Betsy Battle
About Betsy L. Battle
Betsy L. Battle (age 70) has served as a director of OPAL Fuels since July 2022. She is Founding Partner and Chief Investment Officer at Lone Peak Partners Management, LP (since 2009), with prior senior roles at Soros Fund Management (Director of Manager Selection; Management Committee; eight years) and managerial posts in Global Sales & Trading at Bankers Trust, Citicorp, and JP Morgan. She holds a BA from the University of North Carolina at Chapel Hill (1976).
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Lone Peak Partners Management, LP | Founding Partner & Chief Investment Officer | Since 2009 | Leads investment process; CIO oversight |
| Soros Fund Management LLC | Director of Manager Selection; Management Committee member | Eight years (prior to 2009) | Built manager selection, due diligence, multi-manager portfolio construction/monitoring |
| Bankers Trust; Citicorp; JP Morgan | Manager in Global Sales & Trading | Not disclosed | Senior managerial responsibilities in global markets |
External Roles
| Organization | Type | Role | Tenure/Notes |
|---|---|---|---|
| UNC Kenan-Flagler Business School Foundation Board | Non-profit/academic | Director | Term expired June 2024 |
| International Advisory Board of Carolina Performing Arts | Non-profit | Board Member | Current |
| Breast Cancer Research Foundation | Non-profit | Treasurer and Board Member | Current |
| Keenan Institute of Private Enterprise | Academic/Institute | Fellow | Current |
| Peconic Land Trust (President’s Council) | Non-profit | Member | Current |
Board Governance
- Committee assignments: Battle is a director and is not listed as a member of the Audit or Compensation Committees. Audit Committee members: Ashok Vemuri (Chair), James Martell, and (post-2025 meeting) Scott Dols; Compensation Committee members: Mark Comora, Nadeem Nisar, Ashok Vemuri (2025). Battle is not on either committee.
- Independence status: OPAL is a “controlled company” under Nasdaq rules; in 2025 the Board determined Martell, Vemuri, and Dols are independent—Battle is not identified as independent.
- Attendance and engagement: The Board held 10 meetings in 2024 with five executive sessions; each Director attended at least 75% of Board and committee meetings during their service period. All directors attended last year’s Annual Meeting.
- Years of service on OPAL board: Director since July 2022.
- Anti-hedging/anti-pledging: Company prohibits hedging and pledging by directors and officers.
Fixed Compensation
| Component | FY 2023 | FY 2024 |
|---|---|---|
| Annual cash retainer ($) | $60,000 | $60,000 |
| Audit Committee member fee ($) | Not applicable (not a member) | Not applicable (not a member) |
| Compensation Committee member fee ($) | Not applicable (not a member) | Not applicable (not a member) |
| Committee chair fee ($) | Not applicable | Not applicable |
| Total cash fees ($) | $60,000 | $60,000 |
Policy reference (context): Non-employee director compensation provides $60,000 annual cash retainer; $15,000 (Audit) or $10,000 (Compensation) additional retainer per committee; $5,000 additional for chair; annual equity grant sized to ~$135,000 (2023) and ~$130,000 (2024) of RSUs.
Performance Compensation
| Grant Type | Grant Date | Shares/Units | Grant Date Fair Value ($) | Vesting |
|---|---|---|---|---|
| RSU (Director annual grant) | 3/31/2023 | 19,369 | $135,000 | 100% on 3/31/2024 |
| RSU (Director annual grant) | 3/31/2024 | 27,218 | $135,000 | 100% on 3/31/2025 |
Notes:
- Non-employee directors hold no other equity incentive awards beyond these RSUs.
- Company policy restricts option grants timing and prohibits hedging/pledging; annual director equity grants are RSUs, not options.
Other Directorships & Interlocks
| Company/Entity | Public Company? | Role | Potential Interlock/Conflict |
|---|---|---|---|
| UNC Kenan-Flagler Business School Foundation Board | No | Director | None disclosed |
| Carolina Performing Arts (International Advisory Board) | No | Board Member | None disclosed |
| Breast Cancer Research Foundation | No | Treasurer & Board Member | None disclosed |
| Keenan Institute of Private Enterprise | No | Fellow | None disclosed |
| Peconic Land Trust (President’s Council) | No | Member | None disclosed |
No current public company directorships disclosed for Battle.
Expertise & Qualifications
- Hedge fund and multi-manager portfolio expertise (built manager selection, due diligence, portfolio construction/monitoring at Soros Fund Management).
- Senior markets background in Global Sales & Trading at Bankers Trust, Citicorp, and JP Morgan.
- CIO/investment leadership at Lone Peak Partners since 2009.
- BA, UNC Chapel Hill (1976).
Equity Ownership
| Metric | FY 2024 | FY 2025 |
|---|---|---|
| Beneficially owned Class A shares (count) | 29,494 | 56,712 |
| % of Class A outstanding | <1% | <1% |
| Voting power (%) | <1% | <1% |
| Pledged OPAL shares | Prohibited by policy; none disclosed | Prohibited by policy; none disclosed |
Company-wide anti-pledging policy applies to directors.
Insider Trades
| Year | Section 16(a) Compliance Status |
|---|---|
| 2023 | Company believes officers/directors timely complied; no delinquent reports noted. |
| 2024 | Company believes officers/directors timely complied; no delinquent reports noted. |
Governance Assessment
- Independence and committee influence: Battle is not designated independent by OPAL’s Board and does not sit on Audit or Compensation Committees, constraining her formal oversight leverage in a controlled company context.
- Attendance/engagement: She met the ≥75% attendance threshold in 2024 amid 10 Board meetings and five executive sessions; all directors attended the last Annual Meeting—supportive of engagement.
- Pay and alignment: Director pay mix is standard (cash retainer plus time-based RSUs). Annual RSUs vest 100% after one year, providing some alignment without performance gating; non-employee directors have no options or PSUs, and hedging/pledging is prohibited.
- Conflicts/related-party exposure: No Battle-specific related-party transactions disclosed; major related-party arrangements primarily involve Fortistar/OPAL Holdco/Hillman (Chairman Mark Comora and affiliates). This reduces direct conflict risk for Battle, though the controlled company status and Fortistar relationships are structural governance considerations.
- RED FLAGS: Structural “controlled company” exemptions (majority voting power by OPAL Holdco/Fortistar) reduce independent oversight; Battle’s non-independent designation and lack of committee roles limit formal governance influence. No personal hedging/pledging, related-party transactions, or attendance issues disclosed.