Susan St. Ledger
About Susan St. Ledger
Independent Class III director at Klaviyo (KVYO) since 2023; age 60. Former President, Worldwide Field Operations at HashiCorp (July 2023–March 2025) and previously held senior go-to-market leadership roles at Okta, Splunk, Salesforce, and Buddy Media. She holds a B.S. in Computer Science from the University of Scranton. Klaviyo’s Board affirmatively determined she is independent under NYSE and SEC standards; her current term runs until the 2026 annual meeting.
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| HashiCorp (NASDAQ: HCP; acquired by IBM) | President, Worldwide Field Operations | Jul 2023 – Mar 2025 | Led global field go-to-market during and through sale to IBM |
| Okta (NASDAQ: OKTA) | President, Worldwide Field Operations | Feb 2021 – Jan 2023 | Scaled enterprise GTM for identity/access management |
| Splunk (NASDAQ: SPLK) | President, Worldwide Field Operations; earlier SVP & Chief Revenue Officer | Oct 2017 – Jan 2021; May 2016 – Oct 2017 | Drove data analytics GTM and revenue organization |
| Salesforce (NYSE: CRM) | Chief Revenue Officer, Marketing Cloud; prior senior sales roles | Aug 2012 – Mar 2016; earlier roles at Salesforce and Sun Microsystems | SaaS sales leadership; marketing cloud monetization |
| Buddy Media | President | Mar 2012 – Aug 2012 | Transitioned platform into Salesforce following acquisition |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| HashiCorp | Director | Nov 2019 – Mar 2025 | Board tenure ended upon IBM acquisition |
| — | Current public company boards | — | None |
Board Governance
- Committee assignments: Compensation Committee member; the committee is chaired by Chano Fernandez; other member: Michael Medici. Compensation Committee members meet enhanced independence standards; no interlocks or insider participation disclosed.
- Independence: Board determined all directors except CEO Andrew Bialecki and Ed Hallen are independent (includes St. Ledger).
- Attendance and engagement: Board held five meetings in 2024; each director attended at least 75% of Board and applicable committee meetings; all directors attended the 2024 annual meeting. Non-management directors held four executive sessions in 2024 led by the Lead Independent Director (Tony Weisman).
- Governance processes: Compensation Committee retains independent consultant Compensia (no conflicts) and oversees director pay; the Board maintains Corporate Governance Guidelines and an Insider Trading Policy.
Fixed Compensation
| Element | 2024 Amount | Notes |
|---|---|---|
| Board annual cash retainer | $33,000 | Policy amount for non-employee directors |
| Compensation Committee member retainer | $7,500 | Policy amount |
| Total cash fees (actual paid 2024) | $40,500 | Reported for St. Ledger |
| Meeting fees | $0 | Not provided in policy (none disclosed) |
Performance Compensation
| Equity Component | 2024 Stock Awards ($) | Grant Structure | Vesting | Unvested at 12/31/2024 (shares) |
|---|---|---|---|---|
| Annual RSU grant | $192,652 | Non-employee director annual grant; policy target $200,000 | Vests in full by 1-year anniversary or next annual meeting; accelerated on sale of company | 55,199 |
| Initial RSU grant (on first joining board) | — (prior year policy) | $400,000 policy value | Vests in three equal annual installments; accelerated on sale of company | — (not separately itemized in 2024 table) |
Note: Director equity is time-based RSUs; no performance-vesting metrics are disclosed for directors.
Other Directorships & Interlocks
| Company | Relationship | Interlock/Overlap | Governance Note |
|---|---|---|---|
| HashiCorp | Former director (2019–2025) | Ended with IBM acquisition | Adds board experience in enterprise software and cloud infra |
| Okta | Former President, Worldwide Field Ops | Overlapped with KVYO President Steve Rowland (Okta CRO Mar 2021–Jun 2023) | Familiarity with a current KVYO NEO; monitor Compensation Committee judgments for perceived bias (no related-party transaction disclosed) |
Expertise & Qualifications
- Go-to-market leadership at scale in SaaS and infrastructure (Splunk, Okta, HashiCorp) and prior CRO roles.
- Board experience (HashiCorp) and deep enterprise sales operations expertise.
- Technical foundation with B.S. in Computer Science, University of Scranton.
Equity Ownership
| Measure | Detail |
|---|---|
| Beneficial ownership | 8,532 shares of Series A common stock subject to RSUs vesting within 60 days; 12,833 shares of Series B; 23,333 Series B RSUs vesting within 60 days; total beneficial ownership <1% |
| Vested vs. unvested | Unvested director stock awards as of 12/31/2024: 55,199 |
| Pledging/hedging | Company policy prohibits hedging and pledging by directors |
| Ownership guidelines | Non-employee directors expected to hold stock equal to 5x annual cash retainer within five years |
| Compliance status | Not disclosed in proxy |
Governance Assessment
- Strengths: Independent director with robust GTM and operating experience across leading enterprise software companies; active Compensation Committee member; strong attendance and engagement; director compensation tilted toward equity (alignment) with prohibition on hedging/pledging and 5x ownership guidelines.
- Potential risks/RED FLAGS to monitor: Prior working overlap with KVYO’s President (Steve Rowland) during Okta tenure could present perceived familiarity on compensation decisions; however, Board affirms independence, no interlocks disclosed, and no related-party transactions involving St. Ledger are reported.
- Compensation structure: 2024 director pay was modest and standard (cash $40,500; equity ~$193k), consistent with policy targets; equity is time-based (no performance metrics), which is conventional for directors but provides market-aligned at-risk exposure.