NEWTON, MA – Bright Horizons (NYSE:BFAM) Family Solutions Inc. (NYSE:BFAM), a provider of child care services, announced the appointment of Jennifer Schulz to its Board of Directors, effective immediately. The appointment was made on Monday, following the expansion of the Board from nine to ten members.
Schulz, 53, brings a wealth of experience to Bright Horizons, currently serving as CEO of Experian (OTC:EXPGF) North America, Inc. since April 2022. Her background includes various leadership roles at Experian, Visa Inc (NYSE:V)., and Verifi, Inc., reflecting a strong track record in global product strategy, innovations, and eCommerce.
The newly appointed director will serve as a Class I director, with her term set to be up for election at the 2026 annual meeting of shareholders. At present, Schulz will not hold a position on any of the Board’s standing committees.
Bright Horizons stated that there are no arrangements or understandings between Schulz and any other persons related to her appointment, nor are there any transactions that would require disclosure under SEC regulations.
As part of her Board participation, Schulz will receive compensation aligned with the company’s non-employee director compensation program, detailed in the 2024 Proxy Statement filed with the SEC on April 25, 2024. This includes a pro-rata equity award. Additionally, she has entered into an indemnification agreement with the company, consistent with those signed by other directors.
This governance update is based on a recent SEC filing by Bright Horizons, confirming the company's ongoing commitment to strong leadership and expertise on its Board.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.