Alain Monié
About Alain Monié
Alain Monié (age 74) is Non-Executive Chairperson of the Board at Ingram Micro Holding Corporation (INGM), serving as a director since October 2024 following his retirement as Executive Chairman on October 24, 2024. He previously served as Ingram Micro’s Chief Executive Officer from January 2012 to January 2022, with earlier leadership roles including EVP and President of Asia-Pacific, and President & COO; he also served as CEO of APRIL Management Pte and held senior roles at Allied Signal/Honeywell across three continents. He holds an MBA from Institut Supérieur des Affaires (HEC Group) and high honors in automation engineering from ENSAM, France .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Ingram Micro Holding Corporation | Non-Executive Chairperson of the Board | Director since Oct 2024 | Separate Chair/CEO structure; board oversight of strategy, succession, ERM, compensation |
| Ingram Micro (operating company) | Executive Chairman | Jan 1, 2022 – Oct 24, 2024 | Transition agreement governing compensation and retirement at IPO |
| Ingram Micro (operating company) | Chief Executive Officer | Jan 2012 – Jan 2022 | Led global operations and strategy |
| Ingram Micro | EVP; President Asia-Pacific; President & COO | 2003–2010; rejoined Nov 2011 as President & COO | Global operations leadership |
| APRIL Management Pte | Chief Executive Officer | Prior to Nov 2011 | Multinational industrial leadership (Singapore) |
| Allied Signal Inc. / Honeywell International | Executive roles | Earlier career | Multi-continent operating/industrial experience |
External Roles
| Organization | Role | Tenure | Committees/Notes |
|---|---|---|---|
| AES Corporation | Director | Current | Public company board service |
| Expeditors International of Washington, Inc. | Director | Until 2020 | Public company board service |
Board Governance
- Role and committees: Non-Executive Chairperson; not a member of Audit, Compensation, or Nominating and Corporate Governance committees .
- Independence: The Board affirmatively identified four independent directors (Felicia Alvaro, Jakki Haussler, Leslie Heisz, Sharon Wienbar); Monié is not listed among independent directors and is a former executive, within a controlled company structure .
- Attendance: Board held one meeting in FY2024 (post-IPO); each director attended 100% of Board and their committee meetings .
- Board structure: Chair and CEO roles separated (Monié as Chair; Paul Bay as CEO); directors meet in executive session with the Chair typically presiding .
- Controlled company: Platinum Equity controls ~90% of voting power; the Board does not have a majority of independent directors under NYSE controlled company exemptions .
Fixed Compensation
| Component | Amount/Terms | Period/Date | Notes |
|---|---|---|---|
| Annual cash retainer (policy) | $100,000 | Ongoing | Non-employee directors; paid quarterly |
| Audit Chair additional retainer (policy) | $35,000 | Ongoing | Applies to Audit Committee Chair; not applicable to Monié |
| Annual director RSU (policy) | $185,000 grant value | Granted at annual meeting; vests at next annual meeting or 1-year anniversary | Standard non-employee director equity |
| 2024 director cash retainer received | $25,000 | FY2024 | Partial-year director service post-IPO |
| 2024 director RSU grant | 8,409 RSUs; $184,998 grant-date fair value | Oct 23, 2024 | Vests in full on Oct 23, 2025 |
Performance Compensation
| Metric | Threshold | Target | Maximum | Actual | Funding/Trigger |
|---|---|---|---|---|---|
| Non-GAAP EBITDAR ($USD millions) | $1,198.5 | $1,410.0 | $1,762.5 | $1,300.8 | EIP pool funded at 74.19% |
| MOIC trigger (PSUs for NEOs; not applicable to Monié in 2024) | 2.0x | 2.5x | — | — | 50% PSUs vest at 2.0x; remaining 50% at 2.5x |
Additional equity under transition agreement (non-director performance award):
- Transition RSU (IPO-related): 90,909 RSUs granted Oct 23, 2024; vested in full on first trading day; $1,999,998 grant-date value; value realized on vesting $1,999,998 at $22.00 IPO price .
Monié was not eligible for the EIP/MBO program in 2024 following his transition to Executive Chairman and retirement timeline .
