Huibert Vigeveno
KBRAbout Huibert H. Vigeveno
Huibert H. Vigeveno, age 55, was appointed as an independent director of KBR effective August 5, 2025, with his initial term expiring at KBR’s 2026 annual meeting of stockholders. He brings 30 years of global energy sector leadership from Shell, including executive committee service and responsibility for Downstream, Renewables & Energy Solutions; he holds an MBA from Erasmus University Rotterdam. KBR’s Board determined he is independent under NYSE and SEC rules, and he will step down from Shell in September 2025.
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Shell plc | Executive Committee member; Director, Downstream, Renewables & Energy Solutions | Jan 2020–Mar 2025 | Led energy transition-linked portfolio and downstream operations |
| Shell plc | EVP, Global Commercial | 2017–2019 | Commercial leadership across global markets |
| BG Group (Shell integration) | Transition CEO; Integration Lead | 2015–2016 | Led post-acquisition integration in the U.K. |
| Shell China | Executive Chairman | 2012–2015 | Oversaw China operations, strategy, and growth |
| Shell Supply & Distribution (Europe & Africa) | Vice President | 2009–2012 | Supply chain and distribution leadership across regions |
| Shell (earlier career) | Roles in Chemicals, Shell Capital, LPG, Lubricants | 1995–2009 | Sales, marketing, strategy, general management across NL, UK, USA, Mexico, Brazil |
External Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| KBR, Inc. | Independent Director | Aug 2025–present | Board-level governance and strategy |
| Shell plc | Senior executive roles (see Past Roles) | 1995–Sep 2025 (stepping down) | Energy transition, downstream leadership |
No other public-company directorships were disclosed at appointment.
Board Governance
- Committee assignments: Nominating & Corporate Governance Committee; Sustainability, Technology & Cybersecurity Committee (appointed Aug 20, 2025). Not a committee chair.
- Independence: Board determined he is an “independent” director under NYSE/SEC and a “non-employee director” under Exchange Act Rule 16b-3.
- Term and engagement: Appointed Aug 5, 2025; term expires at the 2026 annual meeting. Form 3 filed Aug 7, 2025.
- Attendance: No individualized attendance disclosed yet for 2025 meetings given mid-year appointment. (KBR generally reported 97% overall attendance in 2024, but Vigeveno was not on the Board then.)
Fixed Compensation
| Component | Amount | Structure/Notes |
|---|---|---|
| Annual cash retainer (non-executive director) | $120,000 | Paid quarterly |
| Committee chair fees | $20,000–$25,000 | Only for chairs; not currently applicable to Vigeveno |
| Lead Independent Director retainer | $45,000 | Only for LID; not applicable |
| Annual RSU grant | $175,000 grant-date value | Standard director arrangement increased from $170k; RSUs vest in full after six months (per KBR’s director program) |
| Elective deferral plan | Available | May elect to defer cash/equity; option to convert cash to RSUs |
Performance Compensation
- Directors do not receive performance-based bonuses or options; equity is time-based RSUs only.
- No director-specific performance metrics (e.g., EPS/TSR) tied to director pay are disclosed.
| Metric Category | Metric | Weighting | Target/Outcome |
|---|---|---|---|
| Director pay metrics | None (time-based RSUs only) | N/A | N/A |
Other Directorships & Interlocks
| Company | Relationship | Potential Interlock/Conflict | Status |
|---|---|---|---|
| Shell plc | Former executive; stepping down Sep 2025 | Potential informational ties to a major energy customer/supplier landscape | Board disclosed no related-party transactions under Item 404(a) at appointment; Board determined independence |
Expertise & Qualifications
- Energy transition and downstream operations leadership; global supply/distribution, M&A/integration expertise (BG Group integration).
- Strategy, commercial execution, and international market experience (UK, NL, US, Mexico, Brazil, China).
- Education: MBA, Erasmus University Rotterdam (Netherlands).
Equity Ownership
| Item | Detail |
|---|---|
| Initial beneficial ownership (Form 3) | No securities beneficially owned at appointment (filed Aug 7, 2025) |
| Ownership guidelines | Directors must own KBR stock equal to 5x annual cash retainer within five years of joining the Board |
| Hedging/pledging | Prohibited for directors (anti-hedging policy; no pledging) |
| Expected equity awards | Entitled to standard annual RSU grant for directors; value increased to $175,000 |
Governance Assessment
- Strengths: Deep energy and industrial expertise aligned with KBR’s Sustainable Technology Solutions and energy-transition work; adds global commercial, integration, and M&A skillset to the Board. Committee placements (Nominating & Corporate Governance; Sustainability/Technology/Cybersecurity) match his background, supporting board effectiveness in strategy, ESG, and tech oversight. Independence affirmed; no related-party transactions under Item 404(a) disclosed.
- Alignment: Standard director pay structure mixes cash and time-based RSUs with six-month vesting, plus ownership guidelines (5x retainer in five years), promoting long-term alignment; anti-hedging/pledging policies further protect shareholder interests.
- Monitoring points: Ensure timely accumulation toward ownership guidelines given initial zero holdings; track any KBR-Shell commercial interactions post-appointment for potential perceived conflicts, noting current disclosure of no related-party transactions at appointment.
- Red flags: None disclosed at appointment; independence confirmed and no Item 404(a) related-party transactions. Continue oversight as committee roles mature.