Thomas Reichert
INSIGHT ENTERPRISESAbout Thomas Reichert
Thomas Reichert (age 58) joined Insight Enterprises’ Board on August 30, 2024, and is classified as an independent director. He is the CEO of Environmental Resources Management (ERM) since February 2022 and previously spent 25+ years at Boston Consulting Group (BCG), where he led DigitalBCG, chaired North America, and led the global IT practice. His background centers on digital consulting, go-to-market, and technology leadership relevant to Insight’s higher-margin services strategy .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Environmental Resources Management (ERM) | Chief Executive Officer | Feb 2022 – present | Leads the world’s largest specialist sustainability consultancy (~8,000 experts across 40 countries) . |
| Boston Consulting Group (BCG) | Global Leader, DigitalBCG; Chair of North America; Global IT Practice Leader | Various; DigitalBCG Jan 2017–Feb 2022 | 30 years of C‑suite advisory and digital leadership; named Business Insider “Power Players of Consulting” (2020) and Consulting Magazine Top 25 in leadership (2014) . |
External Roles
| Category | Details |
|---|---|
| Current public company boards | None disclosed in the proxy biography . |
| Private company/other roles | CEO of ERM (private) . |
| Non-profit/academia | Not disclosed. |
| Interlocks/related-party exposure | Company disclosed none for Reichert (no Item 404(a) transactions) ; overall, no related-person transactions since start of FY2024 . |
Board Governance
- Independence: The Board determined all current directors other than the CEO (Joyce Mullen) are independent; Reichert is independent .
- Committees: Member, Audit Committee; Member, Nominating & Governance Committee; effective August 30, 2024. He is not a chair .
- Chairs: Audit Chair – Linda M. Breard; Nominating & Governance Chair – Bruce W. Armstrong .
- Meetings (2024): Audit (10), Nominating & Governance (4); Board held 9 meetings .
- Attendance: Each director except Catherine Courage attended at least 75% of Board and applicable committee meetings during their tenure in 2024 .
- Leadership structure: Independent Chair (Timothy A. Crown) and Presiding Director (Anthony A. Ibargüen); Board uses regular executive sessions .
- Board assessment: Annual, facilitated by outside counsel with questionnaires and interviews; feedback drives improvements at Board/committee/individual levels .
Fixed Compensation
| Component (Directors) | 2024 Program Amount | Notes |
|---|---|---|
| Board cash retainer | $90,000 | Paid quarterly; prorated for partial-year service . |
| Committee member retainers | Audit $15,000; Comp $10,000; Nominating & Governance $5,000 | Paid in addition to Board retainer; prorated . |
| Chair retainers | Board Chair $150,000; Audit Chair $30,000; Comp Chair $20,000; N&G Chair $15,000 | For role incumbents . |
| Thomas Reichert – 2024 Director Compensation | Amount (USD) |
|---|---|
| Fees earned/paid in cash | $37,065 |
| Stock awards (grant-date fair value) | $141,530 |
| Total | $178,595 |
- Indemnification: Entered into Insight’s standard director indemnification agreement upon appointment .
Performance Compensation
Directors receive service-based RSUs (no performance metrics). Grants vest ratably over three years and fully vest on retirement (subject to conditions) .
| Equity Award Detail (Thomas Reichert) | Data |
|---|---|
| Appointment grant date and valuation | RSUs granted August 30, 2024; grant-date fair value $141,530 at $217.07 per share . |
| Unvested RSUs outstanding (12/31/2024) | 652 units . |
| Vesting schedule | Ratably over 3 years from grant date . |
Other Directorships & Interlocks
| Item | Status |
|---|---|
| Other public company directorships | None disclosed . |
| Interlocks (Comp Committee) | Comp Committee comprised of independent directors; no interlocks or insider participation disclosed . |
| Related-party transactions | None involving Reichert; none overall since start of FY2024 . |
Expertise & Qualifications
- 30 years in digital consulting and C‑suite advisory, spanning DigitalBCG, North America leadership, and global IT practice leadership, aligning with Insight’s services/solutions strategy .
- Sustainability and risk expertise via ERM CEO role; complements Insight’s governance and risk oversight .
- Recognitions: Business Insider “Power Players of Consulting” (2020); Consulting Magazine Top 25 (Leadership) (2014) .
Equity Ownership
| Ownership Element | Status |
|---|---|
| Beneficial ownership (2/28/2025) | 0 shares reported; <1% of outstanding . |
| Unvested director equity | 652 RSUs outstanding (12/31/2024) . |
| Ownership guidelines | 5x annual retainer within 5 years; Reichert is within the transition period (not yet expected to be at target) . |
| Hedging/pledging | Prohibited by policy; policy also prohibits short sales and holding in margin accounts . |
| Section 16 compliance | Late Form 4 filed Sept 5, 2024 for appointment RSU grant due to EDGAR code delays . |
Insider Trades
| Date | Filing/Action | Details | |---|---| | Sept 5, 2024 | Late Form 4 filing | Reported RSU grant upon Aug 30, 2024 appointment; delay due to EDGAR code issuance . |
Compensation Committee Analysis
- Composition (2024): Independent-only; members included Allen (Chair), Armstrong, Baum, Breard, Courage, Ibargüen, and (as of Aug 30, 2024) Foutty .
- Consultant: Meridian Compensation Partners engaged as independent advisor; supports executive/director pay benchmarking and structure .
- Interlocks: None; no member was an officer/employee of Insight in 2024; no cross-board interlocks disclosed .
Related-Party Transactions
- Policy: Audit Committee-administered policy; pre-approval thresholds and carve-outs; annual questionnaires and review .
- Disclosures: No related-person transactions since the start of FY2024; 8‑K confirmed none involving Reichert at appointment .
Say-on-Pay & Shareholder Feedback
| Meeting | Outcome |
|---|---|
| 2024 Annual Meeting | ~98% approval on say‑on‑pay . |
| 2025 Annual Meeting | Say‑on‑pay approved: For 29,635,196; Against 624,161; Abstain 11,098; Broker non-votes 924,169 . |
Governance Assessment
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Strengths
- Independent director with deep digital and services expertise aligned to Insight’s margin-mix shift; committee roles on Audit and Nominating & Governance bolster board oversight .
- Strong director pay structure with meaningful equity, multi-year vesting, and robust ownership/anti-hedging policies; standard indemnification in place .
- No related-party transactions or interlocks; broad board independence; board conducts rigorous self-evaluations .
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Watch items
- Low current beneficial ownership (0 shares reported as of 2/28/2025) while still within the five-year ownership build period; monitor progress toward 5x retainer guideline .
- Administrative late Form 4 on initial grant (EDGAR code timing) – minor and disclosed .
-
Overall implication: Reichert’s digital consulting and sustainability credentials enhance board effectiveness in Insight’s services-led strategy and risk oversight. Lack of conflicts and strong independence profile support investor confidence, while equity ownership ramp should improve alignment over time .