Shane Grant
lululemon athleticaAbout Shane Grant
Shane Grant (age 50) is an independent director at lululemon, appointed effective November 1, 2023; he serves on the Audit Committee. He is Group Deputy CEO, CEO Americas, and EVP Dairy, Plant-Based and Global Sales at Danone, with nearly 20 years at The Coca-Cola Company and earlier senior roles at Unilever; he holds Business and Arts degrees from the University of Auckland .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Danone | Group Deputy CEO; CEO Americas; EVP Dairy, Plant-Based & Global Sales | 2020–present (Group Deputy CEO role since Jan 2023) | Global operations leadership across consumer brands |
| The Coca-Cola Company | President, Still Beverages Business Unit, North America; various global/operational roles | ~20 years | Scaled beverage portfolios; senior P&L roles |
| Unilever | Senior roles | Not disclosed | Consumer products leadership experience |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| FMI – The Food Industry Association | Director | Not disclosed | Industry association board seat |
| Consumer Brands Association | Director | Not disclosed | Industry association board seat |
| American Heart Association CEO Roundtable | Member | Not disclosed | Executive roundtable |
| World 50 | Member | Not disclosed | Executive peer network |
| American Beverage Association | Director | Not disclosed | Industry association board seat (disclosed at appointment) |
Board Governance
- Independence: The Board determined Grant is “independent” under Nasdaq standards .
- Committee assignments: Audit Committee member; Audit met 6 times in FY2024 .
- Attendance: In 2024 the Board met 6 times; all directors attended at least 75% of board/committee meetings; non-management directors meet in executive session with each regular Board meeting .
- Tenure: Director since 2023; tenure 1 year in 2025 summary table .
- Board leadership: Chair—Martha (Marti) Morfitt; Lead Independent Director—David Mussafer .
- Limits on outside activities: Directors who are current CEOs may serve on no more than two additional public company boards; non-executives no more than four; directors must notify Chair before accepting new public boards .
Fixed Compensation
| Item | FY2024 Shane Grant | FY2025 Director Program |
|---|---|---|
| Base annual cash retainer ($) | $114,148 (Fees Earned or Paid in Cash) | $100,000 |
| Committee membership fees ($) | Included in total fees; Audit member fee is $15,000 (program schedule) | Audit Committee Member $15,000; PCCC Member $12,500; CRSG Member $10,000 |
| Chair fees ($) | N/A | Board Chair $160,000; Lead Director $50,000; Audit Chair $30,000; PCCC Chair $30,000; CRSG Chair $20,000 |
- Compensation consultant: Willis Towers Watson (WTW) advises the PCCC on director pay; PCCC assessed WTW’s independence and found no conflicts .
Performance Compensation
| Equity Element | FY2024 Shane Grant | FY2025 Director Program | Vesting & Metrics |
|---|---|---|---|
| Stock/RSU awards ($) | $165,054 (expense recognized under ASC 718) | Annual equity grant of ~$160,000 for all non-employee directors | One-year time-based vesting; no performance-conditioned metrics for directors |
- Clawback/recoupment policy applies to incentive compensation for executives; director equity is time-based; no PSU metrics apply to directors .
Other Directorships & Interlocks
- Current public company directorships: None disclosed (industry associations only). Related-party transactions: Company states no transactions requiring disclosure under Item 404(a) of Regulation S‑K .
- Indemnification: LULU has indemnification agreements with each director .
- Compensation Committee Interlocks: None; PCCC members are independent (not LULU officers), with historical employment noted for Kathryn Henry ending in 2014 .
Expertise & Qualifications
- Skills matrix indicates Shane Grant brings senior leadership, international markets, retail industry, ESG, and HR/talent experience to the Board .
Equity Ownership
| Holder | Shares Owned | Right to Acquire (60 days) | Total Beneficial | Percent |
|---|---|---|---|---|
| Shane Grant | 751 | — | 751 | <1% |
- Director stock ownership guidelines: Minimum 5× base annual cash retainer; compliance expected within five years of appointment .
- Hedging/pledging: Insider trading policy generally prohibits hedging and pledging of LULU securities by directors .
Governance Assessment
- Strengths: Independent status; Audit Committee membership; strong consumer/operational background across global markets; no related-party transactions disclosed; robust director ownership guideline (5× retainer) and anti-hedging/pledging policy enhance alignment .
- Investor signals: Say‑on‑Pay support ~93% in 2024 suggests broad shareholder confidence in compensation governance; Board engaged shareholders owning ~28% of shares on governance/ESG topics in 2024 .
- Potential watch items: Executive time commitments at Danone—LULU policy limits for current CEOs on other public boards; current external roles are industry associations (not public boards), mitigating overboarding risk; monitor attendance/engagement over time (Board reports at least 75% attendance for all directors in 2024) .