David Nord
JELD-WEN HoldingAbout David G. Nord
Independent Board Chair of JELD-WEN Holding, Inc.; age 67; director since 2021. Former Executive Chairman and CEO of Hubbell Incorporated, with prior CFO roles at Hubbell and Hamilton Sundstrand and Controller at United Technologies, giving deep finance, M&A, and governance credentials. Education: B.S. in business administration, University of Hartford .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Hubbell Incorporated | Executive Chairman; CEO; Chairman; President; COO; SVP & CFO | 2005–2021 (various roles) | Led M&A (e.g., $1.1B Aclara acquisition), manufacturing consolidation, net sales growth to ~$4.6B; governance through dual-class reclassification |
| Hamilton Sundstrand | Vice President, Finance; CFO | 2003–2005 | Corporate finance and operations oversight |
| United Technologies | Vice President, Controller | 2000–2003 | Financial reporting and controls |
External Roles
| Company | Role | Committee Positions | Tenure |
|---|---|---|---|
| Ryder System, Inc. | Director | Audit Committee Chair | 2018–present |
| Hubbell Incorporated | Director | Executive and Finance Committees (as executive/board leader) | 2013–2021 |
Board Governance
- Role: Independent Chair; not assigned to standing committees. Chair responsibilities include presiding at executive sessions, approving board agendas/schedules, facilitating communication with management, and engaging major stockholders as needed .
- Committee membership: None at JELD-WEN (as of March 13, 2025) .
- Independence: Board affirmatively determined Nord is independent under NYSE rules and Exchange Act Rule 10A-3(b)(1) .
- Attendance: Board held 11 meetings in 2024; all directors met at least 75% attendance and attended the 2024 annual meeting .
- Executive sessions: Independent directors meet in executive session at all board meetings; Chair presides .
- Mandatory retirement age: 75 for non-employee directors .
Fixed Compensation
| Component (2024) | Amount | Notes |
|---|---|---|
| Annual cash retainer | $100,000 | Standard director retainer |
| Chair additional cash retainer | $180,000 | Independent Chair premium |
| Committee chair fees | N/A | Not applicable; Nord is not a committee chair |
| Meeting fees | None | Board and committee meeting fees not paid |
| Annual equity retainer (RSUs) | $150,000 | RSUs vest one year from grant; 7,153 RSUs granted on April 25, 2024 |
| Total 2024 director compensation | $430,000 | $280,000 cash + $150,000 stock awards |
Performance Compensation
| Element | Design | Metrics | Vesting |
|---|---|---|---|
| Director equity | Time-based RSUs | No performance metrics disclosed for directors | One-year vest from grant date |
Note: Director compensation at JELD-WEN is not performance-conditioned; RSUs are time-vested. No bonus/option programs are disclosed for non-employee directors .
Other Directorships & Interlocks
| Type | Detail |
|---|---|
| Public company boards | Ryder System, Inc. (Audit Chair); Hubbell Incorporated (former) |
| Compensation committee interlocks | None reported for JELD-WEN’s Compensation Committee in the past year |
| Potential interlocks/conflicts | No related-party transactions involving directors reported for 2024; governance review policy in place |
Expertise & Qualifications
- Financial oversight and operations acumen from CFO roles and audit chair experience; deep valuation/accounting background .
- Strategic M&A leadership (decades of negotiations; e.g., Aclara acquisition) and portfolio optimization/manufacturing efficiency initiatives .
- Governance best practices from tenure as chairman/executive chairman and committee leadership, including stock structure reclassification .
Equity Ownership
| Holder | Shares Beneficially Owned | Notes |
|---|---|---|
| David G. Nord | 51,486 | Includes 40,000 via David G. Nord Revocable Trust and 7,153 RSUs vesting within 60 days of record date; voting/investment control retained |
| Ownership guidelines | 5× annual cash retainer | Directors must attain within five years; all non-employee directors were in compliance or on track as of Dec 31, 2024 |
| Hedging/pledging | Prohibited | Company policy bans hedging/pledging; only one legacy pledge (Wendt) remains grandfathered from pre-IPO; board removed waiver ability in 2021 |
Governance Assessment
- Alignment signals: Independent Board Chair with defined responsibilities; strong stock ownership guidelines for directors; Nord holds shares directly and via trust; independent status confirmed; board maintained high attendance and year-round executive sessions of independent directors .
- Compensation structure: Cash-heavy chair retainer paired with time-vested RSUs; no director performance-linked equity, which limits direct pay-for-performance for directors but aligns via ownership requirements and anti-hedging/pledging policies .
- Related-party/Conflicts: No related-party transactions reported in 2024; no compensation committee interlocks; anti-hedging/pledging policy is robust; Nord has no disclosed pledges .
RED FLAGS
- None specific to Nord disclosed: no pledging, no related-party transactions, and no interlocks; the only pledge at board level is a grandfathered legacy by another director (Wendt), which the board cannot waive under updated policy—mitigating governance risk .