Jean Hobby
Director at ITGR
Board
About Jean Hobby
Jean Hobby (age 64) is an independent director of Integer Holdings (ITGR) since 2015. She spent 33 years at PricewaterhouseCoopers (PwC), serving as Global Strategy Partner (2013–2015), Technology, Media & Telecom Sector Leader (2008–2013), and Chief Financial Officer (2005–2008); she joined PwC in 1983 and became a partner in 1994. She is designated an Audit Committee Financial Expert and currently serves on Integer’s Audit, Corporate Governance & Nominating, and Technology Strategy committees; she is also a director at Texas Instruments and Hewlett Packard Enterprise, serving on their Audit Committees. The Board has determined she is independent under NYSE standards.
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| PricewaterhouseCoopers (PwC) | Global Strategy Partner | 2013–2015 | Senior leadership and strategy across global operations |
| PricewaterhouseCoopers (PwC) | Technology, Media & Telecom Sector Leader | 2008–2013 | Led TMT sector globally, industry expertise |
| PricewaterhouseCoopers (PwC) | Chief Financial Officer | 2005–2008 | Firmwide finance leadership |
| PricewaterhouseCoopers (PwC) | Various roles (joined 1983; partner 1994) | 1983–2015 | Broad global operations, financial and accounting experience |
External Roles
| Organization | Role | Tenure | Committees |
|---|---|---|---|
| Texas Instruments Incorporated | Director | Current | Audit Committee |
| Hewlett Packard Enterprise Company | Director | Current | Audit Committee |
| CA, Inc. | Director | Former | — |
Board Governance
- Current Integer committee assignments: Audit; Corporate Governance & Nominating; Technology Strategy. She is also formally designated as an Audit Committee Financial Expert. Not a committee chair.
- Independence: Board determined 9 of 10 nominees, including Hobby, are independent; the Board affirmed independence in its annual review.
- Attendance and engagement: Board held 8 meetings in 2024; each director attended at least 75% of Board and applicable committee meetings; Audit Committee met 8x; CG&N met 4x; Technology Strategy met 4x. Independent directors also met in regular executive sessions.
- Leadership: Board has an independent, non-executive Chair (Pamela G. Bailey).
- Shareholder alignment practices: Anti-hedging and anti-pledging policy applies to directors; annual say-on-pay support at ~98% in the prior year; clawback policy (executive-focused) in place.
Fixed Compensation (Non-Employee Director – 2024)
| Component | Amount |
|---|---|
| Fees Earned or Paid in Cash ($) | $99,282 |
| Stock Awards ($) | $179,924 |
| Total ($) | $279,206 |
- Program structure (2024): Base cash retainer $80,000 for non-employee directors; additional cash for roles (e.g., Chair of the Board $60,000; Audit Committee Chair $20,000; Comp Chair $15,000; CG&N Chair $10,000; Technology Strategy Chair $10,000; Audit Committee member $10,000). Equity retainer $180,000 in RSUs ($240,000 for Board Chair), generally granted at the annual meeting and vesting in four installments (3-, 6-, 9-months, and final on May 20, 2025).
Performance Compensation
| Award Type | Performance Metric(s) | Grant/Value | Vesting |
|---|---|---|---|
| RSUs (Director equity retainer) | None (time-based only) | $179,924 (2024) | 4 equal installments: 3-, 6-, 9-months after grant; final installment on May 20, 2025 |
Note: Integer does not use performance-based equity (e.g., PSUs) or options for non-employee directors based on the 2024 program disclosure.
Other Directorships & Interlocks
| Category | Detail |
|---|---|
| Current public company boards | Texas Instruments (Audit Committee); Hewlett Packard Enterprise (Audit Committee) |
| Prior public company boards | CA, Inc. |
| Compensation Committee interlocks | None disclosed involving Hobby; 2024 Compensation Committee members listed did not have Item 404 relationships. |
| Related-party transactions | None in 2024 under the Company’s related-person transaction policy. |
Expertise & Qualifications
- Audit Committee Financial Expert; deep expertise in accounting, finance, risk oversight, and global operations.
- Former PwC CFO; senior leadership across global strategy and TMT sector.
- Public company governance experience across three boards (current and prior).
Equity Ownership
| Metric | Value |
|---|---|
| Beneficial ownership (3/24/2025) | 6,006 shares; includes 3,726 shares issuable from RSUs vested or vesting within 60 days; <1% of outstanding shares. |
| Director stock ownership guideline | Minimum 6,000 shares within five years; each director has achieved the guideline (including Hobby). |
| Hedging/pledging | Prohibited for directors; no pledging disclosed. |
Insider Trading and Section 16
| Item | Status |
|---|---|
| Section 16(a) timeliness | Company reports no Section 16(a) filing delinquencies for 2024. |
| Open-market trades (last year) | Not disclosed in proxy; no related-person transactions reported. |
Governance Assessment
- Strengths for investor confidence:
- Independence, strong attendance, and multi-committee service (Audit; CG&N; Technology Strategy) with Audit Committee Financial Expert designation.
- Ownership alignment: meets director ownership guideline (≥6,000 shares) and subject to anti-hedging/anti-pledging policy.
- Transparent director pay structure with balanced cash/equity and caps on director equity awards and fees.
- No related-party transactions; no compensation committee interlocks involving Hobby; robust board evaluation and regular executive sessions.
- Shareholder support indicated by 98% say-on-pay approval in the prior year.
- Potential watch items:
- Multiple external audit committee roles (TI and HPE) elevate time commitments; however, Integer reports each director met the ≥75% attendance threshold in 2024, and Hobby is not flagged for attendance issues.