Alejandro Santo Domingo
About Alejandro Santo Domingo
Independent director of Life Time Group Holdings (LTH) since 2019; age 48. Senior Managing Director at Quadrant Capital Advisors, Inc. since 2005, with significant investment experience across public and private debt/equity; currently nominated for re‑election as a Class I director at the April 25, 2025 annual meeting. The Board classifies him as independent under NYSE rules.
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Life Time Group Holdings, Inc. | Independent Director (Class I) | Director since 2019; current term expiring at 2025 meeting | No committee assignments disclosed at LTH |
| Quadrant Capital Advisors, Inc. | Senior Managing Director | 2005–present | Investment leadership across public/private debt and equity |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Anheuser‑Busch InBev (Euronext/BB: ABI) | Director | 2016–present | Consumer staples board experience |
| Caracol Televisión S.A. (CB: CARACOL) | Director | 2001–present | Media board experience |
| Advanced Merger Partners, Inc. (NYSE: AMPI) | Director | 2021–2022 | SPAC board tenure |
| ContourGlobal plc (LON: GLO) | Director | 2017–2022 | Power generation board experience |
| JDE Peet’s N.V. (NA: JDEP) | Director | 2013–2022 | Coffee consumer products board experience |
| Wildlife Conservation Society; Fundación Santo Domingo; Met Museum; Mount Sinai Health System; Channel Thirteen/WNET (PBS); DKMS; Fundación Pies Descalzos | Chair/Trustee/Board Member | Various (current) | Non‑profit leadership and governance roles |
Board Governance
- Independence: Board determined he is independent; only Akradi, Landau, and Lasher are not independent. LTH is a “controlled company,” using some NYSE exemptions (Compensation and Nominating committees are not fully independent).
- Committees: No Audit, Compensation, Nominating & Corporate Governance, or Capital Allocation Committee assignments listed for Santo Domingo.
- Attendance: Board held 6 meetings in 2024; each director attended at least 75% of aggregate Board and committee meetings for which they served. Ten of 12 directors attended the 2024 annual meeting.
- Nomination/Interlocks: Nominated pursuant to the Stockholders Agreement by LifeCo (now Bevco Lux S.a.r.l., which assumed LifeCo’s stake December 19, 2024); principal stockholders have director nomination rights by ownership thresholds.
- Governance context: Principal stockholders >50% voting power; Board has combined Chair/CEO; Lead Independent Director presides over executive sessions.
Fixed Compensation
| Component | 2024 Amount | Notes |
|---|---|---|
| LTH Board Cash Fees | $0 | Directors nominated by principal stockholders (which includes Santo Domingo as LifeCo/Bevco nominee) do not receive LTH cash fees; only select independent directors receive fees (Almendares, Coallier; Alsfine/Lasher from Oct 1, 2024). |
| Committee Fees | $0 | No LTH committee service; and as a principal-stockholder nominee, not compensated. |
| Other | Not disclosed | Proxy notes complementary club memberships for certain directors; 2024 listing of membership/perks by name did not include Santo Domingo. |
Performance Compensation
| Component | 2024 Grant/Value | Vesting / Metrics | Notes |
|---|---|---|---|
| RSUs / Equity for Director Service | $0 | N/A | Only non‑employee directors in the paid program receive ~ $155k RSUs annually; principal‑stockholder nominees (incl. Santo Domingo) do not receive LTH equity for board service. |
Other Directorships & Interlocks
| Entity | Relationship | Potential Interlock/Conflict Consideration |
|---|---|---|
| Bevco Lux S.a.r.l. (successor to LifeCo’s LTH stake) | Principal stockholder with nomination right; Santo Domingo is the nominee; directors/officers of Bevco/affiliates include Alejandro Santo Domingo | Governance interlock via Stockholders Agreement; does not by itself impair independence per Board’s determination. |
| AB InBev; Caracol Televisión; prior: AMPI, ContourGlobal, JDE Peet’s | Public board roles | No LTH disclosed commercial relationships with these entities. |
Expertise & Qualifications
- Deep investment background across public and private markets; Senior Managing Director at Quadrant Capital Advisors since 2005.
- Broad boardroom experience across large-cap consumer staples, media, power, and beverage companies.
- Significant non‑profit leadership (WCS Chair; boards of major cultural and health institutions).
Equity Ownership
| Holder | Shares Beneficially Owned | % Outstanding | Notes |
|---|---|---|---|
| Alejandro Santo Domingo (individual) | — | <1% | Not listed with a share count; below 1% threshold. |
| Principal stockholders with nomination rights (context) | TPG: 29,748,906 | 13.7% | 5% holders table (LGP and TPG). Bevco/LifeCo below 5% as of March 5, 2025; still retains nomination right under thresholds. |
Governance Assessment
- Strengths
- Independent director with extensive capital allocation and public board experience; no LTH board compensation, which reduces direct pay-related conflicts.
- Board-wide attendance met ≥75% threshold; Board held 6 meetings in 2024; robust executive sessions led by an independent lead director.
- 2024 Say‑on‑Pay support >96%, suggesting broad shareholder confidence in compensation governance.
- Watch‑items / RED FLAGS
- Controlled company status: Compensation and Nominating & Governance Committees are not fully independent; investors have fewer NYSE protections.
- Nomination by a principal stockholder (Bevco/LifeCo) per Stockholders Agreement concentrates influence; related‑party governance structure persists even if shareholding falls below 5%.
- Limited “skin in the game”: no disclosed personal LTH share ownership; alignment primarily via fiduciary duties rather than direct equity stake.
- Board disclosure lists material related‑party transactions (sale‑leasebacks and portfolio company purchases) involving other sponsors/insiders; while not tied to Santo Domingo, continued sponsor/insider transactions warrant ongoing Audit Committee oversight.
Implications: Santo Domingo brings credible investment and governance experience, but as a principal‑stockholder nominee with no LTH director pay or disclosed personal ownership, investor alignment relies on board process quality amid a controlled‑company framework. Focus diligence on committee independence over time, Audit review of related‑party dealings, and any evolution in principal stockholder sell‑downs and nomination rights.