Pamela Edwards
About Pamela Edwards
Pamela Edwards (age 62) joined the Olaplex Holdings, Inc. (OLPX) Board in March 2025 as a Class II independent director. She is a seasoned retail finance executive, previously CFO/EVP at Citi Trends (2021–2022) and CFO across multiple L Brands divisions (Mast Global 2017–2020; Victoria’s Secret 2007–2017; Express 2005–2007). She holds an MBA from Duke’s Fuqua School and a BS in Finance from Florida A&M University .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Citi Trends, Inc. | Chief Financial Officer & EVP | Jan 2021 – Apr 2022 | Led finance for value apparel retailer |
| L Brands – Mast Global | CFO & EVP | Apr 2017 – Sep 2020 | Global supply chain/operations finance leadership |
| L Brands – Victoria’s Secret (now VSCO) | CFO | 2007 – Apr 2017 | Division CFO for major specialty retailer |
| L Brands – Express | CFO | 2005 – 2007 | Apparel specialty retail CFO |
| Gap/Old Navy; Sears Roebuck; Kraft Foods | Planning/finance roles | Various | Progressive finance roles |
External Roles
| Company | Role | Start/End | Committees/Notes |
|---|---|---|---|
| The AZEK Company Inc. (NYSE: AZEK) | Director | Sep 2023 – present | Audit Committee member; designated Audit Committee Financial Expert (2025 proxy) |
| Citi Trends, Inc. (NASDAQ: CTRN) | Director | Current | Committee roles not disclosed in OLPX proxy |
| Hibbett, Inc. (NASDAQ: HIBB) | Director | 2022 – 2024 | Prior public company directorship |
| NMG Holding Company, Inc. (Neiman Marcus Group) | Director | 2020 – 2024 | Prior board service |
Board Governance
| Topic | Detail |
|---|---|
| OLPX Committee Assignment | Audit Committee member, effective March 19, 2025 |
| Audit Committee Composition | Christine Dagousset, Pamela Edwards, Martha Morfitt (Chair), Paula Zusi; each meets SEC/Nasdaq independence requirements; Morfitt designated “audit committee financial expert” |
| Independence Status | Board determined Edwards meets Rule 10A-3 and Nasdaq independence for Audit Committee |
| Board Attendance (FY2024) | No director attended <75% of Board/committee meetings; 82% attended 2024 annual meeting (Edwards joined in 2025) |
| Lead Director | Tricia Glynn |
| Controlled Company | OLPX is a Nasdaq “controlled company” (Advent Funds hold >50%); relies on exemptions for majority-independent Board and fully independent Comp/NomGov committees; Audit Committee complies fully |
Fixed Compensation
| Component | Amount/Policy |
|---|---|
| Annual cash retainer (non-employee director) | $100,000; $150,000 for Board Chair; $120,000 for Lead Director |
| Audit Committee | $15,000 member; $30,000 chair |
| Compensation Committee | $10,000 member; $20,000 chair |
| Nominating & Corporate Governance Committee | $10,000 member; $15,000 chair |
| Equity – Annual RSUs | ~$150,000 RSU grant (or $250,000 for Board Chair); vests on first anniversary of grant, subject to continued service |
| Payment timing | Cash retainers paid quarterly in arrears |
Performance Compensation
| Element | Detail |
|---|---|
| Performance-linked pay | Non-employee director compensation has no performance-based metrics; RSUs are time-based vesting |
| Equity acceleration | Legacy director stock options vest in full upon change of control (policy applies to directors with options) |
Other Directorships & Interlocks
- Active external boards (AZEK, Citi Trends) are in building products and value apparel retail—no disclosed direct competitive or supplier/customer interlocks with Olaplex; no OLPX-related party transactions involving Edwards identified in the proxy .
- OLPX related-party transactions include Pacvue services tied to Advent-affiliated funds; not connected to Edwards .
Expertise & Qualifications
- Finance/accounting and senior leadership depth; retail/consumer experience; strategy orientation (Board skills matrix) .
- Education: MBA (Duke Fuqua), BS Finance (Florida A&M) .
- AZEK designates her as an Audit Committee Financial Expert, reinforcing audit oversight capability .
Equity Ownership
| Metric | As of Apr 9, 2025 | Aug 12, 2025 |
|---|---|---|
| Shares beneficially owned (#) | — | 110,294 RSUs granted; direct ownership shown following award |
| Ownership form | — | Direct (D) |
| Vesting | — | RSUs vest in full on date of OLPX 2026 Annual Meeting of Stockholders, subject to continued service |
| Stock ownership guidelines | Outside directors must hold vested equity equal to 5x annual cash retainer by later of 2026 annual meeting or 5 years after becoming an Outside Director; retention of 67% of net shares until compliant |
Insider Trades
| Date | Security/Type | Shares | Price | Notes |
|---|---|---|---|---|
| Aug 12, 2025 | RSU award (grant) | 110,294 | $0.00 | RSUs vest in full at 2026 Annual Meeting; direct ownership reported |
Governance Assessment
- Strengths:
- Independent Audit Committee membership; compliance with SEC/Nasdaq independence; strong audit oversight credentials (AZEK “financial expert” designation) .
- Director equity grants and OLPX stock ownership guidelines promote alignment; anti-hedging/anti-pledging policy reduces misalignment risk .
- OLPX Board attendance strong in FY2024; executive sessions held without management .
- Considerations/Red Flags:
- Controlled company status with Advent majority may reduce independence across Compensation/NomGov committees; audit remains fully independent .
- Compensation Committee includes Advent-affiliated directors (e.g., Glynn, Mussafer), raising potential perception of influence; not specific to Edwards but relevant to board effectiveness .
- No disclosed related-party transactions tied to Edwards; ongoing vigilance warranted given multi-company board roles .
Policy signals: OLPX maintains formal clawbacks (SEC-compliant and discretionary), prohibits hedging/pledging, and targets meaningful stock ownership by directors, all supportive of investor confidence . Say-on-pay support in 2023 exceeded 91%, reflecting shareholder alignment with compensation practices (executive program) .