Robert Rivero
About Robert A. Rivero
Independent director of The Hackett Group (HCKT), age 83, serving since 2016 and nominated for re‑election to a term expiring at the 2028 annual meeting . Former Senior Managing Partner at KPMG (1965–1999), with operating leadership across nine domestic and overseas business units; since 2003, CEO of RAR Management Services, LLC, advising CEOs on strategy and international operating challenges . The Board has designated Rivero as an “audit committee financial expert,” reflecting deep finance and accounting expertise .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| KPMG LLP | Senior Managing Partner; roles including Office Managing Partner, Regional Partner in Charge, National Senior Partner in Charge; led nine business units (domestic and overseas) | 1965–1999 | Provides broad professional services, finance/accounting depth, and international market insight to HCKT’s Board |
External Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| RAR Management Services, LLC | Chief Executive Officer | 2003–present | Advises CEOs; supports growth/profitability plans and solutions to international operating challenges; contributes strategic and international perspective to HCKT |
Board Governance
| Committee | Membership | Chair Role | Notable Designations |
|---|---|---|---|
| Audit Committee | Member | Chair: Richard N. Hamlin | Board determined Rivero is an “audit committee financial expert” |
| Compensation Committee | Member | Chair: John R. Harris | Committee composed entirely of independent directors |
| Nominating & Corporate Governance Committee | Member | Chair: Alan T.G. Wix | Oversees governance guidelines and director nominations |
- Independence: Rivero is one of five independent directors under Nasdaq standards; all standing committees consist entirely of independent directors .
- Meeting cadence and attendance: FY2024 Board (6), Audit (5), Compensation (6), Nominating & Governance (5); no director attended fewer than 75% of Board and committee meetings; independents meet in executive session regularly .
- Leadership structure: No Lead Independent Director; CEO/Chair roles unified; committees provide independent oversight .
- Hedging/Pledging policy: Directors/officers/employees prohibited from hedging; pledging requires prior Audit Committee approval .
Fixed Compensation
| Year | Cash Retainer ($) | Committee/Meeting Fees | Other |
|---|---|---|---|
| 2023 | 40,000 | None; outside directors receive no additional committee/meeting fees | Travel expense reimbursement |
| 2024 | 40,000 | None; outside directors receive no additional committee/meeting fees | Travel expense reimbursement |
| 2025 (Program) | 40,000 | Unchanged | Travel expense reimbursement |
Performance Compensation
| Year | Equity Type | Grant Value ($) | Vesting | Notes |
|---|---|---|---|---|
| 2023 | RSUs | 72,000 | 100% on one‑year anniversary; vests on involuntary termination/change of control | Deferral election available (3, 5 years, or until death/disability/termination) |
| 2024 | RSUs | 72,000 | 100% on one‑year anniversary; vests on involuntary termination/change of control | Deferral election available |
| 2025 (Program) | RSUs | 108,000 | 67% vests at one year; 33% vests one‑third annually over three years; change‑of‑control vesting | All other program aspects unchanged |
Analysis signals: Equity grant value increased 50% in 2025 with multi‑year vesting added, modestly strengthening retention and alignment versus purely one‑year vesting .
Other Directorships & Interlocks
| Category | Disclosure |
|---|---|
| Current public company boards | None disclosed for Rivero in the company’s proxy |
| Compensation Committee interlocks | None; no director/family member is an executive at a company where HCKT executives serve on that company’s compensation committee |
| Prior public company boards | Not disclosed for Rivero |
| Private/Non‑profit/Academic boards | Not disclosed beyond RAR Management Services, LLC |
Expertise & Qualifications
- Audit committee financial expert designation; deep finance/accounting proficiency .
- Extensive professional services operating leadership (KPMG) and international market experience (Europe, Latin America, Southeast Asia) .
- Strategic advisory background as CEO of RAR Management Services, LLC .
Equity Ownership
| Item | Value |
|---|---|
| Beneficial ownership as of March 14, 2025 (#) | — (reported as none) |
| Percent of class (%) | * (less than 1%) |
| Unvested RSUs excluded from beneficial ownership (#) | 3,441 (Outside Director program) |
| Unvested RSUs outstanding at FY2024 year‑end (#) | 3,077 |
| Feb 14, 2025 RSU grants (one‑year vest) (#) | 2,294 |
| Feb 14, 2025 RSU grants (three‑year vest) (#) | 1,147 |
| Shares pledged as collateral | None disclosed; pledging restricted by policy |
| Hedging of company stock | Prohibited by policy |
Alignment note: As of the beneficial ownership record date, Rivero reported no directly owned shares; alignment comes primarily through unvested RSUs and any deferral elections for vested RSUs under the outside director program .
Insider Trades / Share Repurchase Participation
| Date | Transaction | Shares | Price ($) | Program/Oversight |
|---|---|---|---|---|
| Feb 23, 2023 | Company repurchased shares from Rivero | 3,744 | 18.96 | Outside director repurchase program approved by Audit Committee; part of existing share repurchase program |
| Feb 23, 2024 | Company repurchased shares from Rivero | 3,282 | 24.34 | Outside director repurchase program approved by Audit Committee |
| Feb 19, 2025 | Company repurchased shares from Rivero | 3,077 | 30.78 | Outside director repurchase program approved by Audit Committee |
Governance Assessment
- Strengths: Independent director across all three standing committees; designated audit committee financial expert; consistent Board/committee attendance across FY2024 overall; independent‑only committees; regular executive sessions; robust hedging/pledging restrictions .
- Alignment: Annual cash retainer ($40k) plus equity RSUs; 2025 program shift to split vesting and higher grant value adds longer‑dated equity exposure for directors .
- Potential conflicts/related‑party exposure: No related‑party transactions involving Rivero other than Board‑approved director share repurchases conducted under a formal program and within the company’s existing repurchase authorization (oversight by Audit Committee) .
- Watch items / RED FLAGS to monitor: Limited disclosed direct share ownership as of March 14, 2025 (beneficial ownership reported as “—”), implying lower “skin‑in‑the‑game” outside of unvested RSUs/deferrals; age 83 suggests ongoing board refresh/succession planning considerations for committee continuity .