Jean-Pierre Clamadieu
TE ConnectivityAbout Jean‑Pierre Clamadieu
Jean‑Pierre Clamadieu (age 66) is an independent director of TE Connectivity plc (TEL), serving since 2023. He is Chairman of ENGIE S.A., former CEO and Chairman of the Executive Committee at Solvay S.A., and previously Chairman & CEO of Rhodia SA; he graduated from École Nationale Supérieure des Mines de Paris and is Chief Engineer of the Corps of Mines . At TEL, he serves on the Nominating, Governance & Compliance (NGCC) Committee and the Joint Committee on Cybersecurity; the Board has determined he is independent under NYSE and TEL standards .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Solvay S.A. | Chief Executive Officer; Chairman of the Executive Committee | 2011–2019 | Led global chemicals group through growth and integration of Rhodia |
| Rhodia SA | Chairman & Chief Executive Officer | 2008–2011 | Turnaround leadership; later acquired by Solvay |
| Rhône‑Poulenc | Various management positions | Starting 1993 | Operational leadership in chemicals/polymers |
| French Public Service | Various positions | 1981–1993 | Public policy and regulatory experience |
External Roles
| Organization | Role | Status/Term | Notes |
|---|---|---|---|
| ENGIE S.A. | Chairman of the Board | Appointed 2018; re‑elected 2022 for 4 years | Global utilities (power/gas) |
| Airbus SE | Director | Current | Aerospace |
| AXA SA | Director | Within past five years | Financial services |
Board Governance
- Independence: The Board determined Clamadieu is independent; 10 of 12 nominees are independent .
- TEL Committees: Member of NGCC and Joint Committee on Cybersecurity .
- Committee scopes:
- NGCC oversees director nominations, governance principles, annual self‑evaluations, director compensation review, ESG oversight, compliance, related person transactions policy, and director time‑commitment limits (≤5 public boards) .
- Cybersecurity Committee reviews IT/security risk, controls, incident updates, assessments and insurance; all members independent .
- Attendance: Board held eight meetings in FY2024; all incumbent directors attended >75% of Board/committee meetings; all eleven then‑serving directors attended the 2024 AGM .
- Risk oversight: Board and committees oversee financial reporting, compensation risk, ESG and compliance risk; Audit reviews financial/IT/privacy risks; MDCC reviews comp structure, clawbacks, succession; NGCC reviews ESG/compliance .
- Say‑on‑Pay context: FY2024 say‑on‑pay approval ~93% (supportive governance climate) .
Fixed Compensation (Director)
| Item | FY2024 Amount |
|---|---|
| Annual cash retainer | $100,000 |
| Equity grant (shares) | 1,525 shares on Dec 12, 2023 (20‑day avg used to size: $131.10; grant date close $135.50) |
| Stock award grant‑date fair value | $206,638 |
| Total FY2024 director compensation | $306,638 |
Additional notes:
- Standard fee structure effective Oct 2023: $100,000 cash retainer; $200,000 equity component; incremental cash fees only for chairs and audit members (Clamadieu is not a chair) .
- TEL matches certain director charitable gifts up to $10,000 (applies to some directors; none listed for Clamadieu) .
Performance Compensation (Director)
| Component | Metrics/Terms |
|---|---|
| Director equity | Non‑employee directors receive annual share grants; no performance vesting metrics disclosed |
Other Directorships & Interlocks
| Company | Sector | Role | Potential Interlock/Conflict Notes |
|---|---|---|---|
| ENGIE S.A. | Utilities | Chairman | No TEL related‑party transactions requiring disclosure in FY2024 |
| Airbus SE | Aerospace | Director | TEL operates in aerospace and data centers broadly; no related‑party transactions disclosed |
| AXA SA | Financials | Former Director | Prior 5‑year role; no current TEL related‑party transactions disclosed |
- Director time‑commitment limit: NGCC requires ≤5 public company boards including TEL; annual review of compliance .
Expertise & Qualifications
- Global CEO experience (Solvay; Rhodia); executive leadership; global business management; mergers & acquisitions; global public policy exposure (French Corps des Mines) .
- TEL Skills Matrix flags Public Company CEO, Executive Leadership, Global Public Policy, Global Business Management, M&A for Clamadieu .
Equity Ownership
| Metric | Value |
|---|---|
| Shares beneficially owned (Jan 13, 2025) | 3,763 |
| Shares outstanding (Jan 13, 2025) | 298,472,685 |
| Ownership as % of outstanding | ~0.0013% (3,763 / 298,472,685) |
| Director stock ownership guideline | ≥5x annual cash retainer ($500,000) within 5 years |
| Compliance status | On track to meeting guideline (along with Prof. Lin) |
| Hedging/Pledging | Prohibited by TEL insider trading policy |
Governance Assessment
- Board effectiveness: Strong independence, active committee oversight (Cyber, NGCC), and documented risk oversight practices support investor confidence .
- Engagement: Attendance >75% and AGM participation indicate solid engagement; director ownership guidelines and annual share grants align interests .
- Conflicts/related‑party: No related person transactions requiring disclosure in FY2024; NGCC reviews and enforces related‑party policies; hedging/pledging prohibited—a positive alignment signal .
- Compensation alignment: Director pay mix is standard market practice (cash retainer + equity), with no performance‑linked director awards; equity grants reinforce alignment without encouraging short‑term risk .
- RED FLAGS: None disclosed specific to Clamadieu. Monitoring points include multiple external chair/director roles; however, TEL’s NGCC enforces time‑commitment limits and independence standards, and no interlocks or related‑party transactions are disclosed .