Micky Pant
LAS VEGAS SANDSAbout Micky Pant
Independent director at Las Vegas Sands Corp. since March 11, 2025; age 70. He serves on the Compliance Committee and the Nominating and Governance Committee. Background includes CEO roles at Yum China and senior global branding/marketing leadership at Yum Brands, Reebok, PepsiCo India, and Unilever, bringing deep Asia, consumer, and brand expertise to LVS’s board .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Yum China Holdings, Inc. | Chief Executive Officer | 2016–2018 | — |
| Yum China Holdings, Inc. | Vice Chairman of the Board and Senior Advisor | 2018–2020 | — |
| Yum Brands, Inc. (Yum China Division) | Chief Executive Officer | 2015–2016 | — |
| Yum Brands, Inc. | Multiple senior roles incl. CEO KFC Division; CEO Yum Restaurants International; President Global Branding; President Yum Restaurants International; CMO; Global Chief Concept Officer; President Taco Bell International | 2006–2015 | — |
| Reebok International | Senior roles including Chief Marketing Officer | 1994–2004 | — |
| PepsiCo India | Senior roles including Chief Marketing Officer | 1992–1994 | — |
| Unilever (India and UK) | Various roles | 1976–1990 | — |
External Roles
| Company/Organization | Position | Tenure | Notes |
|---|---|---|---|
| Beyond Meat, Inc. | Director | May 2021–May 2024 | — |
| Primavera Capital Acquisition Corp. | Director | Jan 2021–Dec 2022 | — |
| Yum China Holdings, Inc. | Director | Mar 2018–Mar 2020 | — |
| Pinnacle Foods, Inc. | Director | Dec 2014–Jun 2018 | — |
Board Governance
- Independence: LVS qualifies as a controlled company, but the Board has a majority of independent directors; Pant is one of five independent directors (Besca, Chau, Kramer, Li, Pant) .
- Committee assignments: Member, Compliance Committee and Nominating & Governance Committee; not a chair .
- Committee mandates: Compliance Committee oversees legal/regulatory compliance, Code of Conduct, anti-corruption/AML, political contributions, non-retaliation policies; Nominating & Governance oversees board composition, effectiveness, succession, and the Company’s ESG program .
- Attendance and engagement: Board met eight times in 2024; committees met Audit (6), Compensation (5), Nominating & Governance (5), Compliance (4). All directors met at least the 75% attendance threshold in 2024; Pant joined in 2025 (so 2024 attendance not applicable) .
- Leadership structure: Combined Chair/CEO; Board intends to transition CEO role in 2026 to Dumont; no Lead Independent Director, though executive sessions are held at each regular Board meeting and annually for independent directors .
Fixed Compensation
| Element | Amount | Notes |
|---|---|---|
| Annual Board Retainer (non-employee directors) | $150,000 | Cash |
| Committee Chair Retainer – Audit & Special Litigation | $35,000 | Cash |
| Committee Member – Audit & Special Litigation | $20,000 | Cash |
| Committee Chair Retainer – Other Committees (Comp, N&G, Compliance) | $25,000 | Cash |
| Committee Member – Other Committees (Comp, N&G, Compliance) | $10,000 | Cash |
| Reimbursement | Actuals reimbursed | Travel/meeting expenses |
Note: Pant’s cash compensation for 2025 will follow these program parameters; 2024 director compensation table predates his appointment and therefore does not include him .
Performance Compensation
| Element | Grant Value | Vesting/Restrictions | Performance Metrics |
|---|---|---|---|
| Annual equity grant (RS or RSU, election by director) | $200,000 | Vests on the earlier of first anniversary of grant or next annual meeting, subject to continued service; non-employee directors may not sell annual awards while serving on the Board | None disclosed for directors; time-based vesting |
| One-time stock option grant for new directors | $100,000 (Black-Scholes value) | Typically vests in equal annual installments over five years for option grants (see examples for Kramer/Li); program indicates a one-time grant upon becoming a director | None disclosed for directors |
Other Directorships & Interlocks
| Connection Type | Detail |
|---|---|
| LVS is a controlled company | Adelson family group beneficially owns ~54.7% of outstanding shares . Independent committees are maintained despite exemptions available to controlled companies . |
| Known related-party ties among other directors | Chafetz and Forman have long-standing business/personal relationships with the Adelson family; board classifies them as non-independent . |
| Pant-specific related-party transactions | None disclosed; Audit Committee oversees related-party transactions per charter and policy . |
Expertise & Qualifications
- Senior leadership and global P&L: Former CEO of Yum China; multiple division CEO roles at Yum Brands .
- Retail/marketing/branding: Senior branding/CMO roles at Yum Brands, Reebok, PepsiCo .
- Public company board experience: Served on boards of Beyond Meat, Yum China, Pinnacle Foods, and a SPAC .
- Asia operational experience: Extensive leadership across China/APAC markets (Yum China; Yum Brands APAC) .
Equity Ownership
| Item | Amount | Notes |
|---|---|---|
| Total beneficial ownership (shares) | 23,000 | Held by the Pant Family Revocable Trust |
| Shares outstanding basis | 706,627,556 | As of March 17, 2025 |
| Ownership as % of outstanding | ~0.0033% (23,000 / 706,627,556) | Derived from disclosed shares and outstanding count |
| Hedging/pledging | Prohibited for directors under Securities Trading Policy; no margin/pledging, no derivatives/shorts | |
| Sale of director awards while serving | Prohibited; directors may not sell annual equity awards while on Board | |
| Stock ownership requirement | No minimum ownership guideline for directors or executives; Company encourages ownership but has no mandated minimum |
Governance Assessment
-
Positives
- Independent member on Compliance and N&G committees, both focused on regulatory rigor and ESG/board effectiveness; strengthens oversight of key LVS risks and public market expectations .
- Board maintains all-independent Audit, Compensation, N&G, and Compliance committees despite controlled company status, supporting investor confidence in oversight quality .
- Anti-hedging/pledging restrictions and guardrails against selling director awards during service align director incentives with long-term shareholder interests .
- Asia consumer/brand expertise directly relevant to LVS’s Macao/Singapore growth focus; improves strategic oversight of customer, marketing, and mass gaming segments .
-
Potential concerns and monitoring items
- Controlled company: Concentrated voting control with Adelson family may limit minority shareholder influence; mitigated in part by independent committees .
- No Lead Independent Director appointed; while executive sessions occur regularly, investors may prefer formalized independent board leadership .
- No minimum stock ownership requirement for directors could be seen as weaker alignment, though trading guardrails apply and Pant holds shares via family trust .
-
Attendance/engagement baseline
- Board and committees were active in 2024 (8 Board, 4–6 per committee) with at least 75% attendance achieved by all then-serving directors; Pant appointed March 11, 2025, so his 2024 attendance is not applicable .
-
Related-party exposure
- No Pant-specific related party transactions disclosed; Audit Committee reviews/approves related-party transactions per formal policy .
Overall signal: Pant’s addition enhances board diversity of experience in Asian consumer/branding and governance oversight via compliance and ESG committees, with strong independence design features. Key investor watchpoints remain the controlled company structure and absence of a Lead Independent Director; compensation alignment is supported by anti-hedging/pledging and sale restrictions on director equity awards .