Anthony Ibargüen
INSIGHT ENTERPRISESAbout Anthony A. Ibargüen
Anthony A. Ibargüen, 66, has served on Insight Enterprises’ Board since July 2008 and was interim President and Chief Executive Officer from September to December 2009. He is currently Executive Chair of Culligan Quench and Culligan Latin America; previously CEO of Quench USA, Inc. (October 2010–December 2024) and CEO/Director of AquaVenture Holdings (until its sale to Culligan in March 2020). He was elected to the Board of the Federal Reserve Bank of Philadelphia in 2018 and serves as Chairman and a member of its executive and nominating & governance committees .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Insight Enterprises, Inc. | Interim President & CEO | Sep–Dec 2009 | Leadership continuity during transition |
| Quench USA, Inc. | Chief Executive Officer | Oct 2010–Dec 2024 | Led growth until transition to Executive Chair roles |
| AquaVenture Holdings LLC (NYSE-listed) | Chief Executive Officer; Board Member | Until sale in Mar 2020 | Led public company to strategic sale to Culligan |
| Alliance Consulting Group | Chief Executive Officer | 2004–2008 | IT consulting leadership |
| Tech Data Corporation (Fortune 500) | President; Director | Not disclosed (prior to 2004) | Global technology distribution leadership |
External Roles
| Organization | Role | Tenure | Committees |
|---|---|---|---|
| Culligan Quench | Executive Chair | Current | — |
| Culligan Latin America | Executive Chair | Current | — |
| Federal Reserve Bank of Philadelphia | Chairman; Director | Elected 2018; current | Executive; Nominating & Governance |
Board Governance
- Independence: Determined independent under NASDAQ listing standards; the Board is majority independent with only the CEO non-independent .
- Roles: Presiding Director of the Board, responsible for Executive Committee participation, recommending agenda items, and filling in when the Chair is unavailable .
- Committee assignments: Compensation Committee member; Nominating & Governance Committee member; Executive Committee member (Chair: Timothy Crown; members: Ibargüen, Mullen) .
- Attendance: The Board met nine times in 2024; each director except Catherine Courage attended at least 75% of Board/committee meetings—indicating Ibargüen met the minimum attendance threshold .
- Committee activity: Compensation Committee met 6 times; Nominating & Governance met 4 times; Audit met 10 times; all committee members are independent .
- Governance culture: Say-on-pay received ~98% support at the 2024 Annual Meeting .
- Hedging/pledging: Company policy prohibits director hedging, short sales, and pledging of Company securities .
Fixed Compensation
| Component | 2024 Amount | 2025 Program |
|---|---|---|
| Board retainer (cash) | $90,000 | $90,000 |
| Compensation Committee member retainer | $10,000 | $10,000 |
| Nominating & Governance Committee member retainer | $5,000 | $5,000 |
| Total Fees Earned (Ibargüen) | $105,000 | Program unchanged |
| Annual director RSU grant value | $200,000 | $200,000 |
Notes:
- 2024 RSU grant to non-employee directors (including Ibargüen) was made May 21, 2024 at a grant-date fair value of $200,035, based on $208.37 closing price per share .
- Director RSUs vest ratably over three years; RSUs fully vest upon retirement, subject to conditions .
Performance Compensation
| Director Equity Award Performance Metrics | Details |
|---|---|
| Performance metrics | None; director RSUs are service-based with time vesting (no performance conditions) |
| Vesting | Ratably over 3 years; retirement-vesting subject to conditions |
| 2024 Grant (Ibargüen) | Stock awards fair value: $200,035; grant date May 21, 2024 (closing price $208.37) |
Other Directorships & Interlocks
| Company/Institution | Type | Role | Notes |
|---|---|---|---|
| Federal Reserve Bank of Philadelphia | Governmental/Quasi-public | Chairman; Director | Executive and Nominating & Governance committees |
| AquaVenture Holdings LLC | Public (prior) | CEO; Director | Sold to Culligan in Mar 2020 |
| Culligan Quench; Culligan Latin America | Private | Executive Chair | Current |
- Compensation Committee interlocks: None disclosed for any members (including Ibargüen) .
- Related-party transactions: None requiring disclosure since the start of FY2024 .
Expertise & Qualifications
- 30+ years in IT industry; deep knowledge of global enterprise management, finance, product distribution, and value-added services .
- Prior leadership at Tech Data (Fortune 500 global distributor) .
- Public company CEO experience (AquaVenture) and board chair experience (Federal Reserve Bank of Philadelphia) .
Equity Ownership
| Item | Amount |
|---|---|
| Beneficial ownership (common shares) | 19,743 shares |
| Shares outstanding (reference date) | 31,910,334 (as of Feb 28, 2025) |
| Ownership as % of shares outstanding | ~0.06% (19,743 / 31,910,334) |
| Unvested director stock awards | 2,283 RSUs (as of Dec 31, 2024) |
| Director stock ownership guideline | ≥5x annual retainer; compliance required within 5 years |
| Compliance status | All non-employee directors except Foutty and Reichert had attained guideline as of Dec 31, 2024 (implies Ibargüen in compliance) |
| Hedging/Pledging status | Hedging, short sales, and pledging prohibited by policy |
| Section 16(a) reporting | No late filings noted for Ibargüen in 2024 (late filings only for Foutty and Reichert due to EDGAR code delays) |
Governance Assessment
- Strengths: Independent Presiding Director role, multi-committee engagement (Compensation; Nominating & Governance; Executive), adequate attendance, and strong ownership alignment via RSUs and guideline compliance .
- Incentive design: Director pay mix is balanced (cash retainer + service-based RSUs with multi-year vesting), promoting long-term alignment without performance gaming; retirement-vesting subject to conditions mitigates flight risk while maintaining alignment .
- Conflicts/Related party exposure: No related-party transactions requiring disclosure; compensation committee interlocks absent; hedging/pledging prohibited—reducing alignment risk .
- Cultural signal: Strong shareholder support for pay practices (98% say-on-pay in 2024), indicating alignment between board oversight and investor expectations .
RED FLAGS: None disclosed specific to Ibargüen. Monitoring points include time commitments across external chair roles and continued vigilance for any future related-party dealings; current proxy indicates none requiring disclosure .