Leroy Williams Jr
MOLSON COORS BEVERAGEAbout Leroy J. Williams, Jr.
Independent Class A director at Molson Coors Beverage Company (TAP), age 60, serving since 2022. CEO and Founder of CyberTekIQ with prior global CIO and public-sector technology leadership spanning cybersecurity, digital strategy, and enterprise transformation. Current TAP committee roles: Audit member, Finance member, and Chair of the Audit Committee’s Technology Subcommittee; the Board determined he is independent in March 2025 . Board-level attendance in 2024 was strong: all directors met at least 75% participation, with aggregate attendance of 94% .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| CyberTekIQ, LLC | Founder and CEO | 2016–Present | Leads cyber, AI, and digital consulting; informs TAP board on technology risk and strategy . |
| Ball Corporation (NYSE: BLL) | Global Chief Information Officer | 2005–2016 | Directed global IT and cybersecurity; large-scale transformation experience . |
| State of Colorado | Secretary of Technology; Statewide CIO; Acting Exec. Director, Dept. of Labor & Employment | 2001–2005 | Government IT oversight; regulatory and public-sector technology leadership . |
| Qwest Communications and affiliates | Roles of increasing responsibility | N/A | Telecom technology operations . |
| Norwest (now Wells Fargo) | Senior Technical Consultant | N/A | Financial services technology . |
| United States Army | Telecommunications Specialist | N/A | Military communications discipline . |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| UMB Financial Corporation (NYSE: UMBF) | Director | 2016–Present | Public company board service; no TAP-related party transactions disclosed . |
| J.E. Dunn Construction Group | Director | N/A | Private company board; no TAP-related party transactions disclosed . |
Board Governance
- Committee assignments: Audit (member), Finance (member), Technology Subcommittee (Chair) .
- Independence: Classified independent under NYSE standards and the company’s charter (March 2025 determination) .
- Committee meeting cadence (2024): Audit 8 meetings; Finance 5; Technology Subcommittee 2 .
- Voting support (2025 Annual Meeting): Class A “For” votes for Williams: 5,103,087; Withheld: 1,768; Broker non-votes: 11,247—indicating broad stockholder support .
Fixed Compensation
| Element (2024) | Amount (USD) | Detail |
|---|---|---|
| Cash retainer | $105,000 | Williams elected 100% cash for 2024; base director retainer . |
| Equity (RSUs) | $165,054 | Annual grant: 2,873 RSUs at $57.45 grant-date fair value; cliff vests May 16, 2027 or upon board retirement; dividend equivalents paid in cash upon vest . |
| Total | $270,054 | Sum of cash retainer and RSU grant fair value . |
| Chair fee context | $15,000 incremental | New incremental cash retainer for Technology Subcommittee Chair effective July 2024 (role-level design); actual 2024 fees show $105,000 for Williams, implying timing/proration vs design schedule . |
Performance Compensation
- Directors at TAP receive time-based RSUs (not PSUs/options) for board service; no performance metrics are tied to director equity awards. RSUs cliff vest on the third anniversary or upon retirement; dividend equivalents accrue and are paid in cash at vesting . | Plan term | Metric | Weight | Mechanics | |---|---|---|---| | Director RSUs | N/A | N/A | Time-based vesting; dividend equivalents paid in cash at vest; settled in Class B shares . |
Other Directorships & Interlocks
| Company | Industry relation to TAP | Potential conflict/interlock notes |
|---|---|---|
| UMB Financial (NYSE: UMBF) | Financial services; not a TAP supplier/customer | No related-party transactions disclosed involving Williams; no industry overlap suggesting conflict . |
| J.E. Dunn Construction | Construction; not a TAP supplier/customer | No related-party transactions disclosed involving Williams . |
Expertise & Qualifications
- Cybersecurity and information security oversight; AI and data analytics governance (Chair, Technology Subcommittee) .
- Digital strategy, e-commerce, and transformation leadership; finance/capital allocation awareness from CIO roles .
- Human capital and enterprise risk management perspectives from public- and private-sector leadership .
Equity Ownership
| Category | Shares/Units | Notes |
|---|---|---|
| Beneficial ownership – Class A | — | None reported . |
| Beneficial ownership – Class B | 2,856 | Includes “Current RSUs” (vesting within 60 days of record date) counted as beneficial ownership per SEC rules . |
| Outstanding RSUs (Dec 31, 2024) | 8,396 | Director RSUs outstanding; no DSUs elected . |
| DSUs | 0 | Retainer election was 100% cash for 2024 . |
| Ownership % | <1% | Denoted “*” for less than 1% of Class B . |
| Hedging/Pledging | Prohibited; no pledges noted | Strict anti-hedging and enhanced anti-pledging policy; no Williams-specific pledges disclosed . |
| Ownership guidelines | 5x annual retainer within 5 years | All directors meet or are on track for compliance; RSUs count toward guideline . |
Governance Assessment
- Strengths: Independent director with deep cybersecurity/technology oversight; chairs Technology Subcommittee formed in 2024, enhancing board risk oversight for cyber/AI/data trends with defined mandate . Board effectiveness bolstered by a third-party assessment in 2024–2025 and regular executive sessions led by an Independent Governance Committee Member .
- Alignment: Annual RSUs and ownership guidelines (5x retainer), plus time-based RSU holdings (8,396 units) and beneficial ownership recognition of current RSUs, support long-term alignment; election to receive cash retainer does not preclude equity alignment given RSU grants .
- Attendance and engagement: Board-wide attendance was strong in 2024; Williams serves on three committees, indicating high engagement and oversight bandwidth .
- Conflicts/Related-party risk: No Williams-specific related-party transactions disclosed; external boards (UMBF, J.E. Dunn) have no noted commercial relationships with TAP; anti-pledging and anti-hedging policies reduce alignment risk .
- Investor confidence signal: High “For” vote at 2025 Annual Meeting for Williams (Class A) suggests broad support among Class A holders .
RED FLAGS: None disclosed for Williams specifically (no pledging, no related-party transactions, no attendance shortfall). Monitor evolving chair fee implementation vs. reported 2024 cash fees for consistency, recognizing pro-rata/timing nuances in 2024 .