Alex Vander Linde
About Alex Vander Linde
Alex Vander Linde (age 34) joined Informatica’s Board in February 2025 and is a Managing Director at Permira, bringing a finance and technology investing background. He holds a B.B.A. in Finance from the University of Notre Dame and an M.B.A. from Northwestern Kellogg. He serves on Informatica’s Nominating & Corporate Governance Committee and is classified as an independent director under NYSE standards. Informatica has a controlled-company status, but the Board determined nine of ten directors (including Vander Linde) are independent. Years of service on this board: 2025–present .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Informatica Inc. | Independent Director | Feb 2025–present | Member, Nominating & Corporate Governance Committee |
| Permira | Managing Director | Jul 2015–present | Technology investing expertise supporting sponsor oversight |
External Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Permira | Managing Director | Jul 2015–present | Sponsor representative experience; no other public company directorships disclosed in proxy |
Board Governance
- Committee assignments: Nominating & Corporate Governance Committee member (Chair: Jill Ward; members: Ward, Ruggiero, Vander Linde). Appointed in Feb 2025 in connection with his Board appointment .
- Independence: Board determined Vander Linde is independent under NYSE standards (nine of ten directors). Informatica is a controlled company, so independence requirements are modified except audit; audit committee remains fully independent .
- Attendance and engagement: The Board held 12 meetings in FY2024; all directors met at least 75% attendance; eight directors attended the 2024 annual meeting. Vander Linde joined in 2025, so FY2024 attendance data does not apply to him .
- Executive sessions: Non-management directors meet regularly; Chair Bruce Chizen presides .
- Sponsor rights: Permira and CPP Investments have nomination rights and committee appointment rights (excluding audit), and—while each owns ≥15%—affirmative veto rights on specific major actions (board size changes, CEO termination, change in control, acquisitions/dispositions/incurrence >$300M, corporate opportunity changes) .
Fixed Compensation
| Component | Amount | Notes |
|---|---|---|
| Annual cash retainer | $0 | Classified as a “non-compensated director” (sponsor-affiliated). Non-compensated directors do not receive cash or equity under the Director Compensation Policy . |
| Committee membership fees | $0 | Non-compensated status overrides standard member fees ($7,500 for nom/gov members) . |
| Committee chair fees | $0 | Not a chair; and non-compensated status applies . |
| Meeting fees | $0 | Company does not pay per-meeting fees; retainer-only model for compensated directors . |
| Expense reimbursement | Reasonable travel expenses reimbursed | Applies to all non-employee directors, including non-compensated . |
Policy reference for compensated outside directors (not applicable to Vander Linde due to non-compensated status): Annual cash retainer $55,000; audit chair $28,500; comp chair $20,000; nom/gov chair $15,000; audit member $12,500; comp member $10,000; nom/gov member $7,500 .
Performance Compensation
| Equity Component | Value at Grant | Vesting | Change-in-Control Treatment | Applicability to Vander Linde |
|---|---|---|---|---|
| Initial RSU Award (new non-employee directors) | $480,000 (effective Jan 1, 2025; previously $450,000) | 3-year annual vesting | Full acceleration upon change in control if service continues through transaction | Not eligible as non-compensated director . |
| Annual RSU Award (non-employee directors) | $240,000; $340,000 for Board Chair (effective Jan 1, 2025) | One year or until next annual meeting | Full acceleration upon change in control if service continues through transaction | Not eligible as non-compensated director . |
Note: Informatica does not use performance-conditioned equity for directors; director equity is time-based RSUs. Vander Linde’s non-compensated status excludes him from these awards .
Other Directorships & Interlocks
| Individual | Affiliation | Interlock/Context |
|---|---|---|
| Alex Vander Linde | Managing Director, Permira | Sponsor-affiliated independent director; member of nom/gov committee . |
| Ryan Lanpher | Partner and Co-Head of Technology, Permira | Director; compensation committee member; Permira sponsor representative . |
| Bruce Chizen | Senior Adviser to Permira; Chair of Board | Independent; senior adviser relationship with sponsor . |
| Austin Locke | Managing Director, CPP Investments | Director; compensation committee chair; CPP sponsor representative . |
| Cesare Ruggiero | Managing Director, CPP Investments | Director; nom/gov committee member; CPP sponsor representative . |
Sponsor governance overlay: Permira (31.9% of Class A; 27.3% total voting power) and CPP Investments (25% of Class A; 100% of Class B‑1; combined veto rights when ≥15% ownership each) maintain board nomination and certain committee appointment rights (excluding audit) .
Expertise & Qualifications
- Finance and technology investing expertise from Permira; core credentials in capital allocation and software/tech private equity .
- Education: B.B.A. in Finance (Notre Dame); M.B.A. (Northwestern Kellogg) .
- Board role focus: Corporate governance, sustainability oversight, succession planning, and conflicts oversight within nom/gov remit .
