Tina Edekar Edmundson
MILLERKNOLLAbout Tina Edekar Edmundson
Independent director at MillerKnoll (MLKN), age 59, serving since 2024 with a term expiring in 2027; currently serves on the Compensation Committee (not Chair) . She is President, Luxury at Marriott International since 2023 and previously Global Brand Officer from 2013–2023, with prior hospitality experience at Starwood Hotels & Resorts . The Board has determined she is independent under Nasdaq rules (all directors other than the CEO are independent) . During fiscal 2025, each director attended more than 80% of aggregate Board and committee meetings; the Board met four times with executive sessions after each .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Marriott International | President, Luxury | 2023–present | Oversees brand and operations strategy for a global luxury portfolio (>500 hotels, 38 countries, 8 brands), bringing brand transformation and customer experience expertise . |
| Marriott International | Global Brand Officer | 2013–2023 | Led global brand strategy; experience launching and transforming brands . |
| Starwood Hotels & Resorts | Senior roles (hospitality) | Prior to Marriott | Hospitality brand and customer experience background . |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Marriott International | President, Luxury | 2023–present | Operating executive role; no other public company directorships . |
Board Governance
- Committee assignments: Compensation Committee member; Compensation Committee met 5 times in fiscal 2025 .
- Committee interlocks/insider participation: Committee members (including Edmundson) have never been MLKN officers/employees and had no relationships requiring related-party disclosure; no executive officer of MLKN served on another entity’s board/comp committee with reciprocal overlap .
- Independence: Board determined all directors other than the CEO are independent under Nasdaq rules; committee members meet independence standards .
- Attendance: Each director attended >80% of aggregate Board and committee meetings; Board held 4 meetings; independent directors met in executive session after each regular Board meeting .
- Leadership structure: CEO and Chair roles are separated; Michael A. Volkema serves as non‑executive Chair .
Committee Meetings (Fiscal 2025)
| Committee | Chair | Members | Meetings |
|---|---|---|---|
| Audit | Lisa A. Kro | Kro; John T. Maeda; Heidi J. Manheimer; Michael R. Smith | 8 |
| Compensation | Michael C. Smith | Smith; Tina Edekar Edmundson; Douglas D. French (Candace S. Matthews until 2/15/2025) | 5 |
| Governance & Corporate Responsibility | John R. Hoke III | Hoke; Jeanne K. Gang; Michael R. Smith | 5 |
Fixed Compensation
| Item | Fiscal 2025 Amount | Notes |
|---|---|---|
| Cash fees paid/deferred | $167,917 | As reported in Director Compensation table; includes proration for calendar 2024 services after October 2024 Board start . |
| Stock awards (grant date fair value) | $167,916 | ASC 718 grant-date fair value . |
| Options | — | No options reported for Edmundson; only one director (Michael R. Smith) had outstanding options as of 5/31/2025 . |
| All other compensation | — | Perquisite amounts generally < $10,000; none reported for Edmundson . |
| Total | $335,833 | Sum of cash and stock awards . |
Additional structural elements:
- Standard annual director compensation: $240,000; Audit Chair +$25,000; Compensation and Governance Chairs +$20,000; Board Chair +$120,000 .
- Minimum equity component: At least 50% of each director’s Annual Fee must be in equity (shares, DSUs, or options) .
- Deferred compensation: Directors may defer fees into a deferred cash account (non‑company stock investment options) or into DSUs; DSUs accrue dividend equivalents and settle in company shares after the deferral period .
- Perquisites: Modest travel/spouse amenities; director product discounts; generally < $10,000 per director per year .
Performance Compensation
- Director pay is not tied to performance metrics (no AIP or PSUs for non‑employee directors). Options, when elected for Annual Fees, are fully vested at grant and expire 10 years from grant; DSUs accrue dividend equivalents and settle post-deferral .
- Executive performance metrics (context for Compensation Committee oversight): EBITDA (as adjusted) for AIP; LTI mix 60% PSUs (50% EBITDA as adjusted; 50% Revenue; +/-25% TSR modifier) and 40% RSUs—these apply to NEOs, not directors .
| Element | Applies to Directors? | Terms/Metric |
|---|---|---|
| Annual Incentive Plan (AIP) | No | NEO metric: EBITDA, As Adjusted . |
| PSUs | No | NEO metrics: 50% EBITDA, 50% Revenue, +/-25% TSR modifier . |
| RSUs (Directors via Annual Fees) | Yes (if elected) | Equity elected to satisfy minimum 50% equity requirement . |
| Stock Options (Directors via Annual Fees) | Yes (if elected) | Fully vested upon grant; 10‑year expiration; option price payable in cash/shares . |
| DSUs (Directors) | Yes | Accrue dividend equivalents; settle in shares post‑deferral . |
Other Directorships & Interlocks
| Category | Detail |
|---|---|
| Other public company boards | None . |
| Compensation Committee interlocks | None; members (including Edmundson) had no related-party relationships; no reciprocal executive overlaps with other boards . |
| Attendance at Annual Meeting | All then-current directors joined the webcast for the 2024 Annual Meeting . |
Expertise & Qualifications
- Luxury brand strategy and global operations leader across Marriott’s luxury portfolio (>500 hotels, 38 countries, 8 brands), with over 25 years’ experience in hospitality brand transformation and customer experience .
- Brings strategic insight into brand building, customer experience, and global market opportunities that align with MLKN’s design‑led strategy .
- Independent director meeting Nasdaq standards; contributes to executive compensation oversight via Compensation Committee .
Equity Ownership
| Record Date | Shares Outstanding | Holder | Beneficial Ownership | Percent of Class | Notes |
|---|---|---|---|---|---|
| Aug 15, 2025 | 68,464,446 | Tina Edekar Edmundson | 7,306 | <1% | Includes 1,827 DSUs; no options outstanding for Edmundson . |
Stock ownership guidelines: Directors must hold an equity interest after one year on the Board; encouraged to reach at least 2.5× the standard annual retainer within five years . Anti‑hedging and anti‑pledging: No hedging or pledging of Company securities permitted .
Governance Assessment
- Board effectiveness: Edmundson is active on the Compensation Committee (5 meetings) and a signatory to the Compensation Committee Report, evidencing engagement with pay philosophy and oversight .
- Independence and conflicts: Independent under Nasdaq rules; Compensation Committee interlocks disclosure indicates no related‑party ties—reduces conflict risk .
- Attendance and engagement: >80% aggregate meeting attendance for all directors; Board holds executive sessions after each meeting—positive governance hygiene .
- Ownership alignment: Beneficial ownership recorded with DSUs; director pay structure enforces minimum 50% equity component and long‑term alignment via DSUs/options .
- Policies and risk controls: Related‑party transaction policy in place; no hedging/pledging permitted; strong compensation governance (independent consultant Pay Governance; annual risk assessment; clawbacks for executives) .
- RED FLAGS: Administrative filing delay—Form 3 filed late in Aug 2024 for new directors including Edmundson; characterized as administrative delay, not error of reporting person . No other red flags (pledging, related‑party transactions, option repricing) disclosed .
Overall governance signals are supportive: independence, compensation oversight engagement, equity alignment requirements, and absence of related‑party exposure. Monitoring points include time commitment given her senior operating role at Marriott and ensuring progressive compliance with director ownership guidelines within five years .