Mary McDowell
About Mary McDowell
Mary McDowell (age 60) is the independent Chairperson of the Board of TechTarget (Informa TechTarget) and chairs the Nominating & Corporate Governance Committee. She has 30+ years of technology operating experience, including CEO roles at Mitel Networks and Polycom, senior leadership at Nokia, and earlier roles at Compaq and Hewlett-Packard; she holds a B.S. in Computer Science from the University of Illinois Grainger College of Engineering . She became independent Chair on December 2, 2024, and is classified by TTGT’s Board as an independent director under Nasdaq standards .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Mitel Networks | President & CEO; later Chair of the Board | CEO Oct 2019–Jan 2021; Chair Jan 2021–Dec 2022 | Led global communications company through strategic shift . |
| Polycom | CEO and Director | Prior to Mitel (dates not specified) | Led strategic transformation culminating in sale to Plantronics . |
| Siris Capital | Executive Partner | Prior to Polycom | Private equity operating expertise . |
| Nokia | Executive Vice President | Prior to Siris | Led large global devices/software businesses . |
| Compaq/Hewlett-Packard | Senior positions | Early career | Enterprise hardware/operations leadership . |
| Informa plc | Non-Executive Director; Senior Independent Director | Prior to TTGT role | Public board and governance experience . |
External Roles
| Company | Role | Committees/Notes | Evidence |
|---|---|---|---|
| Arrow Electronics (NYSE: ARW) | Independent Director (since 2023) | Member: Audit; Compensation | SEC DEF 14A shows “Independent Director” and committee memberships (M) for Audit and Compensation . |
| Zebra Technologies (NASDAQ: ZBRA) | Independent Director (effective Jul 25, 2025) | Member: Audit Committee | Zebra press release announcing appointment and Audit Committee role . |
| Autodesk (NASDAQ: ADSK) | Independent Director (2010–2025); Chair, Compensation & HR Committee through May 2, 2025 | Not seeking re-election at 2025 AGM | Autodesk press release/8-K and 2025 proxy noting step-down and CHRC chair service . |
Board Governance
- Roles and independence: McDowell serves as independent Chair and Chair of the Nominating & Corporate Governance Committee; TTGT’s Board affirms her independence under Nasdaq rules .
- Committee assignments (TTGT):
- Nominating & Corporate Governance: Chair (Independent)
- Audit: Not a member
- Compensation: Not a member .
- Attendance: In 2024, each director attended at least 75% of Board and applicable committee meetings; Former TechTarget’s board held 8 meetings and the new TTGT board held 1 meeting in 2024 .
- Leadership structure and duties: As Chair, McDowell sets Board agendas, presides over meetings and independent director executive sessions, oversees potential conflicts, serves as principal liaison with management, and manages stakeholder communications to the Board .
- Controlled Company framework: Informa beneficially owns ~58% of shares and TTGT avails itself of Nasdaq “Controlled Company” exemptions; the Compensation Committee includes two Informa executives (Ashford, Carter) alongside independents (Chair Flaschen; Van Houten), which is permitted but heightens governance risk; an independent-only Related Party Transactions Committee (RPT Committee) must approve material related-party matters per the Stockholders Agreement .
- Related-party oversight: Multiple intercompany agreements (e.g., Transition Services, Data Sharing, Registration Rights, Tax Matters) with Informa were executed at closing and require RPT Committee oversight; services incurred totaled ~$1.4M by 12/31/24 under the TSA .
- Policies: Hedging/pledging of stock is broadly prohibited; limited exceptions for pledging require approval . A Nasdaq-compliant clawback policy was adopted in December 2024; the Compensation Committee found no recoupment was required after restatements related to Informa Tech Digital Businesses .
Fixed Compensation
| Component | 2024 Value/Terms | Notes |
|---|---|---|
| Chair cash retainer | $100,000 annual; 50% paid Dec 2024, remaining 50% payable Aug 2025 | Approved under 2025 NED Plan . |
| Chair equity grant | 7,569 RSUs (granted Dec 2024; vests 100% on first anniversary) | Annual equity award for Chair . |
| 2024 reported director comp (McDowell) | Cash: $50,000; Stock awards: $150,018; Total: $200,018 | Fiscal 2024 director compensation table . |
| Standard director fees (non-Chair) | Base retainer $20,000; Board meeting fee $1,500; Committee meeting fee $1,000 | Applies to other non-employee directors; continues in 2025 . |
| Committee retainers | Audit member $5,000; Compensation member $2,500; Nominating member $2,500; Chair adders: Audit $10,000; Compensation $5,000; Nominating $5,000 | As per NED Plan . |
| 2025 option grants (non-Chair) | 5,000 options at fair market value; vest/exercisable at first anniversary | For non-employee directors, excluding Chair . |
Citations: .
