Lisa Chang
About Lisa V. Chang
Lisa V. Chang (age 56) is an independent director of Frontier Communications Parent, Inc. (FYBR) since April 2021 and serves as Executive Vice President and Global Chief People Officer at The Coca‑Cola Company (since 2019). She holds a BA in Communications from the University of Virginia and an MBA in International Business from Mercer University’s Stetson School of Business and Economics, with core credentials in human capital strategy, M&A integration, and leadership development .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| The Coca‑Cola Company | EVP & Global Chief People Officer | 2019–present | Led global people strategy; integration support in acquisitions (Fairlife, BODYARMOR, Costa Limited) |
| AMB Group LLC | SVP & Chief Human Resources Officer | 2014–2019 | Led HR strategy and operations across AMB businesses |
| Equifax | VP, International HR | 2013–2014 | Oversaw six international acquisitions in 18 months |
| Turner Broadcasting System, Inc. | SVP, Human Resources | 2009–2013 | Senior HR leadership |
| The Weather Channel | EVP & Chief Human Resources Officer | 2004–2009 | Enterprise HR leadership |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Catalyst Inc. | Board member | 2019–present | Non‑profit focused on women’s advancement |
| Atlanta Symphony | Board member | 2021–present | Non‑profit arts governance |
| Clemson University | President’s Advisory Cabinet Member | 2024–present | Academic advisory |
| HR Innovators | Advisory Board | 2024–present | Talent/HR advisory |
Board Governance
- Committee assignments: Compensation & Human Capital Committee member (not Chair) .
- Compensation & Human Capital Committee composition and cadence: Kevin Beebe, Lisa Chang, Pamela Coe (Chair), Maryann Turcke; met 10 times in 2024; all members independent under Nasdaq’s heightened standards .
- Independence: The Board affirmed independence for all non‑employee directors (8 of 10), including Ms. Chang; only the Executive Chairman and CEO are non‑independent .
- Attendance and engagement: The Board held 16 meetings in 2024; average attendance 97.8%; each director attended at least 93% of Board and committee meetings; all directors attended the 2024 annual meeting .
- Executive sessions: Regular executive sessions of independent directors (presided over by the Lead Independent Director) ; Lead Independent Director role and responsibilities are defined; Board leadership separated (Executive Chairman distinct from CEO) .
Fixed Compensation
| Component | Amount | Notes |
|---|---|---|
| 2024 Cash Fees | $115,000 | Standard director annual cash retainer |
| 2024 Stock Awards (RSUs) | $166,172 | Annual RSU grant ($150,000) plus Compensation Committee member RSU retainer ($12,000); fair value based on $26.72 grant-date price |
| 2024 Total | $281,172 | Sum of cash and stock awards |
| Program elements (structure) | Board: $115,000 cash; Annual RSU: $150,000; Comp Committee member RSUs: $12,000 | No option grants; no meeting fees; LID retainer $25,000; chair retainers: Audit $25k, Comp $20k, NCG $15k; Strategic Review member cash $30k, chair $60k |
- RSU tax election: Ms. Chang elected to receive a portion of her 2023 RSU settlement (vested May 31, 2024) in cash to cover taxes ($93,760), with an equivalent number of shares withheld .
Performance Compensation
- Directors do not receive performance‑based equity (no PSUs) or cash bonuses as part of the director program; compensation is cash retainers plus time‑based RSUs and committee RSU retainers .
- Director stock ownership guidelines: Minimum of 5x annual core cash compensation ($500,000) to be met within five years; RSUs (vested/unvested, including deferred RSUs) count toward compliance .
Other Directorships & Interlocks
| Company | Type | Role | Interlock/Conflict Notes |
|---|---|---|---|
| None disclosed | Public company board | N/A | No public company directorships disclosed for Ms. Chang; no FYBR competitive interlocks indicated . |
| Compensation Committee interlocks | Committee disclosure | None | FYBR disclosed no compensation committee interlocks or insider participation in 2024 . |
Expertise & Qualifications
- People strategy, total rewards, talent, culture, and large‑scale HR operations; M&A integration across consumer brands and international markets .
- Education: BA (UVA), MBA (Mercer, Stetson School) .
- Governance skills aligned with FYBR priorities in human capital and compensation oversight, reflected in Compensation & Human Capital Committee service .
Equity Ownership
| Metric | Value |
|---|---|
| Beneficial ownership (shares) | 25,979 (as of March 25, 2025 record date) |
| Ownership % of outstanding | Less than 1% (FYBR had ~250.2M shares outstanding) |
| Unvested RSUs (as of 12/31/2024) | 6,219 |
| Hedging/Pledging policy | Hedging and pledging of Company securities prohibited for directors unless pre‑approved (pledging) |
| RSU deferral | Directors may defer RSU settlement until separation or change‑of‑control; deferred RSUs count toward ownership guidelines |
Insider Trades
| Date Filed | Form | Summary | Source |
|---|---|---|---|
| May 30, 2024 | Form 4 | Director equity transaction reporting (standard director grant/withholding) |
Governance Assessment
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Strengths for board effectiveness
- Independent status; strong attendance; service on a key committee with 10 meetings in 2024, indicating active engagement .
- Deep human capital and compensation expertise aligned with committee remit; relevant M&A integration experience supporting change‑management at FYBR .
- Ownership alignment via RSU grants and director ownership guidelines; RSU deferral feature aligns long‑term interests through potential change‑of‑control .
- Governance guardrails: hedging/pledging prohibitions and no related‑party transactions disclosed for 2024 .
-
Compensation mix and alignment
- Balanced mix of cash ($115k) and equity ($166k RSUs) plus committee RSU retainer, consistent with market‑based director pay structure; no performance-based equity for directors, reducing pay‑risk while maintaining equity exposure .
-
Potential conflicts and risk indicators
- Related‑party transactions: None reported for 2024 (mitigates conflict risk) .
- Overboarding/time commitments: FYBR policy limits executive officers of public companies to ≤2 public boards (including FYBR); Ms. Chang has no other public boards disclosed, indicating adherence .
- Change‑of‑control optics: RSU deferral pays out on change‑of‑control but is standard market practice; not a red flag absent unusual terms .
-
Shareholder sentiment signals
- Say‑on‑pay approval (2024) at 85% suggests acceptable compensation governance broadly; active investor engagement by Board/management .
RED FLAGS
- None disclosed: no related‑party transactions, no compensation committee interlocks, hedging/pledging prohibited, and strong attendance metrics .