Luke Taylor
About Luke Taylor
Luke Taylor (age 47) is an independent director of Lineage, Inc. (LINE). He has served on the Lineage Holdings board since 2018 and on Lineage’s public board since the IPO; the board skills matrix highlights his finance, real estate, logistics, global experience, and senior leadership credentials . Taylor is Co-President of Stonepeak, sits on Stonepeak’s Executive and investment committees, and previously was a Senior Vice President at Macquarie Capital; he holds a B.Com and an MBA (Distinction) from the University of Otago (New Zealand) .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Stonepeak | Co-President; previously Co-COO, Senior Managing Director; member of all investment committees and Executive Committee | 2011–present | Broad responsibilities across investing and day-to-day firm oversight |
| Macquarie Capital | Senior Vice President | Pre-2011 | Energy/infrastructure investing and advisory |
External Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Stonepeak Infrastructure Logistics Platform | Director | Since Mar 2021 | Portfolio company oversight in logistics |
| Evolve Transition Infrastructure LP (NYSE American: SNMP) | Former Director | Prior service (dates not specified) | Energy transition oversight |
| Paradigm Energy Partners | Former Director | Prior service | Midstream oversight |
| Hygo Energy Transition Ltd. | Former Director | Prior service | LNG/energy transition |
| Ironclad Energy Partners, LLC | Former Director | Prior service | Distributed power |
| TRAC Intermodal | Former Director | Prior service | Intermodal chassis/leasing |
| Casper Crude to Rail Holdings LLC | Former Director | Prior service | Logistics/rail |
| Tidewater Holdings | Former Director | Prior service | Marine/ports/logistics |
Board Governance
- Independence and attendance: The board determined Luke Taylor is independent under Nasdaq rules; in 2024, the board met twice and all directors then serving attended at least 75% of aggregate board and committee meetings .
- Committee assignments: Taylor is not currently listed on the Audit, Compensation, Equity Award, or Nominating & Corporate Governance Committees (Audit: Falotico—Chair, Wentworth, Turner; Compensation: Forste—Chair, Carrafiell, Turner, Wyper, Wentworth; Equity Award: Wentworth—Chair, Turner; Nominating & Corporate Governance: Marchetti—Chair, Forste, Archambeau) .
- Board structure and leadership: LINE is a “controlled company” under Nasdaq (affiliates of Bay Grove hold >50% voting power), and the company uses exemptions such that compensation and nominating committees are not wholly independent; the Lead Independent Director is Lynn Wentworth .
- Skills matrix: Taylor’s highlighted skills include Finance & Accounting, Real Estate, Executive/Senior Leadership, Logistics, and Global/International experience .
- Independent director executive sessions occur regularly (at least twice a year) .
Fixed Compensation (Director)
| Item | 2024 Amount |
|---|---|
| Annual retainer (cash) | $0 – Stonepeak- and BGO-designated directors are not “Eligible Directors” under the non-employee director program |
| Committee retainers | $0 |
| Total fees earned | $0 |
- Program note: Post-IPO, “Eligible Directors” (excluding Stonepeak/BGO designees and executive/Executive Chair directors) receive $120,000 annual cash retainer plus committee fees and ~$200,000 annual RSUs; Taylor, as a Stonepeak designee/affiliate, is excluded and received no cash compensation in 2024 .
Performance Compensation (Director)
| Equity Component | 2024 Grants | Vesting | Performance Metrics |
|---|---|---|---|
| RSUs/DSUs | $0 equity awards to Taylor | N/A | N/A |
- Equity for “Eligible Directors” (not applicable to Taylor): ~$200,000 initial and annual RSUs vesting by next annual meeting or one-year anniversary .
- Clawback and ownership: Company adopted a Dodd-Frank/Nasdaq-compliant clawback policy; non-employee directors are subject to stock ownership guidelines of 5x annual cash retainer, with compliance required by July 24, 2029 (five years post-IPO) .
Other Directorships & Interlocks
| Relationship | Detail | Governance/Conflict Consideration |
|---|---|---|
| Stonepeak affiliation | Taylor is Co-President of Stonepeak and serves on all investment committees | Stonepeak is a major investor with director designation rights under the Stockholders Agreement (currently one Stonepeak Director seat held by James Wyper; Taylor was nominated by the Board) . |
| Cash settlement interests | If Stonepeak elects “Cash Settlements” during BGLH’s 3-year post-IPO distribution process, Taylor and Wyper “may have an interest in any cash payments” made by LINE to repurchase distributed securities from Stonepeak . | Potential perceived conflict: board member affiliated with a counterparty to company share repurchases. |
| Emergent Cold LatAm | LINE owns 8.8% and has an option to acquire by 2027; certain Stonepeak affiliates and D1 Capital also invest and have board seats (Wyper, not Taylor) . | Ecosystem overlap among major shareholders and a potential M&A option could present related-party sensitivities; Audit Committee oversees related-party transactions . |
Expertise & Qualifications
- 20+ years investing across infrastructure and real assets; senior leadership at Stonepeak and prior Macquarie Capital experience .
- Skills matrix credits: finance & accounting, real estate, executive leadership, logistics, and global experience .
- Education: B.Com and Master of Business (Distinction), University of Otago (New Zealand) .
Equity Ownership
| Holder | Shares Owned | Rights to Acquire (OP/LTIP/RSUs) | Total Beneficial Ownership | % Outstanding | Notes |
|---|---|---|---|---|---|
| Luke Taylor | 0 | 0 | 0 | <1% | Company states no director/officer shares are pledged . |
- Stock ownership guidelines apply to non-employee directors (5x cash retainer) with compliance due by July 24, 2029; disclosure does not specify Taylor’s compliance status; as of March 24, 2025, Taylor reported no LINE holdings .
Governance Assessment
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Strengths
- Independent under Nasdaq; relevant infrastructure/logistics/finance expertise and global perspective aligned with LINE’s cold-chain/logistics footprint .
- Board reports adequate attendance in 2024 and maintains executive sessions of independent directors; a Lead Independent Director is in place .
-
Watch items
- As Stonepeak’s Co-President, Taylor is affiliated with a significant shareholder that has registration and designation rights; the proxy explicitly notes Taylor “may have an interest” in cash payments if Stonepeak elects repurchases during BGLH’s post-IPO distributions, a potential perceived conflict requiring robust recusal/oversight .
- Taylor is not on key committees (Audit, Compensation, Nominating), limiting his direct role in oversight levers despite expertise; key committees include investor designees and, in Compensation, a non-independent Co-Executive Chairman, enabled by LINE’s “controlled company” status .
- Alignment: Taylor received no director fees or equity in 2024 and reported no beneficial ownership as of the record date, which can reduce direct pay/ownership alignment; ownership guidelines allow up to 5 years to comply .
-
RED FLAGS
Potential related-party exposure via Stonepeak’s cash settlement options where Taylor “may have an interest” in company repurchase payments; requires transparent recusals and Audit Committee oversight .
Controlled company exemptions mean Compensation and Nominating committees are not fully independent; compensation committee chaired by a Co-Executive Chairman (non-independent) .