Mojgan Lefebvre
UnumAbout Mojgan Lefebvre
Independent director at Unum Group since 2023; age 59 at the 2025 Annual Meeting. She is Executive Vice President and Chief Technology & Operations Officer at Travelers, with prior CIO roles at Liberty Mutual, bioMerieux, and TeleTech, and earlier strategy consulting at Bain. Core credentials: technology/digital transformation, cybersecurity, insurance operations, and risk management; committee service aligns with risk oversight and compliance. Independence affirmed by the Board under NYSE standards; Board average attendance in 2024 exceeded 99%, with each incumbent director at least 94% (Board held executive sessions five times) .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| The Travelers Companies, Inc. | EVP & Chief Technology & Operations Officer | 2019–present | Oversees global technology and operations including cloud, cybersecurity, digital, data/analytics, customer service, billing . |
| The Travelers Companies, Inc. | EVP & CIO, Enterprise Operations & eBusiness | 2018–2019 | Led enterprise technology and eBusiness functions . |
| Liberty Mutual Insurance | SVP & CIO (Commercial Markets, Global Specialty, Global Risk Solutions) | 2010–2018 | Ran technology for major business units in regulated insurance . |
| bioMerieux | CIO | 2007–2010 | Technology leadership in medical devices . |
| TeleTech Holdings | CIO | 2004–2007 | Technology leadership in customer management solutions . |
| Bain & Company | Strategy Consultant | Prior to 2004 | Strategic advisory background . |
External Roles
| Organization | Role | Public Company Board? | Notes |
|---|---|---|---|
| The Travelers Companies, Inc. | EVP & Chief Technology & Operations Officer | No (executive role, not director) | Executive role disclosed; no other public company directorships listed for Lefebvre in UNUM’s proxy . |
Board Governance
- Committees: Risk & Finance; Regulatory Compliance .
- Independence: Determined independent; Board’s policy treats ordinary-course dealings with other businesses as immaterial where <1% of revenues; no contributions to charities exceeding $120k linked to directors .
- Attendance and engagement: Board met 8 times; committee meetings in 2024—Audit (8), Risk & Finance (4), Governance (4), Human Capital (6), Regulatory Compliance (4). Average director attendance >99%; each incumbent ≥94%. Independent directors held five executive sessions chaired by the independent Board Chair .
- Risk oversight relevance: Risk & Finance oversees investments, capital, enterprise risk management, cybersecurity/business resiliency; Regulatory Compliance oversees regulatory, legal, policy matters and political contributions—areas aligned with Lefebvre’s technology/cyber expertise .
Fixed Compensation
| Component | Amount | Detail |
|---|---|---|
| Annual cash retainer (all directors) | $125,000 | Standard director cash retainer . |
| Committee chair retainer | $25,000 | Only for chairs (not applicable to Lefebvre) . |
| Board Chairman additional retainer | $225,000 | Paid 50% cash, 50% equity (not applicable to Lefebvre) . |
| Mojgan Lefebvre – 2024 Actuals | Amount ($) | Notes |
|---|---|---|
| Fees earned or paid in cash | 124,983 | Cash retainer; Lefebvre elected to defer cash into deferred share rights . |
| Stock awards (RSUs fair value) | 174,987 | Granted under 2022 Stock Incentive Plan . |
| All other compensation | — | No matching gifts recorded for 2024 in table . |
| Total | 299,970 | Sum of cash fees and stock awards . |
Performance Compensation
| Element | Grant Date | Units/Shares | Fair Value ($) | Vesting / Notes |
|---|---|---|---|---|
| Annual RSU grant (directors) | May 23, 2024 | 3,342 | 174,987 | Director RSUs accrue dividends in cash and pay at vesting; no performance metrics; time-based vesting per plan . |
No options, bonus, or performance-metric-linked awards disclosed for directors; equity is time-based RSUs .
Other Directorships & Interlocks
- No other public company directorships disclosed for Lefebvre in UNUM’s proxy .
- Limits: UNUM restricts outside service—no more than three additional public boards and no more than two additional audit committees (CEO stricter). All directors comply .
Expertise & Qualifications
- Technology/Digital Transformation; Regulatory/Risk Management; Insurance/Financial Industry; International experience .
- Board-level cybersecurity and resiliency oversight is within Risk & Finance; her background strengthens the Board’s capability in these areas .
- Education not disclosed in the proxy; profile emphasizes executive technology and operations credentials .
Equity Ownership
| Measure | Value | Notes |
|---|---|---|
| Shares of Common Stock (direct) | 9 | As of March 24, 2025 . |
| Shares subject to settleable rights/units | 7,529 | Deferred share rights and RSUs settleable within 60 days . |
| Total beneficial ownership | 7,538 | Sum of direct + settleable rights . |
| Percent of class | <1% | Denoted as less than 1% . |
| Unvested RSUs (12/31/2024) | 3,342 | Director RSUs outstanding at year-end . |
| Pledging | None believed pledged | Company states it does not believe directors’ shares are pledged . |
| Ownership guidelines | $625,000 | Required 5× annual cash retainer; new directors have five years; as of 12/31/2024, all non-employee directors met the requirement . |
| Anti-hedging/anti-pledging policies | Adopted | Policies apply to executives and directors . |
Insider Trades (Form 4/3)
| Filing Date | Transaction Date | Type | Shares Transacted | Price | Post-Transaction Owned | Source |
|---|---|---|---|---|---|---|
| 2025-05-23 | 2025-05-22 | Award (A) | 2,198 | $0 | 13,078 | |
| 2024-05-28 | 2024-05-23 | Award (A) | 2,387 | $0 | 10,880 | |
| 2024-05-28 | 2024-05-23 | Award (A) | 3,342 | $0 | 8,493 | |
| 2023-07-24 | 2023-07-21 | Award (A) | 2,142 | $0 | 5,151 | |
| 2023-07-24 | 2023-07-20 | Award (A) | 3,009 | $0 | 3,009 | |
| 2023-07-24 | 2023-07-20 | Initial Filing (Form 3) | — | — | — |
Governance Assessment
- Alignment: Committee placements (Risk & Finance; Regulatory Compliance) match Lefebvre’s technology/cyber and operations expertise; strengthens oversight of cybersecurity, ERM, and compliance .
- Independence/Conflicts: Board affirmed independence; related party transaction policy in place; company reports no related party transactions since beginning of 2024. Ordinary-course business dealings involving directors’ outside affiliations were below materiality thresholds. Anti-hedging and anti-pledging policies in force—a positive alignment signal .
- Ownership alignment: Deferral of cash retainer into deferred share rights and ongoing RSU grants; all non-employee directors met stock ownership requirements as of year-end—a positive alignment indicator .
- Attendance/Engagement: Strong Board attendance metrics and regular executive sessions; governance practices rated robust (e.g., independent chair, majority voting, proxy access) .
- Say-on-Pay signal: 93% approval in 2024 suggests investor confidence in compensation governance broadly; while focused on executives, it reflects overall governance environment .
RED FLAGS
- Related-party transactions: None reported since beginning of 2024 .
- Pledging/Hedging: Policies prohibit; no pledging believed for directors’ holdings .
- Attendance: No concerns indicated; Board-level metrics strong .
- Compensation anomalies: Director pay structure stable; no changes proposed for 2025/2026; pay levels benchmarked by independent consultant (Pay Governance) .
Overall, Lefebvre’s technology and risk background is accretive to UNUM’s risk and compliance oversight, with no disclosed conflicts, strong ownership alignment, and stable, plain-vanilla director compensation—supportive of investor confidence .