directors’ outside commitments annually to ensure effectiveness .
RED FLAGS: None disclosed specific to Simons. No hedging/pledging, no related‑party transactions, and 100% attendance mitigate governance risk .
Shareholder communication: Direct engagement participation by Simons as LID/T&C Chair strengthens investor confidence in governance processes .