Performance Compensation
| Item | Detail |
|---|---|
| Performance-vested director pay | None disclosed; director equity is time-based (RSUs for Chair; options for non-Chair) under NED Plan . |
Other Directorships & Interlocks
- Current public boards: Arrow Electronics (Audit; Compensation member) ; Zebra Technologies (Audit Committee) .
- Former: Autodesk (2010–2025; Chair of Compensation & HR Committee through May 2, 2025; not standing for re-election) .
- Compensation committee interlocks: TTGT discloses no compensation committee interlocks in 2024 (committee members were not TTGT employees and no cross-company interlocks existed) .
Expertise & Qualifications
- Deep operating experience in global technology, enterprise communications, and device/software businesses; board leadership including independent chair roles .
- Governance experience as Senior Independent Director at Informa plc .
- Technical education (Computer Science, UIUC), relevant to TTGT’s data/marketing technology domain .
Equity Ownership
| Measure | Amount | Notes |
|---|---|---|
| Common shares beneficially owned (as of May 30, 2025) | 0 shares; <1% | TTGT beneficial ownership table shows “—” for McDowell . |
| Unvested RSUs outstanding (12/31/2024) | 7,569 RSUs | Chair RSUs granted Dec 2024; vests at first anniversary . |
| Hedging/Pledging | Prohibited (limited pledge exceptions) | Insider Trading Policy . |
| Most recent insider filing | Form 3 filed Dec 3, 2024 (initial statement; no common shares reported at that time) | SEC link from insider-trades tool . |
Insider Trades (Form 3/4/5)
| Filing Date | Transaction Date | Form | Insider | Security | Qty | Post-Transaction Ownership | Source |
|---|---|---|---|---|---|---|---|
| 2024-12-03 | 2024-12-02 | Form 3 | MCDOWELL MARY T | — | — | 0 common shares reported | Insider-trades tool; SEC filing link . |
Note: No open-market purchases or sales for McDowell were returned by the insider-trades query through Nov 20, 2025 (search window 2024-12-01 to 2025-11-20).
Governance Assessment
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Strengths
- Independent Chair with explicit responsibilities to set agendas, lead executive sessions, and oversee conflicts—enhancing board effectiveness under a controlled company framework .
- Independence confirmed; McDowell chairs the Nominating & Corporate Governance Committee comprised solely of independent directors .
- Robust policies: hedging/pledging restrictions; clawback policy adopted per Nasdaq 5608; related-party transactions overseen by a largely independent RPT Committee .
- Attendance: Directors (including McDowell) met at least 75% attendance in 2024 .
-
Watch items / potential red flags
- Controlled Company risks: Informa controls ~58% of shares with consent rights over major actions; Compensation Committee includes two Informa executives, reducing perceived independence of pay decisions, though permitted by Nasdaq exemptions .
- Ownership alignment: As of the record date, McDowell reported no beneficially owned common shares; while she holds time-based RSUs, near-term “skin-in-the-game” appears limited—an optics issue for an independent chair .
- Related-party exposure: Multiple intercompany agreements (TSA, Data Sharing, Tax Matters) with Informa necessitate vigilant independent oversight; RPT Committee structure mitigates but execution is key .
- Multi-board load: Concurrent service at Arrow (Audit/Comp), Zebra (Audit), and until mid-2025 at Autodesk (CHRC chair) may raise time-commitment questions; however, she stepped down from Autodesk in 2025 .
-
Compensation context
- Director pay mix skews to modest cash plus time-based equity (Chair: $100k cash; 7,569 RSUs in 2024), with no performance-vested director equity disclosed—common but offers limited direct linkage to performance for directors .
Overall implication: McDowell brings strong operating and governance credentials and provides independent board leadership in a controlled company. Key monitoring areas for investors include the independence and rigor of compensation and related-party oversight under Informa’s control, and progress toward greater personal share ownership by the independent Chair to bolster alignment.