Ilya Golubovich
About Ilya Golubovich
Independent director of ServiceTitan, Inc. (TTAN); age 39; director since June 2007. Currently Chief Business Officer at A2VE Capital Advisors Ltd. (since April 2023) and formerly founding/managing partner of I2BF Global Ventures (2007–April 2023). BS in Management Science & Engineering from Stanford University. Independence affirmed by the board under Nasdaq rules.
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| ServiceTitan, Inc. | Director (Class III) | 2007–present | Audit Committee member |
| A2VE Capital Advisors Ltd. | Chief Business Officer | Apr 2023–present | Investment/business advisory leadership |
| I2BF Global Ventures | Founding & Managing Partner | Jun 2007–Apr 2023 | Venture capital leadership |
External Roles
| Company | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Presto Automation Inc. (public) | Director | Apr 2017–Feb 2024 | Board oversight at public restaurant tech provider |
| Maxwell Technologies, Inc. (public; acquired by Tesla) | Director | May 2017–May 2019 | Board role through sale process |
| Various private companies | Director | Ongoing | Serves on several private company boards |
Board Governance
- Committee assignments: Audit Committee member (with Tim Cabral, Chair, and Michael Brown). Audit Committee met 8 times in FY2025 and oversees financial reporting, cybersecurity, related-party transactions, and auditor pre-approvals. Golubovich meets audit independence and financial literacy requirements.
- Independence: Board determined all directors except CEO Ara Mahdessian and President Vahe Kuzoyan are independent; Audit and Compensation Committee members meet enhanced independence standards.
- Attendance: In FY2025, the board held 6 meetings; all directors attended at least 75% of board/committee meetings except William Hsu (Golubovich met at least 75%).
- Lead Independent Director: Tim Cabral; presides over executive sessions, sets agendas, acts as liaison with the CEO.
- Cybersecurity oversight is delegated to the Audit Committee, receiving periodic briefings from the CISO/CTO.
| Engagement Metric | FY2025 Value |
|---|---|
| Board meetings held | 6 |
| Audit Committee meetings held | 8 |
| Compensation Committee meetings held | 4 |
| Nominating & Governance Committee meetings held | 0 (formed Dec 2024) |
| Director attendance threshold met | ≥75% for Golubovich (exception: Hsu) |
Fixed Compensation
| Fiscal Year | Fees earned or paid in cash ($) | Stock awards ($) | Option awards ($) | Total ($) |
|---|---|---|---|---|
| FY2025 | 6,236 | — | — | 6,236 |
Director Compensation Program cash retainer rates (effective post-IPO):
- Board retainer: $35,000; Non-executive Chair retainer: +$35,000; Lead Independent Director retainer: +$20,000.
- Audit Committee: Chair $20,000; Member $10,000.
- Compensation Committee: Chair $15,000; Member $7,500.
- Nominating & Governance Committee: Chair $8,000; Member $4,000.
| Role | Annual Cash Retainer ($) |
|---|---|
| Non-employee director | 35,000 |
| Lead Independent Director (additional) | 20,000 |
| Audit Chair / Member | 20,000 / 10,000 |
| Compensation Chair / Member | 15,000 / 7,500 |
| Nominating Chair / Member | 8,000 / 4,000 |
Performance Compensation
- Equity program: Initial RSU grant valued at $400,000 for newly appointed/elected non-employee directors; vests in substantially equal quarterly installments over 4 years. Annual RSU grant valued at $200,000 at each annual meeting; fully vests approximately one year after grant. Vesting is service-based (no performance metrics tied to director equity awards).
| Grant Type | Grant Value ($) | Vesting Schedule | Vesting Dates |
|---|---|---|---|
| Initial RSUs | 400,000 | Quarterly over 4 years (service-based) | First of Mar 15/Jun 15/Sep 15/Dec 15 following grant |
| Annual RSUs | 200,000 | Full vest ~1 year after grant (service-based) | First of Mar 15/Jun 15/Sep 15/Dec 15 after 1-year anniversary |
No director performance metrics (e.g., TSR/financial goals) disclosed for director equity awards; vesting is time-based.
Other Directorships & Interlocks
| Relationship | Details |
|---|---|
| Current public boards | None disclosed for Golubovich; prior roles at Presto Automation and Maxwell Technologies. |
| Related-party transactions | No transactions disclosed involving Golubovich. Audit Committee reviews related-party transactions; FY2025 transactions included Dialpad-ICONIQ relationship (not involving Golubovich). |
Expertise & Qualifications
- Venture capital and technology industry experience; served as founding/managing partner (I2BF) and current CBO (A2VE).
- Financial literacy and sophistication for audit committee service; independence per Nasdaq.
- Stanford engineering/management education.
Equity Ownership
| Holder | Class A shares | Class A % | Class B shares | Class B % | % of total voting power |
|---|---|---|---|---|---|
| Ilya Golubovich | — | <1%* | — | <1%* | <1%* |
*Represents beneficial ownership of less than 1% per company footnote; no specific share count reported for Golubovich. Anti-hedging and anti-pledging policy applies to directors.
Governance Assessment
-
Positives:
- Independent director with audit committee service; committee oversees financial reporting, related-party transactions, and cybersecurity—key for investor confidence.
- Board-level insider trading policy prohibits hedging/pledging and margining; strong alignment safeguards.
- Attendance: met at least 75% threshold in FY2025; audit committee met frequently (8x), indicating robust oversight cadence.
-
Watch items:
- Very long board tenure (since 2007) may raise independence/perception concerns despite Nasdaq independence designation.
- Low apparent “skin-in-the-game”: no reported beneficial ownership and no FY2025 stock awards; equity alignment may depend on future director RSU grants under the post-IPO program.
- Staggered board structure can reduce shareholder influence over board composition; relevant to governance dynamics generally.
-
RED FLAGS:
- None disclosed specific to Golubovich regarding conflicts, related-party exposure, hedging/pledging, or attendance shortfalls.
-
Compensation committee interlocks: None requiring disclosure for Golubovich; one interlock noted for William Griffith, not involving Golubovich.