Emily White

About Emily White

Emily White, age 46, has served on Olaplex’s Board since August 2021 and is a Class II director with a term expiring in 2026. She is President of Anthos Capital (since 2018) and previously held senior operating roles at Snapchat (COO), Facebook/Instagram (led monetization), and Google (ran NA Online Sales & Ops; APAC & LATAM businesses; Emerging Business channel). She holds a B.A. in Art History from Vanderbilt University. Her board skills include retail industry expertise, international markets, strategy, marketing/brand development, and senior leadership, as reflected in Olaplex’s director skills matrix .

Past Roles

External Roles

Board Governance

• Committee assignments: Member, Nominating and Corporate Governance Committee; Chair is Deirdre Findlay .
• Committee meetings FY2024: Audit (5), Compensation (4), Nominating & Corporate Governance (4) .
• Attendance: The Board met four times in FY2024; no director attended fewer than 75% of aggregate Board and committee meetings; 82% of directors attended the 2024 annual meeting .
• Lead Director: Tricia Glynn (separate from Executive Chair) .
• Controlled company: Advent Funds hold ~75% voting power; Olaplex relies on Nasdaq controlled-company exemptions (Compensation and Nominating committees may include non-independent directors; Audit remains fully independent) .

Fixed Compensation

Policy reference:

• Cash retainers: $100,000 director; committee membership—Audit $15,000 ($30,000 chair), Compensation $10,000 ($20,000 chair), Nominating $10,000 ($15,000 chair); Lead Director $120,000; Chair $150,000 .
• Annual RSU grant: ~$150,000 (non-chair); vests on first anniversary of grant .

Performance Compensation

• Directors: No performance-based equity disclosed; RSUs vest time-based. No director options or PSUs tied to metrics for Emily White were disclosed .
• Company-wide FY2024 executive bonus metrics (context for governance quality):
  • Weighting: 2/3 net sales; 1/3 adjusted EBITDA .
  • Results: Net sales $423M; adjusted EBITDA $130M; payout determined at 46% of target plus 14% discretionary for 60% aggregate payout to maintain retention and accountability .

Other Directorships & Interlocks

• Interlocks: Multiple Olaplex directors also serve at lululemon (Emily White current; David Mussafer current; Martha Morfitt is chair), indicating dense board networks that may enhance information flow but require independence safeguards .
• Advent influence: Advent Funds control ~75% voting; Emily is not an Advent employee; she is President of Anthos Capital with significant beneficial ownership via Anthos vehicles (see Equity Ownership) .

Expertise & Qualifications

• Technology and platform monetization (Snapchat, Facebook/Instagram, Google) .
• Retail/consumer brand insights; marketing and strategy expertise .
• Service on other public company boards; international markets; senior leadership (skills matrix) .

Equity Ownership

Ownership alignment policies:

• Stock ownership guidelines: Outside Directors must hold vested equity equal to 5x annual cash retainer; retention of 67% of net shares until guideline met; incumbents have achieved or are expected to meet within timeframe .
• Anti-hedging and anti-pledging: Prohibited under Insider Trading Policy .

Governance Assessment

• Strengths:

  • Significant “skin-in-the-game” via 3.6% beneficial ownership, aligning interests with shareholders .
  • Governance policies: stock ownership guidelines, anti-hedging/pledging, clawbacks, annual Board/committee evaluations .
  • Attendance above 75% threshold; structured committee oversight (risk, nominations, compensation) .
  • Prior say-on-pay support >91% (FY2023), suggesting shareholder confidence in compensation oversight .

• Potential conflicts and monitoring points:

  • Controlled company exemptions reduce independence requirements for Compensation and Nominating committees; Emily serves on Nominating & Corporate Governance (not required to be fully independent), increasing the need for robust nomination processes .
  • Beneficial ownership through Anthos (with spouse’s management roles) may create perceived conflicts in matters affecting large shareholders; disclosure and recusal practices should be monitored .
  • Interlocks at lululemon with other Olaplex directors increase network density; monitor for conflicts and ensure proper independence and committee practices .

• Related-party transactions:

  • No Emily-specific related-party transactions disclosed. Company disclosed a Pacvue agreement where Advent-affiliated funds own >10%; $0.3M in payments during 2024; Audit Committee oversees RPT policy .

• Director compensation appropriateness:

  • Mix of cash ($110k) and time-based RSUs ($150k) appears standard for sector and aligned with ownership requirements; no options or performance-based director pay disclosed for Emily .

• RED FLAGS to watch:

  • Controlled company status and committee composition exemptions .
  • Large shareholder-linked director on Nominating Committee (perceived influence) .
  • Dense external interlocks (lululemon) among Olaplex directors .

Overall, Emily White brings deep consumer-tech monetization and brand strategy expertise with substantial equity alignment; governance risks relate to controlled-company structures and large-holder linkages requiring continued rigor in independence practices, recusal, and transparent nomination processes .