Charles H. Chiesa
About Charles H. Chiesa
Charles H. Chiesa is Treasurer and Chief Accounting Officer (Principal Accounting Officer) and Principal Financial Officer of Tri-Continental Corporation (TY), appointed in 2024. He is based at 290 Congress Street, Boston, and was born in 1978. His recent background includes serving as Vice President, Head of Accounting and Tax within Global Operations & Investor Services at Columbia Management Investment Advisers, LLC (CMIA) since May 2024; prior roles include Senior Manager at KPMG (Oct 2022–May 2024) and Director–Business Analyst at CMIA (Dec 2013–Oct 2022) . The TY proxy does not disclose education or fund-specific performance metrics for officers; officer compensation is not paid by the Corporation (TY) and therefore detailed pay-for-performance linkages are not provided in TY’s filings .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Columbia Management Investment Advisers, LLC | Vice President, Head of Accounting & Tax, Global Operations & Investor Services | Since May 2024 | Leads accounting and tax across operations; positioned as CMIA senior officer supporting Columbia Funds and affiliates . |
| KPMG | Senior Manager | Oct 2022 – May 2024 | Senior leadership in audit/consulting capacity; relevant to financial reporting rigor . |
| Columbia Management Investment Advisers, LLC | Director – Business Analyst | Dec 2013 – Oct 2022 | Long-tenured operational and analytical leadership within CMIA, supporting Columbia funds complex . |
External Roles
| Organization | Role | Years | Notes |
|---|---|---|---|
| None disclosed in TY proxy | — | — | TY filings list CMIA roles and prior KPMG tenure; no external public company directorships disclosed for Chiesa . |
Fixed Compensation
- Officer compensation is not paid by Tri-Continental Corporation; officers who are employees of the Manager (CMIA) or its affiliates receive no compensation from TY (the fund pays a portion of compensation only for the CCO; not applicable to Chiesa). As a result, base salary, bonus, and equity award details for Chiesa are not disclosed in TY’s proxy .
Performance Compensation
- Performance metrics tied to Chiesa’s compensation (e.g., revenue/EBITDA growth, TSR, ESG goals), vesting schedules, and payouts are not disclosed in TY’s proxy because officer compensation is paid by CMIA and not by TY .
Equity Ownership & Alignment
| Item | Detail |
|---|---|
| Officer-specific beneficial ownership | Not individually disclosed in TY proxy . |
| Directors and officers (group) | As of Dec 31, 2024 and Dec 31, 2023, Directors and officers as a group beneficially owned less than 1% of TY common stock; none of the group owned preferred stock . |
| Pledging/hedging | No pledging or hedging by officers disclosed in TY proxy . |
| Ownership guidelines | TY proxy discloses director deferred compensation arrangements; officer stock ownership guidelines are not discussed for fund officers paid by CMIA . |
Employment Terms
- Appointment and tenure: Treasurer and Chief Accounting Officer (Principal Accounting Officer) (2024); Principal Financial Officer (2024) .
- Employer: CMIA (Ameriprise Financial affiliate); service as a “senior officer of Columbia Funds and affiliated funds” is noted for CMIA leadership generally, but Chiesa’s specific officer contract terms (term length, severance, change-in-control, non-compete/non-solicit) are not disclosed in TY filings .
- Governance context: TY’s Board committees (e.g., Audit Committee) operate under formal charters and meet regularly (Audit Committee held 6 meetings in FY2024), but this pertains to board oversight—not officer employment contracts .
Investment Implications
- Alignment and transparency: Because TY does not pay or disclose compensation for CMIA-employed officers, investors lack visibility into Chiesa’s pay structure, performance metrics, vesting schedules, or severance protections—limiting analysis of pay-for-performance alignment and potential insider selling pressure at the fund level .
- Ownership signal: With aggregate director/officer ownership below 1% and no officer-specific holdings disclosed, “skin-in-the-game” signals are muted; no pledging red flags are indicated in TY proxy .
- Execution risk: Chiesa’s extensive CMIA tenure and recent elevation to VP Head of Accounting & Tax, coupled with prior KPMG experience, suggest strong technical credentials in financial reporting and controls. However, retention risk and incentive alignment are determined by CMIA, not TY, and are not disclosed in fund filings—reducing the ability to assess compensation levers as trading signals within TY .