Equity Ownership
| Holder | Class A Shares | % Class A | Class B‑1 Shares | % Class B‑1 | Class B‑2 Shares | % Class B‑2 | Notes |
|---|---|---|---|---|---|---|---|
| Alex Vander Linde | 0 | <1% | 0 | — | 0 | — | No personal beneficial ownership disclosed . |
| Permira-affiliated entities | 82,238,811 | 31.9% | 0 | — | 0 | — | EvomLux S.à r.l., Ithaca L.P.; voting/investment power controlled via Permira funds governance; Lanpher/Vander Linde disclaim beneficial ownership . |
| CPP Investments | 64,379,838 | 25.0% | 44,049,523 | 100.0% | 0 | — | Combined sponsor voting power and special rights; B‑2 voting arrangement separate entity aligned with CPP . |
Alignment policies:
- Director stock ownership guidelines apply to compensated outside directors; non-compensated directors are excluded from guidelines (minimum 5x annual cash retainer for applicable directors within five years) .
- Anti-hedging and anti-pledging policy applies to executives and non-employee directors, prohibiting hedging and pledging/margining of company stock .
Governance Assessment
- Independence vs. sponsor affiliation: Despite Permira affiliation, the Board determined Vander Linde is independent under NYSE standards; however, Informatica’s controlled-company status and sponsor rights (nomination, committee appointments excluding audit, and veto on material actions while ≥15% ownership) indicate elevated sponsor influence. This can constrain board autonomy, particularly on strategic transactions and CEO changes. RED FLAG: Concentrated sponsor rights and multiple sponsor-affiliated directors (Permira, CPP) create potential conflicts and interlocks that require robust committee oversight .
- Committee placement: Vander Linde sits on the nom/gov committee that oversees corporate governance practices, potential conflicts (other than related-party transactions handled by the audit committee), sustainability, and succession planning—appropriate given independence designation, but sponsor affiliation warrants continued monitoring of conflict review rigor .
- Director pay alignment: As a non-compensated director, Vander Linde receives no cash retainer or equity awards, reducing direct pay-for-performance alignment to shareholders via director equity. Alignment stems from sponsor economic exposure rather than personal share ownership. This is typical in sponsor-controlled contexts but may dilute individual director ownership incentives. RED FLAG: No personal ownership combined with sponsor influence could weaken perceived individual “skin-in-the-game” .
- Attendance and engagement: FY2024 Board attendance was strong overall; Vander Linde joined in 2025, so prior-year attendance data not applicable. The Board held 12 meetings, with regular executive sessions, and clear committee charters—baseline governance process appears sound .
- Related-party transactions controls: Audit committee reviews related-party transactions; policies require fairness and independence considerations. Registration rights enabled a November 2024 secondary offering by sponsors; governance processes should ensure equitable treatment and transparency. No loans or similar director-related transactions disclosed. Mitigant: formal related-party review procedures .
- Risk mitigants: Anti-hedging/pledging policy for directors; fully independent audit committee; clawback policy applies to executives; director equity acceleration on change-of-control only applies to compensated directors (not Vander Linde) .
Fixed Compensation
| Item | FY2025 Status for Vander Linde | Detail |
|---|---|---|
| Annual Retainer (cash) | $0 | Non-compensated director (sponsor-affiliated) . |
| Committee Membership Fees | $0 | Non-compensated director status . |
| Committee Chair Fees | $0 | Not applicable; not a chair and non-compensated . |
| Meeting Fees | $0 | Company does not pay per-meeting fees . |
Performance Compensation
| Metric | Structure | Applicability |
|---|---|---|
| Director RSUs (time-based) | Initial $480k; Annual $240k ($340k Chair); standard vesting schedules | Not applicable to non-compensated directors like Vander Linde . |
Other Directorships & Interlocks
| Category | Detail |
|---|---|
| Other public company boards (current) | None disclosed for Vander Linde in the proxy . |
| Private/NGO boards | Not disclosed in proxy . |
| Interlocks | Multiple sponsor-affiliated directors (Permira, CPP) and a Chair with Permira advisory ties; sponsor committee appointment rights (excluding audit) . |
Equity Ownership
| Holder | Shares Owned (Direct/Indirect) | Ownership % | Notes |
|---|---|---|---|
| Alex Vander Linde | 0 | <1% | No beneficial ownership disclosed . |
Governance Focus Areas Summary
- Committee assignments, chair roles, expertise: Nom/gov member; finance/tech investing; no chair role .
- Independence status, attendance, engagement: Independent; 2024 attendance not applicable; Board and committee structures robust .
- Director compensation mix and ownership alignment: Non-compensated; no RSUs/retainers; excluded from director ownership guidelines; alignment via sponsor stakes, not personal holdings .
- Potential conflicts or related-party exposure: Sponsor nomination and veto rights; committee appointment rights; advisory ties; audit committee oversees related-party transactions under formal policy. RED FLAGS present due to concentrated sponsor governance rights and multiple sponsor-affiliated directors .
Overall implication: Vander Linde’s independence designation and committee role are balanced against strong sponsor governance rights and interlocks. Investors should monitor decisions on CEO succession, M&A, and capital structure where sponsor veto applies, and assess whether independent directors, including Vander Linde, exercise effective oversight to mitigate potential conflicts .