Greg Scheu
About Greg Scheu
Independent director of nVent Electric plc since 2021; age 63 as of the 2025 proxy. Former President of the Americas and Head of Group Service & Business Integration at ABB Inc., member of ABB Ltd.’s Executive Committee (2012–2019). Post-retirement, founded StratPro Partners and serves as a senior advisor to private equity firm Lindsay Goldberg. Core credentials: enterprise operations leadership, M&A integration, and business integration expertise. Independence affirmed by the Board under NYSE standards .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| ABB Inc. (subsidiary of ABB Ltd.) | President, Americas; Head of Group Service & Business Integration; earlier Head of Marketing & Customer Solutions | 2001–2019 (Exec. Committee 2012–2019) | Led large-scale business integration and operations; senior leadership in enterprise operations and M&A integration . |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| StratPro Partners | Founder | 2019–present | Consulting/advisory practice founded post-ABB retirement . |
| Lindsay Goldberg (PE) | Senior Advisor | 2019–present | Private equity advisory role; no related-party transactions disclosed by nVent . |
Board Governance
- Committee memberships
- Audit & Finance Committee member; Chair is Herbert K. Parker; Committee duties include oversight of accounting/financial reporting, financing strategy, internal controls, cybersecurity, internal audit, risk management, and AI-related risk oversight in 2025 .
- Independence and attendance
- Independent director under NYSE standards; no material relationships interfering with judgment .
- Board met 5 times in 2024; average director attendance 100%; all directors attended at least 75% of meetings; all directors attended the 2024 AGM .
- Capacity and overboarding
- nVent policy limits directors to four other public company boards; all directors in compliance .
Fixed Compensation
| Component | 2023 ($) | 2024 ($) |
|---|---|---|
| Board Cash Retainer | 85,000 | 85,000 (increased to $90,000 for 2025) |
| Audit & Finance Committee Member Retainer | 12,500 | 12,500 |
| Total Fees Earned (Cash) | 97,500 | 97,500 |
| All Other Compensation (company charitable contributions) | — | 5,000 |
| Total Director Compensation (Cash + Equity fair value) | 242,494 | 252,519 |
Notes:
- Director equity grant amount was $145,000 in 2023 and $150,000 in 2024; increased to $160,000 effective for 2025 grants; RSUs generally vest one year after grant .
Performance Compensation
Directors receive time-vested RSUs; no performance metrics (e.g., TSR or financial goals) apply to director equity grants. RSU grants vest one year after grant; dividend equivalents accrue and are paid in cash upon vesting .
| Equity Detail | 2023 | 2024 |
|---|---|---|
| Stock Awards (grant-date fair value) | $144,994 | $150,019 |
| Unvested RSUs at year-end | 3,515 units (as of 12/31/2023) | 1,875 units (as of 12/31/2024) |
| RSU Vesting Basis | Time-based (1-year vest) | Time-based (1-year vest) |
Other Directorships & Interlocks
| Company/Institution | Public? | Role | Potential Interlock/Conflict |
|---|---|---|---|
| StratPro Partners | Private | Founder | None disclosed . |
| Lindsay Goldberg | Private | Senior Advisor | PE advisory; nVent reports no related person transactions; independence affirmed . |
| Other public company boards | — | — | None disclosed for Scheu in past five years . |
Expertise & Qualifications
- Enterprise operations, manufacturing, and business integrations leadership from ABB senior roles .
- M&A integration experience and executive leadership across global technology operations .
- Financially literate as Audit & Finance Committee member; Committee’s designated “financial experts” are Parker and Ostling .
Equity Ownership
| As of March 19, 2025 | Shares/Units | Amount |
|---|---|---|
| Ordinary Shares | 18,796 | |
| Share Units (deferred RSUs) | — (not disclosed for Scheu) | |
| Right to Acquire within 60 days (e.g., RSUs vesting/options exercisable) | 1,875 | |
| ESOP Stock | — | |
| Total Beneficial Ownership | 20,671 | |
| Ownership Guidelines Compliance | Met (directors must hold 5× annual board retainer within 5 years) |
Policy alignment:
- Anti-hedging and anti-pledging policy in place; directors subject to nVent insider trading policies .
Governance Assessment
-
Strengths
- Independence affirmed; no related-party transactions; clean conflicts profile .
- Active Audit & Finance Committee service with oversight of financial reporting, internal controls, cybersecurity, and AI risk; complements Scheu’s operations/M&A integration background .
- Strong engagement: average 100% attendance; robust executive sessions; active shareholder outreach .
- Ownership alignment: meets director stock ownership guideline; anti-hedging/pledging policy reinforces alignment .
- Say-on-Pay support signals constructive governance environment (96–97% approval in recent years) .
-
Watch items
- PE advisory role (Lindsay Goldberg) warrants routine monitoring for potential indirect interlocks; no related-party exposure disclosed and independence reaffirmed .
- Director equity is time-vested RSUs (no performance conditions); common market practice, but limited performance linkage for directors .
-
Compensation structure signals
- Year-over-year director equity grant increase ($145k→$150k in 2024; to $160k in 2025) and stable cash retainers suggest modest upward trend aligned to peer practices reviewed by WTW; not indicative of pay inflation beyond market .
- No meeting fees; mix emphasizes long-term equity to reinforce shareholder alignment .
-
Committee composition and process quality
- Audit & Finance Committee composed solely of independent directors; multiple members financially literate; designated audit committee financial experts identified; regular risk, cybersecurity, and AI oversight processes documented .
This analysis reflects the latest proxies (2024 and 2025) and board disclosures.