Other Directorships & Interlocks
| Company | Overlap/Interlock | Notes |
|---|---|---|
| AES Corporation | External directorship | Monié currently serves; within INGM policy limits on external boards |
| Expeditors International | External (until 2020) | Prior board service |
| Platinum-related Board influence | Controlled company environment | Platinum has nomination rights and representation across committees per Investor Rights Agreement; at least one Platinum-designated director on each committee (subject to legal/exchange rules) . |
Expertise & Qualifications
- Senior operating executive with extensive international, technology distribution, and industrial experience; prior CEO and COO roles at Ingram Micro and APRIL Management Pte .
- Education: MBA (Institut Supérieur des Affaires/HEC Group); high honors in automation engineering (ENSAM) .
- Board-level qualifications noted by INGM: deep knowledge of operations, strategy, succession planning, ERM, and governance implementation .
Equity Ownership
| Item | Detail | As of/Date | Source |
|---|---|---|---|
| Total beneficial ownership | 1,327,384 shares (<1% of outstanding) | April 10, 2025 | |
| Unvested director RSUs | 8,409 RSUs; market value $164,732 at $19.59 | Dec 27, 2024 | |
| RSUs vested at IPO (transition) | 90,909 RSUs; value realized $1,999,998 at $22.00 | Oct 24, 2024 | |
| Stock pledging/hedging | Company policy prohibits pledging, short sales, hedging, margin accounts | Policy adopted at IPO | |
| Director ownership guidelines | 5x annual base director retainer ($100,000) required; retain 50% of net shares until met | Ongoing; 63-day average price basis | |
| Guideline compliance | Monié has met director stock ownership guideline; others generally have not | As of proxy date |
Governance Assessment
- Board leadership and independence: Monié is Non-Executive Chair, but not classified as independent; INGM is a controlled company under NYSE rules with Platinum holding ~90% voting power, and the Board does not have a majority of independent directors .
- Committee roles: Monié does not sit on Audit, Compensation, or Nominating & Corporate Governance committees, reducing direct committee-level conflict exposure; he presides over executive sessions as Chair .
- Attendance/engagement: 100% attendance by all directors and committees in FY2024 (post-IPO), indicating strong engagement .
- Compensation alignment: As a non-employee director, compensation comprises a $100,000 annual cash retainer and an annual RSU grant of $185,000 vesting by the next annual meeting; Monié received an IPO-year prorated $25,000 cash retainer and 8,409 RSUs vesting one year from grant .
- Transition award optics: Monié received a $2,000,000 RSU grant under his transition agreement that vested at IPO; he waived CIC Plan rights and was not eligible for EIP/MBO post-2021, mitigating severance and bonus-related conflicts .
- Controlled company red flags: Platinum’s Investor Rights Agreement grants nomination rights and requires committee inclusion of Platinum designates (subject to rules), and INGM paid Platinum Advisors $20.4 million in management fees prior to terminating the Advisory Agreement at IPO; these factors signal heightened related-party influence and potential governance risk .
- Ownership alignment: Director stock ownership guidelines require 5x base compensation; Monié has met the guideline, and company policy prohibits hedging/pledging—positive alignment signals .
RED FLAGS
- Controlled company status with Platinum (~90% voting power) and director/committee nomination rights reduces board independence and may concentrate influence .
- Advisory Agreement fees ($20.4 million in 2024) to Platinum Advisors pre-IPO underscore related-party transactions; though terminated at IPO, historical exposure is material .
- Monié is not designated independent under Board determinations; combined with controlled company exemptions, investors should monitor governance safeguards .
Notes on Compensation Structure and Metrics
- Director compensation is fixed (cash retainer) plus time-based RSUs; no options or performance-based director awards disclosed for Monié. INGM’s executive pay uses Non-GAAP EBITDAR for annual incentives and MOIC triggers for PSUs; Monié was not eligible for EIP in 2024 and did not receive PSUs .
Related Party Transactions Context
- Investor Rights Agreement grants Platinum nomination and committee presence rights, with vacancies filled by Platinum while entitled; registration rights and reimbursement/indemnification if Platinum Advisors is retained .
- Advisory Agreement with Platinum Advisors terminated at IPO; management fee totaled $20.4 million in 2024 .
- Prior large dividend ($~1.75B) paid in 2022 to stockholders including Platinum upon CLS sale; INGM began regular quarterly dividends in March 2025 ($0.074 per share) including Platinum .