Marjorie Sennett
VISTEONAbout Marjorie T. Sennett
Visteon appointed Marjorie T. Sennett as an independent director effective July 17, 2025; she serves on the Audit Committee and the Organization and Compensation Committee. Sennett brings deep finance and technology experience, including prior roles as Managing Director at Farallon Capital, CFO of eGroups (co-led sale to Yahoo) and CFO of Amylin Pharmaceuticals (led IPO and follow-on offerings), and holds a B.A. from Vanderbilt University and an MBA from Stanford GSB; she has public company board experience (Cognex; prior QuinStreet) and nonprofit board service (diaTribe Foundation). The Board determined she meets independence requirements for general Board service and for the Audit and Organization & Compensation Committees.
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Farallon Capital Management, LLC | Managing Director | — | Institutional investor leadership; deep capital markets expertise |
| eGroups, Inc. | Chief Financial Officer | — | Co-led company sale to Yahoo! Inc. |
| Amylin Pharmaceuticals, Inc. | Chief Financial Officer | — | Led IPO and multiple follow-on offerings |
External Roles
| Organization | Role | Status | Committees |
|---|---|---|---|
| Cognex Corporation (NASDAQ: CGNX) | Director | Current | Audit Committee |
| QuinStreet, Inc. (NASDAQ: QNST) | Director | Former | Audit Committee |
| diaTribe Foundation | Director | Current | Audit Committee |
Board Governance
- Committee assignments: Audit Committee member; Organization and Compensation Committee member.
- Independence: Board affirmed Sennett meets Nasdaq, SEC, and Visteon Director Independence Guidelines for Board service and for both committees.
- Appointment date: Approved by the Board on July 17, 2025; effective immediately.
- Engagement and attendance: Sennett joined after the June 5, 2025 annual meeting; individual attendance for her service period is not yet disclosed. Board guidelines expect directors to attend all scheduled Board/committee meetings.
Fixed Compensation
| Component | Amount | Notes |
|---|---|---|
| Annual cash retainer | $95,000 | Standard for non-employee directors; prorated for partial-year service |
| Audit Committee member retainer | $10,000 | Paid to Audit Committee members; prorated for partial-year service |
| Organization & Compensation Committee member retainer | $0 | No member fee; Chair retainer only |
| Committee chair retainers | $25,000 (Audit Chair); $20,000 (Organization & Compensation Chair); $15,000 (CS&G and Technology Chairs) | Applies only if chairing; Sennett is not a chair |
| Non-executive Board Chair additional retainer | $150,000 | Not applicable to Sennett |
Performance Compensation
| Equity Award | Typical Value | Vesting | Deferral/Distribution |
|---|---|---|---|
| Restricted Stock Units (RSUs) – annual director grant | $150,000 | Vests approximately one year after grant | Distributed in shares unless deferred; directors may elect to defer compensation into unit accounts tied to VC stock; amounts deferred are paid after board service or upon change in control |
| Sennett initial grant | Consistent with program | As a new non-employee director, she will receive a stock unit award under the 2020 Incentive Plan, prorated for partial-year service |
Performance metrics: Director equity grants are service-based; no revenue/EBITDA/TSR performance conditions apply to director RSUs.
Other Directorships & Interlocks
| Link | Nature | Potential Governance Implication |
|---|---|---|
| Cognex interlock | Visteon CEO Sachin S. Lawande serves on Cognex’s board; Sennett also serves on Cognex’s board | Information flow/network link; not a related-party transaction at Visteon; Board independence policies apply |
Expertise & Qualifications
- Finance and capital markets: Former Farallon MD; CFO roles leading IPOs and M&A processes (Amylin IPO; eGroups sale to Yahoo).
- Technology sector exposure: Board service at Cognex (machine vision) and former QuinStreet (performance marketing technology).
- Recognitions and education: B.A. Vanderbilt; MBA Stanford; recognized by Business Insider among “20 Women in Finance You Should Add to Your Company’s Board.”
Equity Ownership
| Metric | As of | Amount | Notes |
|---|---|---|---|
| Common stock beneficially owned | 07/17/2025 | 0 shares | Form 3 initial statement; Direct (D) ownership |
| Derivative securities | 07/17/2025 | — | No derivative holdings disclosed on Form 3 |
| Shares pledged | 07/17/2025 | 0 | No pledging disclosed; company policy prohibits hedging/pledging/margin purchases for directors and officers |
| Director stock ownership guideline | Ongoing | 5× annual cash retainer within five years of joining Board | All Directors were in compliance as of 12/31/2024; Sennett is newly appointed and subject to guideline |
Insider filings
| Filing | Date | Key Disclosure |
|---|---|---|
| Form 3 (Initial Statement of Beneficial Ownership) | 07/21/2025 | Reports 0 shares of common stock owned; relationship: Director |
Governance Assessment
- Board effectiveness: Appointment adds audit and compensation committee capacity with a seasoned finance executive, strengthening oversight of financial reporting and pay governance.
- Independence and conflicts: Board affirmed independence for Board and key committees; 8-K discloses no arrangements, family relationships, or related-party transactions requiring Item 404(a) disclosure—reducing conflict risk.
- Compensation alignment: Director pay program blends cash retainer and time-based RSUs; annual RSU grants vest in ~1 year and can be deferred, aligning director interests with stockholders without introducing performance metric gaming; prorated awards for partial-year service avoid windfalls.
- Policies and safeguards: Robust anti-hedging/anti-pledging, majority voting, independent Board chair, and stock ownership guidelines support investor alignment and governance quality.
- Network interlock: Shared Cognex board service with Visteon’s CEO creates a notable information network; monitor for potential overboarding or influence, but current disclosures show no related-party transactions at Visteon.
Overall signal: The selection of an experienced audit/compensation committee-qualified director with public company CFO and investor background is a positive governance signal; initial zero share ownership is typical at appointment, with stock units and ownership guidelines driving alignment over time.