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Ofelia Kumpf

Director at ULCC
Board

About Ofelia Kumpf

Independent Class III director of Frontier Group Holdings (ULCC) since July 2021; age 55. Vice President, U.S. Franchise Operations at Carl’s Jr. Restaurants LLC since December 2024, following a 30-year operating career at McDonald’s USA (regional GM and field VP roles). Education: B.S., University of Phoenix; MBA, USC Marshall School of Business. Core credentials: large-scale operations, field leadership, franchise management in foodservice, board governance experience at non-profits .

Past Roles

OrganizationRoleTenureCommittees/Impact
McDonald’s USA, LLCField Vice President, Long Beach Field OfficeJul 2018 – Aug 2022Led multi-market operations and performance; prior roles included VP/GM Southern California region (Jan 2013 – Jun 2018) and other leadership posts since 1992 .
McDonald’s USA, LLCVP & GM, Southern CaliforniaJan 2013 – Jun 2018P&L accountability and operational KPIs across a major region .
McDonald’s USA, LLCVarious leadership roles1992 – 2012Progressive operating roles in field and regional management .

External Roles

OrganizationRoleTenureNotes
Carl’s Jr. Restaurants LLC (CKE)VP, U.S. Franchise OperationsDec 2024 – presentQSR franchise operations leadership .
Southern California Public RadioBoard of TrusteesNov 2020 – presentNon-profit governance .
Ronald McDonald House (Westside Los Angeles)Board of TrusteesPrior serviceNon-profit governance (prior) .
Ronald McDonald House Charities of Southern CaliforniaBoard of TrusteesPrior serviceNon-profit governance (prior) .

Board Governance

  • Independence: Determined independent under Nasdaq rules; Board concluded no relationships impair independent judgment .
  • Board leadership and structure: Classified board; Mr. Genise is Lead Independent Director; independent directors meet in executive sessions .
  • Committee assignments:
    • Nominating & Corporate Governance Committee: Chair (4 meetings in 2024) .
    • Compensation Committee: Member (5 meetings in 2024); Willis Towers Watson advises the committee; no interlocks or insider participation noted .
  • Attendance: Board met six times in 2024; each director attended at least 75% of aggregate Board and committee meetings .

Fixed Compensation

ComponentAmountNotes
Annual Cash Retainer$100,000Standard non-employee director cash fee .
Committee Chair Fee (Nominating & Corporate Governance)Policy: $20,000Company policy grants $20k to the chair; the 2024 cash fees reported for Ms. Kumpf totaled $100,000 (no additional cash shown in table) .
Travel Benefits (UATP)$5,500Annual travel bank for personal Frontier flights; life eligibility if ≥5 years’ board service .
  • 2024 Director Compensation (reported): Fees earned $100,000; Stock awards $140,000; Total $240,000 .

Performance Compensation

Equity AwardGrant DateRSUs (#)Grant-Date Fair ValueVesting
Annual RSUsMay 25, 202424,955$140,000Vest in full May 15, 2025 (subject to continued service) .
RSUs outstanding at 12/31/202424,955No other director equity awards outstanding beyond RSUs .
  • Structure: Director equity is time-based RSUs; no performance conditions or metrics disclosed for directors .

Other Directorships & Interlocks

CompanyRoleCommittee RolesInterlocks/Conflicts
Public company boardsNone disclosed
Compensation Committee interlocksMember at ULCCNo interlocks or insider participation disclosed .

Expertise & Qualifications

  • Operations and franchise leadership across complex, multi-unit consumer service networks (McDonald’s; Carl’s Jr.) .
  • Board governance experience in non-profit sector; stakeholder engagement .
  • Brings discipline in operational KPIs and customer experience to board oversight; relevant to ULCC cost/efficiency focus .

Equity Ownership

HoldingAmountPercent of OutstandingNotes
Common shares beneficially owned39,224<1%As of March 14, 2025; based on 227,658,883 shares outstanding .
Unvested RSUs24,955As of Dec 31, 2024 .
Ownership guidelines$350,000 valueCompliance by later of Apr 1, 2026 or five years from electionIncludes RSUs and deferred stock units; options excluded .
Hedging/PledgingHedging prohibitedInsider Trading Compliance Policy prohibits hedging transactions; pledging not specifically addressed here .

Governance Assessment

  • Effectiveness: Ms. Kumpf enhances board independence and operational rigor; as Chair of Nominating & Corporate Governance, she influences director selection, board evaluations, and ESG oversight—a pivotal governance role following ULCC’s loss of controlled company status in 2024 .

  • Alignment: Time-based RSUs plus ownership guidelines support long-term alignment; current reported beneficial ownership is small relative to outstanding shares (<1%), but guidelines permit inclusion of RSUs toward the $350,000 threshold by the required compliance date .

  • Engagement: Committee activity was consistent (Nominating met 4x; Compensation 5x), and directors met attendance expectations (≥75%) .

  • Conflicts: No related-party transactions involving Ms. Kumpf disclosed; current external employment in QSR (CKE) appears unrelated to ULCC’s suppliers/customers. Compensation Committee interlocks are explicitly absent .

  • Signals: Standard director pay mix (cash + RSUs) and modest travel perks are typical for airlines; no discretionary or unusual director pay actions reported. Broader governance enhancements (charter amendments for officer exculpation; end of controlled company status) increase emphasis on independent oversight, reinforcing the importance of Kumpf’s committee leadership .

  • RED FLAGS: None identified specific to Ms. Kumpf—no attendance shortfalls, related-party dealings, hedging/pledging flags, or compensation anomalies disclosed .

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Best AI for Equity Research

Performance on expert-authored financial analysis tasks

Fintool-v490%
Claude Sonnet 4.555.3%
o348.3%
GPT 546.9%
Grok 440.3%
Qwen 3 Max32.7%