Richard Allison
About Richard E. Allison, Jr.
Richard E. Allison, Jr. (age 58) is an independent director of Kenvue, serving since May 2023. He is a former CEO of Domino’s Pizza, Inc., with prior partnership experience at Bain & Company, and holds a B.S. in Business Administration from the University of North Carolina at Chapel Hill and an MBA from UNC’s Kenan-Flagler Business School. At Kenvue, he serves on the Audit Committee and the Compensation & Human Capital Committee; he is not a committee chair. He also currently serves on Starbucks Corporation’s board and previously served on Domino’s board. His core credentials span executive leadership, international operations, strategy, brand development, finance, and risk oversight .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Domino’s Pizza, Inc. | Chief Executive Officer | 2018–2022 | Expanded to 20+ countries and 8,000+ stores during international leadership and CEO tenure; led largest global pizza chain by retail sales . |
| Domino’s Pizza, Inc. | President, Domino’s International; EVP, International | 2011–2018 | Drove global market development and international growth . |
| Bain & Company, Inc. | Partner; co-leader of restaurant practice | ~1999–2010; 1995–1997 | Advised leading consumer-facing brands on growth/operations . |
External Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Starbucks Corporation | Director (public) | 2019–Present | Board service at global consumer brand leader . |
| Domino’s Pizza, Inc. | Director (public) | 2018–2022 | Director during period of global expansion . |
| University of North Carolina at Chapel Hill | Trustee (nonprofit) | Current | Governance/oversight at alma mater . |
| UNC Kenan-Flagler Business School | Former Chair | Prior service | Leadership in business school governance . |
Board Governance
- Independence and tenure: Independent since May 2023; Kenvue’s board is majority independent with only the CEO non-independent at present .
- Committees: Member, Audit Committee (9 meetings in 2024); Member, Compensation & Human Capital Committee (6 meetings in 2024); neither role is as chair .
- Attendance: The board held 14 meetings in 2024; each director attended at least 75% of aggregate board and committee meetings (including director nominees) .
- Executive sessions: Independent directors hold executive sessions at every regularly scheduled board and committee meeting .
- Board leadership: Independent Chair (Larry J. Merlo) structure; committee chairs are independent; annual board/committee self-evaluations in place .
Fixed Compensation (Director)
| Element | Amount/Policy | Notes |
|---|---|---|
| Annual cash retainer | $100,000 | Standard non-employee director retainer; Allison “elected to receive additional DSUs in lieu of cash” per footnote (paid/credited via DSUs under plan election) . |
| Equity grant (DSUs) | $179,995 grant date fair value | Annual DSU award; DSUs vest immediately and are settled after board service ends; dividend equivalents credited in additional DSUs . |
| Committee chair fees | N/A for Allison | Chair retainers exist ($30k Audit; $25k Comp; $25k NGS), but Allison is not a chair . |
| 2024 total (reported) | $279,995 | Fees Earned or Paid in Cash: $100,000; Stock Award: $179,995 . |
Additional program features:
- Directors may convert cash retainers into DSUs; DSUs vest at grant and pay out post-board departure; settlement elections permitted in lump sum or 5/10 installments .
- Anti-hedging, anti-pledging, anti-short policy applies to directors .
Performance Compensation (Director)
| Component | Metrics/Design | Status |
|---|---|---|
| Annual incentive/bonus | None for non-employee directors | Kenvue’s director pay structure is retainer and DSUs; no performance-based director bonus metrics disclosed . |
Other Directorships & Interlocks
| Company | Type | Potential Interlock/Conflict |
|---|---|---|
| Starbucks Corporation | Public company board (current) | No Kenvue-related party transactions disclosed involving Allison; related-party disclosures in 2024/2025 name other directors (Hofstetter/Profitero; Perry/Circana), not Allison . |
| Domino’s Pizza, Inc. | Public company board (former) | No Kenvue-related party transactions disclosed involving Allison . |
- Overboarding policy: Kenvue limits non-executive directors to at most four public company boards (including Kenvue) absent board approval; Allison’s current known public boards (Kenvue, Starbucks) are within guidelines .
Expertise & Qualifications
- Executive leadership and strategy; brand marketing and sales; corporate governance; digital/technology; finance; global/international; risk and cybersecurity (as tagged in Kenvue’s skills matrix/profile) .
- Track record: At Domino’s, expansion to 20+ additional countries and ~8,000+ stores; deep experience advising consumer brands at Bain & Company .
Equity Ownership
| Measure | Value | Date/Notes |
|---|---|---|
| Beneficial ownership (total shares) | 48,112 | As of March 24, 2025 (includes any DSUs counted under “current shares beneficially owned”) . |
| DSUs held (director deferred fee account) | 22,318 | As of December 29, 2024 (aggregate DSUs including dividend equivalents) . |
| Ownership as % of outstanding | <1% | “*” denotes less than 1% in beneficial ownership table . |
| Director stock ownership guideline | 5x annual cash retainer ($500,000) | All directors were in compliance as of Dec 29, 2024; DSUs count toward guideline and must be held until departure . |
| Hedging/pledging status | Prohibited by policy | Directors barred from hedging, pledging, short-selling Kenvue securities . |
Governance Assessment
- Strengths for board effectiveness:
- Relevant consumer, international, and operating expertise; contributes to audit and pay oversight through Audit and Compensation & Human Capital committees .
- Strong ownership alignment: elected to receive retainers as DSUs; DSUs held until board departure; in compliance with 5x retainer guideline—reduces misalignment risk .
- No disclosed related-party transactions involving Allison; policy-driven prohibition on hedging/pledging .
- Engagement and attendance:
- Board met 14 times in 2024; each director met ≥75% attendance threshold; independent executive sessions at each regular meeting support robust oversight .
- Compensation governance backdrop:
- CHCC independent and uses independent consultant (Semler Brossy); 2024 Say-on-Pay support ~97% indicates broad investor endorsement of pay practices (contextual governance signal) .
- RED FLAGS:
- None disclosed specific to Allison. No related-person transactions, no pledging/hedging, and attendance threshold met; overboarding within policy .