Deirdre Findlay
About Deirdre Findlay
Deirdre Findlay, age 51, has served on the OLPX board since August 2021 and currently chairs the Nominating & Corporate Governance Committee. She is a seasoned consumer and digital marketing executive, most recently serving as Global Chief Commercial Officer at Sonos (Oct 2023–Mar 2025), with prior CMO roles at McAfee, Condé Nast, and Stitch Fix; earlier roles include senior marketing leadership at Google, eBay, and Digitas. She holds a B.A. in Economics from Williams College and an MBA from Dartmouth’s Tuck School of Business .
Past Roles
| Organization | Role | Tenure | Committees / Impact |
|---|---|---|---|
| Sonos, Inc. | Global Chief Commercial Officer | Oct 2023 – Mar 2025 | Senior commercial leadership across marketing/sales |
| McAfee Corp. | Global Chief Marketing Officer | Jan 2023 – Oct 2023 | Global brand and growth marketing |
| Condé Nast | Global CMO & Head of Consumer Revenue | 2020 – 2023 | Led consumer monetization and brand |
| Stitch Fix | Global Chief Marketing Officer | 2018 – 2020 | Growth and brand leadership |
| Sr. Director, Global Hardware Marketing | 2013 – 2018 | Led Google hardware marketing | |
| eBay | Sr. Director, Consumer Marketing | 2011 – Apr 2013 | Consumer demand-generation |
| Digitas | Senior Vice President | 2000 – 2011 | Digital marketing leadership |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Sonos, Inc. | Director (prior) | 2020 – 2023 | Former public company directorship |
| Penelope Group GP, LLC (former GP of Penelope Group Holdings, L.P.) | Board of Managers | Sep 2020 – Pre-IPO reorg | Pre-IPO governance of former indirect parent of Olaplex, Inc. |
Board Governance
- Board class and term: Class I director; re-elected at the June 12, 2025 Annual Meeting for a term expiring at the 2028 Annual Meeting .
- Committee assignments: Chair, Nominating & Corporate Governance Committee; not a member of Audit or Compensation Committees .
- Meeting cadence/attendance: Board held 4 meetings in FY2024; no director attended fewer than 75% of combined board and committee meetings; non-employee directors meet periodically in executive sessions without management .
- Controlled company context: OLPX relies on Nasdaq “controlled company” exemptions—Compensation and Nominating & Corporate Governance Committees are not required to be entirely independent; Audit Committee follows full independence rules .
- Director election support (2025): Votes FOR 595,651,531; WITHHELD 18,669,763; Broker non-votes 15,814,276 .
Fixed Compensation
| Component (FY2024) | Amount | Notes |
|---|---|---|
| Annual cash retainer | $100,000 | Standard non-employee director retainer |
| Nominating & Corporate Governance Committee Chair retainer | $15,000 | Chair retainer for N&CGC |
| Total cash earned | $115,000 | Actual FY2024 cash compensation |
| Meeting fees | — | Not specified/applicable; retainers paid quarterly |
Performance Compensation
| Equity Element | Grant/Outstanding | Vesting | Value/Details |
|---|---|---|---|
| Annual RSU grant (FY2024) | $150,000 | Annual grant; vests on 1st anniversary of grant date | Aggregate grant date fair value for FY2024 ; policy: ~$150k annual RSUs vest in 1 year |
| RSUs outstanding (as of 12/31/2024) | 76,142 units | Eligible to vest on Jul 16, 2025 (service-based) | Outstanding director RSUs table |
| Stock options outstanding (as of 12/31/2024) | 506,250 options | 448,335 vested as of 12/31/2024; 57,915 vest on Sep 28, 2025 | Director options table; full vesting on change of control for options |
- Performance metrics: Director equity awards are time-based; no performance metrics are disclosed for director grants .
Other Directorships & Interlocks
| Company | Role | Status | Potential Interlock/Notes |
|---|---|---|---|
| Sonos, Inc. | Director | Former (2020–2023) | No current interlock disclosed with OLPX customers/suppliers |
| Penelope Group GP, LLC | Board of Managers | Former (pre-IPO) | Pre-IPO governance of former indirect parent—historical affiliation, not current |
Expertise & Qualifications
- Digital marketing and brand development leadership in consumer sectors (Google hardware, Stitch Fix, Condé Nast, McAfee, Sonos) .
- Skills matrix indicates experience in Retail Industry, Service on Other Public Company Boards, International Markets, Strategy, Marketing/Brand Development, and Senior Leadership .
- Education: B.A. in Economics (Williams College); MBA (Tuck, Dartmouth) .
Equity Ownership
| Metric | Amount | Detail |
|---|---|---|
| Common shares owned | 62,257 shares | Direct ownership |
| Options exercisable within 60 days | 448,335 shares | Included in beneficial ownership |
| Total beneficial ownership | 510,592 shares | As reported; “<1%” of outstanding |
| Shares outstanding (basis for %) | 665,757,390 | As of April 9, 2025 |
| Unvested options | 57,915 options | Eligible to vest Sep 28, 2025 |
| RSUs outstanding | 76,142 units | Eligible to vest Jul 16, 2025 |
| Hedging | Prohibited | Insider Trading Policy prohibits hedging for directors |
| Stock ownership guidelines | 5x annual cash retainer; 67% retention until met | Applies to Outside Directors; timing rules described in policy |
Governance Assessment
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Strengths and signals of effectiveness:
- Chair of Nominating & Corporate Governance Committee, indicating active engagement in board composition, governance guidelines, and annual board/committee evaluations .
- Strong re-election support in 2025 (595.7M for vs. 18.7M withheld), a positive shareholder confidence signal .
- Solid attendance culture (no director <75%); periodic executive sessions reinforce independent oversight .
- Ownership alignment via equity mix: annual RSUs plus meaningful vested options; director ownership guidelines (5x retainer) with a 67% retention requirement until met .
-
Risks and potential red flags to monitor:
- Controlled company status means Compensation and Nominating & Governance Committees are not required to be fully independent, elevating potential influence from the controlling shareholder (Advent Funds own ~75%) .
- Change-of-control acceleration on director stock options could create perceived incentives favoring strategic transactions; monitor equity plan terms in future cycles .
- Historical pre-IPO affiliation: service on the Board of Managers of Penelope Group GP, LLC (former GP of the pre-IPO indirect parent) warrants routine related-party review, though no specific Ms. Findlay-related transaction is disclosed in the proxy’s related party section excerpts provided .
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Compensation structure view:
- Cash/equity mix consistent with market norms for small-cap consumer companies: $115k cash (including $15k chair fee) and $150k in time-based RSUs for FY2024 .
- Director compensation policy set with input from an independent consultant (Aon), supporting governance credibility .
-
Shareholder feedback context:
- 2025 say-on-pay received significant support (For: 607.6M; Against: 6.0M; Abstain: 0.7M; Broker non-votes: 15.8M), indicating broader confidence in compensation governance .