Scott F. Powers
PULTEGROUP INC/MI/About Scott F. Powers
Scott F. Powers (age 65) has served on PulteGroup’s Board since 2016 (9 years as of 2025). He is a former President and CEO of State Street Global Advisors, with prior senior roles at State Street Corporation (EVP; 2008–2015), Old Mutual USA/Old Mutual Asset Management (President & CEO; 2001–2008), and executive roles at Mellon Financial and Boston Company Asset Management, bringing deep financial services, risk management, and governance expertise to PHM’s Board .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| State Street Global Advisors | President & CEO | 2008–2015 | Leadership through industry change; risk and crisis management |
| State Street Corporation | Executive Vice President; SSGA CEO | 2008–2015 | Member of State Street Management Committee |
| Old Mutual USA & Old Mutual Asset Management | President & CEO | 2001–2008 | Growth and operations leadership |
| Mellon Financial Corporation | Executive role | Not disclosed | Financial services operating experience |
| Boston Company Asset Management | Executive role | Not disclosed | Asset management expertise |
External Roles
| Company | Role | Tenure | Committees |
|---|---|---|---|
| Sun Life Financial, Inc. | Non-Executive Chairman; Director | 2015–present | Board leadership |
| Automatic Data Processing, Inc. (ADP) | Director; Chair of Compensation & Management Development; Member of Nominating/Corporate Governance | 2018–present | Compensation chair; governance committee member |
| Whole Foods Market, Inc. | Former Director | 2017 | Prior public company board experience |
Board Governance
- Committee assignments: Finance & Investment; Nominating & Governance (not a chair) .
- Independence: All directors except the CEO are independent; Nominating & Governance and Compensation Committees composed solely of independent directors .
- Attendance: Board met 6 times in 2024; each director attended at least 90% of aggregate Board and committee meetings during their service period .
- Executive sessions: Regular executive sessions of non-management directors; Non-Executive Chairman presides (Thomas J. Folliard) .
- Time commitments policy: Directors limited to ≤4 public boards; Board annually assesses outside commitments—current nominees compliant .
| Committee | 2024 Meetings | Powers Member? | Chair? |
|---|---|---|---|
| Audit | 8 | No | No |
| Compensation & Management Development | 4 | No (was Chair part-year before May 2024) | Chair role pro-rated in 2024 |
| Nominating & Governance | 7 | Yes | No |
| Finance & Investment | 6 | Yes | No |
Committee refresh effective May 2024: Powers joined Finance & Investment; Chair of Compensation moved to Ms. Grisé (implying Powers’ prior partial-year Comp Chair service) .
Fixed Compensation (Director)
| Year | Cash Fees ($) | Equity Awards ($) | Nonqualified Deferred Comp Earnings ($) | Total ($) |
|---|---|---|---|---|
| 2024 | 103,654 | 180,075 (1,528 shares annual grant on May 6, 2024) | 648 | 284,377 |
- Program details: Annual Board cash retainer $95,000; Committee Chair retainer $25,000 (N/G, Comp, Finance) and $30,000 (Audit) .
- Powers’ 2024 fees were pro-rated reflecting partial-year service as Compensation Committee Chair; equity award valued per FASB ASC 718 .
Performance Compensation
- No director performance-based incentives disclosed (no options or PSUs for non-employee directors as of 12/31/2024) .
Other Directorships & Interlocks
| External Entity | Relationship to PHM | Interlock/Transactions |
|---|---|---|
| Sun Life Financial; ADP | External public boards | No related-party transactions disclosed involving Powers since Jan 1, 2024 . |
Expertise & Qualifications
- Financial expertise, risk and crisis management; governance experience via chairing ADP’s Compensation Committee and serving on governance committees .
- Public company leadership and board experience; strategic risk management skills matrix inclusion (Board competencies list) .
Equity Ownership
| Ownership Metric | 2024-12-31 | 2025-03-06 |
|---|---|---|
| Beneficially owned shares | Not separately stated for Powers at 12/31; see DSUs below | 35,181 shares; <1% of outstanding |
| Deferred Share Units (fully vested) | 9,711 DSUs | 8,183 DSUs included in beneficial ownership |
| Options (exercisable within 60 days) | None held by non-employee directors as of 12/31/2024 | Not listed for Powers; table shows no options for directors; <1% ownership |
- Anti-hedging and anti-pledging: Directors prohibited from hedging or pledging Company securities under insider trading policy .
- Ownership guidelines: Company highlights meaningful share ownership guidelines for directors (specific multiples not disclosed) .
Governance Assessment
- Strengths: Independent director with deep compensation/governance acumen; serves on Finance & Investment and Nominating & Governance; strong attendance record; anti-hedging/pledging policy enhances alignment; DSU deferrals support long-term orientation .
- Potential Conflicts: Multiple outside boards (Sun Life, ADP) within PHM’s time-commitment limits; no related-party transactions involving Powers disclosed—low conflict risk .
- Compensation Mix: Balanced cash retainer plus equity grant; no performance-based director pay; 2024 program unchanged year-over-year—stable governance signal .
- RED FLAGS: None disclosed regarding related-party transactions, hedging/pledging, attendance shortfalls, or option repricing .