Felica Coney
Director at SSD
Board
About Felica Coney
Felica Coney is an independent director of Simpson Manufacturing Co., Inc. (SSD), age 54, serving since 2023. She is Vice President, Global Server Operations at Google, Inc. (since May 2023), with prior roles as VP, Server Operations, Americas (2021–2023), VP, Walmart Supply Chain (2019–2021), and multiple VP Operations roles at Collins Aerospace (2017–2019). Her board service emphasizes operations, supply chain, and EHS expertise across technology and industrial contexts; she is affirmatively determined independent by the Board.
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Google, Inc. | Vice President, Global Server Operations | May 2023–present | Global infrastructure operations leadership (technology and cloud ops) |
| Google, Inc. | Vice President, Server Operations, Americas | 2021–2023 | Regional server ops oversight |
| Walmart Inc. | Vice President, Supply Chain, Southeast Division | 2019–2021 | Retail supply chain operations |
| Collins Aerospace | Vice President of Operations (multiple roles) | 2017–2019 | Aerospace manufacturing operations |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| North Carolina A&T Engineering Advisory Board | Member | Not disclosed | Academic advisory engagement |
| Albert Lepage Center for DEI | Member | Not disclosed | DEI advisory engagement |
Board Governance
- Independence: The Board affirmatively determined Coney is independent (NYSE standards; categorical independence).
- Committee assignments and chair roles:
- Current (2024–early 2025): Audit & Finance; Corporate Strategy & Acquisitions; Audit & Finance chaired by James Andrasick; Corporate Strategy & Acquisitions chaired by Kenneth Knight.
- Effective after Annual Meeting (May 6, 2025, subject to re-election): Corporate Strategy & Acquisitions and Nominating & CSR.
- Attendance: Board held 6 meetings and committees held 33 meetings in 2024; each director attended at least 82% of aggregate Board+committee meetings except Philip Donaldson (71%); average attendance 91%; 100% attended the 2024 Annual Meeting.
- Executive sessions: Independent directors met regularly in executive session.
- ESG oversight: Nominating & CSR Committee provides Board-level ESG oversight; Audit & Finance and Compensation & Leadership Development oversee ESG aspects in their subject areas.
- Hedging/pledging: Directors prohibited from hedging or pledging company stock; policy applies to all employees and directors.
| Committee Membership (Coney) | Through May 6, 2025 | Effective May 6, 2025 |
|---|---|---|
| Corporate Strategy & Acquisitions | Member | Member |
| Audit & Finance | Member | — |
| Nominating & CSR | — | Member |
Fixed Compensation
| Component (2024) | Amount | Detail |
|---|---|---|
| Fees Earned or Paid in Cash | $92,000 | Program rates: Board retainer $75,000; committee member fees: Audit $10,000; Comp $10,000; Nominating & CSR $10,000; Corporate Strategy & Acquisitions $7,000; committee chair retainers $10,000; Chair of Board additional $66,500. |
| Stock Awards (vested shares) | $111,637 | Annual director equity grant of vested shares (approx. $125,000 program target; chair additional ~$38,500) valued at $173.89 per share (NYSE close on April 30, 2024). |
| Total | $203,637 |
As of December 31, 2024, nonemployee directors held no unvested stock awards or outstanding option awards.
Performance Compensation
- No performance-conditioned director compensation metrics (director equity grants are time-vested vested-share grants; no PSUs/options for directors disclosed).
Other Directorships & Interlocks
| Category | Detail |
|---|---|
| Current public company boards | None. |
| Prior public company boards | Not disclosed for Coney. |
| Interlocks/conflicts | No related-party transactions required to be disclosed; Board reviews related-party transactions via policy and none material were reported. |
Expertise & Qualifications
- Operations and supply chain leadership across technology, aerospace, and consumer sectors; environmental, health and safety experience.
- Board skills matrix reflects technology expertise, innovation/business transformation, manufacturing, supply chain/logistics among director nominees.
- Audit & Finance Committee membership; audit committee financial experts designated are Andrasick, Donaldson, and Drake (Coney is not designated as an audit committee financial expert).
Equity Ownership
| Holder | Shares Beneficially Owned | Notes |
|---|---|---|
| Felica Coney | 1,558 | Each individual director owns <1% of outstanding shares; group of directors/executives holds ~0.39%. |
| Pledged/Hedged | Not permitted | Company policy prohibits hedging and pledging by directors and employees; no exceptions disclosed. |
| Unvested/Options | None | As of 12/31/2024, nonemployee directors held no unvested stock awards or outstanding options. |
Governance Assessment
- Strengths: Independent status; active committee roles (Audit & Finance; Corporate Strategy & Acquisitions; moving to Nominating & CSR, enhancing ESG oversight); ≥82% attendance and strong overall Board/committee attendance (91% average); anti-hedging/anti-pledging policy; transparent director compensation with modest cash fees and equity retainer aligned to shareholder value.
- Alignment: Beneficial ownership demonstrates “skin-in-the-game” albeit small in absolute terms; director stock grants are in shares, not options; ownership guidelines for nonemployee directors are monitored by Nominating & CSR.
- Risks/Red Flags: No related-party transactions disclosed; no hedging/pledging permitted; no legal proceeding issues noted for Coney. Overall, no director-specific red flags identified.
- Signals affecting investor confidence: Board refresh with skill mix (technology/supply chain); strong say-on-pay support (over 99.5% approval) indicates shareholder alignment with governance and compensation practices; movement to Nominating & CSR suggests continued emphasis on ESG risk oversight.