Bright Horizons Welcomes Jennifer Schulz to Board of Directors
Bright Horizons Adds Expertise to Its Board
Bright Horizons Family Solutions Inc. (NYSE: BFAM), a prominent child care services provider, proudly announces the appointment of Jennifer Schulz to its Board of Directors. This strategic decision comes as the Board expands from nine to ten members, a move aimed at bolstering its leadership team.
Introducing Jennifer Schulz
Jennifer Schulz, who is 53 years old, currently serves as the CEO of Experian North America, a role she has held since April 2022. Schulz has an extensive career marked by various significant leadership positions, including roles at renowned companies such as Visa and Verifi, showcasing her expertise in global product strategy, innovation, and eCommerce. Her appointment is expected to bring a wealth of knowledge and experience to Bright Horizons, furthering the company's mission.
Board Structure and Governance
Jennifer will serve as a Class I director, with her elected term extending until the 2026 annual meeting of shareholders. Interestingly, at this moment, she will not participate in any of the Board's standing committees. Bright Horizons has confirmed that there are no existing arrangements or understandings between Schulz and any other parties regarding her appointment.
Compensation and Agreements
In connection with her role on the Board, Schulz will receive compensation consistent with the company's established non-employee director compensation guidelines. This compensation package includes a pro-rata equity award, showcasing the company’s commitment to aligning its leadership's incentives with shareholder interests. Furthermore, she has also entered into an indemnification agreement with Bright Horizons, echoing the agreements held by fellow directors, thereby enhancing the governance structure.
Commitment to Strong Leadership
The recent update underscores Bright Horizons' commitment to nurturing strong governance. The company's transparency regarding Schulz's appointment and the governance updates reflect an industry-standard approach, reinforcing Bright Horizons' determination to enhance its Board through diverse expertise and leadership.
Frequently Asked Questions
Who is Jennifer Schulz?
Jennifer Schulz is the newly appointed Board member of Bright Horizons, currently serving as the CEO of Experian North America.
What will Jennifer Schulz's role be on the Board?
Schulz will serve as a Class I director and her term will be up for election in 2026.
How many members are on the Bright Horizons Board now?
With the addition of Schulz, the Board has expanded from nine to ten members.
What is the compensation structure for Board members at Bright Horizons?
Board members receive compensation aligned with the company’s non-employee director compensation program, including pro-rata equity awards.
Is Jennifer Schulz involved in any standing committees?
No, at the moment, Jennifer Schulz will not hold a position on any of the Board's standing committees.
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