Tim Cabral
VEEVA SYSTEMSAbout Tim Cabral
Independent director at Veeva Systems; age 57; director since 2022. Former Veeva CFO (2010–2020) and Interim CFO (Apr 1–Sep 16, 2024). He received no compensation for the interim CFO role. Education: B.S. Finance and MBA, Santa Clara University. Board skills identified by Veeva include Veeva-specific operational expertise, financial expertise, public company board experience, business development, and governance/risk/compliance.
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Veeva Systems Inc. | Chief Financial Officer | 2010–2020 | Led finance through growth phase; deep Veeva operating knowledge |
| Veeva Systems Inc. | Interim CFO | Apr 1–Sep 16, 2024 | Unpaid interim service; continuity during CFO transition |
| PeopleSoft, Inc. | Various roles incl. VP Finance | 1994–2010 | Enterprise software finance leadership |
| Chiron Corp. | Senior Finance Manager | 1994–2010 | Life sciences finance experience |
External Roles
| Organization | Role | Tenure | Committees/Notes |
|---|---|---|---|
| Doximity, Inc. (Public) | Director | 2020–present | Public company board service |
| ServiceTitan, Inc. (Public) | Director | 2020–present | Public company board service (as disclosed) |
| SingleStore, Inc. | Director | 2021–present | Private company board service |
Board Governance
- Committee assignments (FY2025): none; not a member of Audit, Compensation, Nominating & Governance, or Cybersecurity committees. No chair roles.
- Independence: Board determined independent; 8/9 directors independent overall.
- Attendance: Board met 4 times; no director attended fewer than 75% of aggregate Board and committee meetings.
- Years of service on board: 3 (as shown in board skills matrix).
- Executive sessions: Regular executive sessions of independent directors.
- Overboarding: Company policy caps directors at ≤4 public boards (including Veeva); no director exceeds the policy.
Fixed Compensation
| Component | FY2025 Amount | Notes |
|---|---|---|
| Annual cash retainer | $50,000 | Paid quarterly in arrears |
| Total cash paid (FY2025) | $50,000 | Fees earned or paid in cash |
Performance Compensation
| Equity Element | FY2025 Value | Vesting / Terms | Outstanding at FY-end |
|---|---|---|---|
| Annual RSU grant | $225,034 | Time-based; vests quarterly over one year | 629 RSUs outstanding as of Jan 31, 2025 |
| Committee RSU adders | $0 | None (no committee roles) | — |
- Director equity program: annual RSUs valued at $225,000; vest quarterly over one year; additional RSUs for committee roles/chairs (not applicable to Cabral in FY2025). No option grants for directors disclosed.
- Structure implies an equity-heavy mix (cash retainer plus time-based RSUs).
Other Directorships & Interlocks
| Topic | Detail |
|---|---|
| Current public boards | Doximity, Inc.; ServiceTitan, Inc. (as disclosed) |
| Compensation Committee interlocks | Company discloses none in FY2025; comp committee was Carges and Ritter |
| Related-party transactions | No transactions involving Cabral disclosed in FY2025 related-party section |
Expertise & Qualifications
- Former Veeva CFO and interim CFO; deep Veeva operational knowledge and financial expertise.
- Board skills matrix flags: Veeva-specific operational expertise; Financial expertise; Public company board experience; Business development; Governance, risk, and compliance.
Equity Ownership
| Metric | Value | Notes |
|---|---|---|
| Beneficial ownership (shares) | 9,382 | Held by The Cabral Family Trust dated April 17, 2001; <1% of shares outstanding |
| Unvested director RSUs | 629 | As of Jan 31, 2025 |
| Ownership guidelines | 3x annual cash retainer for directors; all directors in compliance as of Mar 31, 2025 | |
| Hedging/Pledging | Prohibited by Insider Trading Policy |
Recent insider trades (Form 4)
| Date (period of report) | Transaction | Shares | Holding detail / note | Source |
|---|---|---|---|---|
| 2025-09-01 | RSU conversion/vesting to common | 262 | Reported on Form 4 | https://www.sec.gov/Archives/edgar/data/1393052/000158585825000005/xslF345X05/wk-form4_1756941212.xml |
| 2025-09-01 | Indirect holdings noted | 5,500 | By the Cabral Family Trust | https://www.sec.gov/Archives/edgar/data/1393052/000158585825000005/xslF345X05/wk-form4_1756941212.xml |
Governance Assessment
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Positives:
- Strong finance and Veeva-specific operating expertise (former CFO, interim CFO), supporting effective oversight of strategy and financial stewardship.
- Independence affirmed; high attendance culture; regular independent executive sessions; robust governance practices (declassified board, proxy access, single-class stock).
- Director pay is modest in cash with equity vesting over one year; ownership guidelines in place; anti-hedging/pledging policy; suggests alignment with shareholders.
-
Watch items:
- Not currently serving on Audit or other key committees despite financial expertise; monitoring future committee assignments could be relevant to board effectiveness.
- Multiple outside boards (Doximity, ServiceTitan, plus private SingleStore); though within company overboarding policy and market norms, time commitments should be monitored.
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Conflicts/Related Party: No related-party transactions disclosed for Cabral; interim CFO role in 2024 was unpaid, reducing conflict risk.