Chad Crow
About Chad Crow
Independent Class III director of Loar Holdings Inc. (LOAR), age 57; joined the LOAR Board in connection with the IPO in 2024. Former CEO, President, and CFO of Builders FirstSource (NYSE: BLDR), with over 20 years of public-company executive experience and a C.P.A. license held for 25+ years. Education: B.B.A. in Accounting, Texas Tech University. Serves on LOAR’s Audit Committee and is designated an “audit committee financial expert.”
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Builders FirstSource, Inc. | CFO → President & COO → Director, President & CEO | CFO (2009); President & COO (2014); Director/President/CEO (2017–Apr 2021) | Led large-scale public company operations and finance; deep capital markets and governance experience |
| Pier 1 Imports; Price Waterhouse LLP | Various roles | Prior to 1999 | Foundational financial and accounting roles; C.P.A. licensure |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Lone Star Pharmaceuticals (private) | Fractional Chief Financial Officer | Since Apr 2021 | Ongoing finance leadership in pharma distribution |
| MAC Realty (private) | Fractional Chief Financial Officer | Since Apr 2021 | Real estate finance oversight |
Board Governance
- Independence: Board determined Crow is independent under NYSE rules .
- Committee assignments: Audit Committee member; Audit Chair is Taiwo Danmola; Audit Committee members (Danmola, Crow, McGetrick) all qualify as “audit committee financial experts.”
- Lead Independent Director: David Abrams (presides over executive sessions, agenda-setting, succession oversight) .
- Board meetings and attendance (FY2024): Board held 4 meetings; non-management directors held 4 executive sessions; each director attended at least 75% of applicable Board/committee meetings .
| Governance Attribute | FY 2024 | Notes |
|---|---|---|
| Independence status | Independent | Determined by Board under NYSE standards |
| Committees | Audit Committee member | Financial expert designation applies |
| Board meetings held | 4 | Regular and special meetings |
| Executive sessions | 4 | Led by Lead Independent Director |
| Attendance threshold met | ≥75% | Each director met or exceeded |
Fixed Compensation (Director)
| Metric | FY 2024 | Notes |
|---|---|---|
| Annual cash retainer | $100,000 | Non-employee director retainer; some peers waived, Crow did not |
| Stock awards (Matching Grant) – fair value | $500,000 | One-time Matching Grant (25% of purchased shares’ fair value, cap $500k) |
| Matching Grant Shares (units) | 17,857 | Granted Apr 24, 2024 under IPO directed share program |
| Total director compensation | $600,000 | Cash + stock award |
Key terms: Matching Grant Shares fully vested but subject to transfer restrictions—no sale before 3rd anniversary of Purchase Date; up to 50% of Purchased Shares may be sold between year 1 and year 3; after 3 years all restrictions cease .
Performance Compensation (Director)
| Performance Metric | FY 2024 | Plan Detail |
|---|---|---|
| Performance-based director pay | None disclosed | Director compensation comprised of cash retainer and one-time Matching Grant; no performance metrics reported |
Note: Company adopted a clawback policy compliant with Rule 10D-1 (Apr 16, 2024) for executive officers’ incentive-based compensation; not applicable to standard director retainer/Matching Grant .
Other Directorships & Interlocks
| Company | Role | Timeframe | Interlock/Notes |
|---|---|---|---|
| Builders FirstSource, Inc. | Director (and CEO/President) | 2017–Apr 2021 | Prior directorship; currently not disclosed as serving; multiple LOAR directors currently serve at BLDR (e.g., Paul S. Levy – Chair; Brett Milgrim – Director), indicating information-flow ties though not a current Crow interlock |
Expertise & Qualifications
- Financial, accounting, and audit expertise: C.P.A.; designated “audit committee financial expert” by LOAR’s Board .
- Public-company leadership: CEO, President, CFO experience at BLDR, including capital markets and operations leadership .
- Sector knowledge: Building materials, distribution operations; current fractional CFO roles in pharma distribution and real estate .
- Education: B.B.A., Accounting (Texas Tech University) .
Equity Ownership
| Ownership Metric | As of Mar 28, 2025 | Notes |
|---|---|---|
| Total beneficial ownership (shares) | 89,286 | Less than 1% of outstanding shares |
| Ownership % of outstanding | <1.0% | LOAR outstanding shares: 93,556,071 |
| Stock awards held (Dec 31, 2024) | 17,857 | Matching Grant Shares |
| Hedging/pledging | Prohibited by insider trading policy | Includes short sales, derivatives, margin pledges |
| Matching Grant transfer restrictions | 3-year no-sale; limited sale of Purchased Shares permitted between years 1–3 | Applies to Matching Grant Shares program |
Analytical note: 17,857 Matching Grant Shares at $28.00 IPO price imply ~25% match to Purchased Shares; this aligns with disclosed beneficial ownership (89,286) combining Purchased + Matching Shares .
Governance Assessment
- Strengths:
- Independent director and Audit Committee financial expert; enhances oversight of reporting and controls .
- Solid attendance and engagement (≥75%) in inaugural public year; Board and executive sessions held regularly .
- Meaningful personal ownership via directed share program and Matching Grant; strong alignment signals; hedging/pledging prohibited .
- Watch items / potential conflicts:
- Broader Board interlocks with Builders FirstSource (Levy – Chair; Milgrim – Director; Charles – Director) may create perceived network influence; Crow’s BLDR role is historical, not current .
- Significant stockholder arrangements (Registration Rights and Voting Agreement among controlling holders/executives) could influence Board composition; Crow is not a party, but investor dynamics warrant monitoring .
- Compensation structure:
- Director pay mix in 2024 favored equity via one-time Matching Grant (+$500k) and standard cash retainer ($100k); no performance-linked director pay disclosed .
- Risk indicators:
- No related-party transactions involving Crow disclosed; Section 16(a) compliance issues were limited to other directors’ one-day-late Form 3 filings; none noted for Crow .