Jeffrey Suer
About Jeffrey Suer
Jeffrey Suer (age 39) is an independent director of Mister Car Wash, Inc. (MCW) and has served on the Board since August 2014; he is a Partner at Leonard Green & Partners, L.P. (LGP), with prior experience as a private equity associate at Apollo Global Management and as an M&A analyst at Morgan Stanley . He is classified as a Class II director with a term expiring at the 2026 annual meeting, and the Board has determined he is “independent” under NASDAQ rules despite LGP’s control position . Suer holds an M.B.A. from Harvard Business School and a B.S. in Mathematics/Economics from UCLA .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Leonard Green & Partners, L.P. | Partner | 2013–present | Private equity investing; experience supporting high-growth, market-leading companies |
| Apollo Global Management | Private Equity Associate | Prior to Aug 2013 (not separately disclosed) | Private equity investing |
| Morgan Stanley | Mergers & Acquisitions Analyst | Not disclosed | M&A analysis |
External Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| — | No other public company board roles disclosed for past five years | — | — |
Board Governance
| Item | Detail |
|---|---|
| Board class/term | Class II; term ends at 2026 annual meeting |
| Committee assignments | None (not listed on Audit, Compensation, or Nominating & Corporate Governance) |
| Committee chair roles | None |
| Independence status | Board-determined “independent” under NASDAQ rules |
| Attendance | Met at least 75% attendance threshold (Board and any applicable committees) in 2024 |
| LGP designee | Yes — designated pursuant to Stockholders Agreement; LGP has nomination rights |
| Controlled company | MCW qualifies as a “controlled company” under NASDAQ (LGP controls >50% voting power); Company currently complies with non-controlled standards but may rely on exemptions in the future |
| Independent sessions | Independent directors hold regular executive sessions; presiding director rotates alphabetically |
| Related-party oversight | Audit Committee responsible for reviewing/approving related person transactions and Company maintains a related party transaction policy overseen by independent directors |
| Codes/policies | Corporate Governance Guidelines; anti-hedging and anti-pledging policy; clawback policy adopted Dec 1, 2023 |
Fixed Compensation
| Component | Amount/Policy | Suer (LGP-affiliated) |
|---|---|---|
| Annual cash retainer (eligible non-employee directors) | $75,000 per year | Not paid (LGP-affiliated directors are not compensated) |
| Committee chair fee (Audit/Comp/NCGC) | +$25,000 each | Not paid |
| Committee member additional fee | +$10,000 for members on multiple committees | Not paid |
| Initial RSU grant (eligible non-employee directors) | $100,000 grant-date value, time-vested | Not granted |
| Annual RSU grant (eligible non-employee directors) | $100,000 grant-date value, time-vested | Not granted |
Performance Compensation
| Metric or Award Type | Detail |
|---|---|
| Performance-based pay for directors | None disclosed; director equity grants (for eligible directors) are time-based RSUs, not performance-conditioned |
| Suer | Not applicable (LGP-affiliated directors are not compensated) |
Other Directorships & Interlocks
| Topic | Detail |
|---|---|
| LGP board designee status | Suer is one of LGP’s designated directors under the Stockholders Agreement |
| Board interlocks via LGP | Other LGP partners also on MCW Board: John Danhakl and Jonathan Seiffer; and LGP partner J. Kristofer Galashan (all independent per Board determination) |
| Public company boards | None disclosed for Suer in past five years |
| Stockholders Agreement terms | LGP has registration rights and nomination rights; approximately 69.0% of shares subject to agreement as of Mar 31, 2025 |
Expertise & Qualifications
- Private equity investing and capital allocation experience; background supporting high-growth, market-leading companies .
- M&A and analytical grounding from Morgan Stanley .
- M.B.A., Harvard Business School; B.S. Mathematics/Economics, UCLA .
- Board-determined independence under NASDAQ rules .
Equity Ownership
| Holder | Shares Beneficially Owned | % Outstanding | Notes |
|---|---|---|---|
| Jeffrey Suer | — | <1% | No individual beneficial ownership reported for Suer in table |
| LGP funds (aggregated) | 219,213,079 | 66.1% | Green Equity Investors VI, L.P., Green Equity Investors Side VI, L.P., LGP Associates VI-A LLC, LGP Associates VI-B LLC |
| Director ownership guidelines | 5x annual cash retainer for eligible directors; guidelines do not apply to LGP-affiliated directors | ||
| Hedging/pledging | Company policy prohibits directors from hedging or pledging Company securities |
Governance Assessment
-
Positives
- Independent under NASDAQ rules; not seated on Audit, Compensation, or Nominating & Governance committees, limiting direct influence over pay, audit, and nominations .
- Attendance met at least 75% threshold in 2024, signaling baseline engagement .
- Robust governance infrastructure: related-party transaction policy with independent oversight; anti-hedging/pledging; clawback policy; regular independent director sessions .
- Strong recent investor support on Say-on-Pay (95.2% in prior year), indicating general shareholder confidence in pay practices (contextual to overall governance climate) .
-
Watch items / RED FLAGS
- Controlled company: LGP controls voting and has nomination rights; Board includes multiple LGP partners; while the Board currently complies with non-controlled standards, it may rely on exemptions in the future, which can weaken minority shareholder influence .
- LGP-affiliated directors are not compensated as directors and Suer has no disclosed personal beneficial stake, reducing direct individual “skin in the game,” though alignment may occur via LGP’s controlling ownership block .
- Concentration of influence: several LGP designees on the Board could raise perceived conflict risks; oversight mitigants include independent director determinations and related-party review by the Audit Committee .
Overall implication: Suer brings PE/M&A expertise and is deemed independent, but investors should weigh the controlled-company structure, LGP’s nomination rights, and minimal disclosed personal ownership against governance safeguards (independent policies, RPT oversight, anti-hedging/pledging, clawback) when assessing board effectiveness and alignment .