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Film Industry Veteran Becomes Google's Newest Board Member

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According to this news release, Google has named a new member to its Board of Directors.

The latest addition to the board is Ann Mather who will also serve as Chairperson for Google's Audit Committee. The official filing was made with the SEC on November 23rd when Mather became a " beneficial" owner of Google shares.

Mather also served on the Shopping.com's board prior to the company being acquired by eBay.

Perhaps most noteworthy is that Ms. Mather was Executive Vice President and Chief Financial Officer for Pixar from 1999-2004.

Prior to joining Pixar, Ms. Mather was Executive Vice President and Chief Financial Officer at Village Roadshow Pictures, and held various executive positions at the Walt Disney Company in Los Angeles from 1993 to 1999, including Senior Vice President of Finance and Administration for its Buena Vista International Theatrical Division. From 1992 to 1993 she worked for Disney in Paris to help start the international theatrical distribution arm in ten European countries.

So, in addition to getting a new member of its Board of Directors, Google has appointed someone with a "working knowledge" of the media/film industry and Apple's Steve Jobs, who is Pixar's CEO. Smooth move. You've got to wonder if Buzz Lightyear will be appearing on Google Video sometime soon. (-:

More in this news release and a story from News.com. This web page lists the complete Google Board of Directors but hasn't been updated to list either Ms. Mather or Shirley M. Tilghman, who was appointed to the board in October.

Postscript: If you're wondering about Ms. Mather's compensation package, etc. it's outlined in this just filed "Letter Agreement between Google and Ann Mather."

From the agreement text:

As compensation for your services to the Company, you will be granted two initial equity grants. The first grant will be an option to purchase 12,000 shares of Google Class A common stock. This will be a non-qualified stock option with an exercise price equal to the closing fair market value of the underlying stock on the date of grant. The shares underlying the option will vest at the rate of 1/5th on the date one year after you commence service as a Director and an additional 1/60th each month thereafter, subject to your continued service as a Director on the applicable vesting date. The second grant will be in the form of 4,700 Google Stock Units (GSUs). Each GSU will entitle you to one share of Google Class A common stock when the GSU vests. Your GSUs will vest at the rate of 1/5th on the date one year after you commence service as a Director and an additional 1/20th each quarter thereafter, subject to your continued service as a Director on the applicable vesting date. Board grants take place on the first business day of the month following the date on which the Board approves the grant and you commence service on the Board. The option and GSUs shall be subject to the terms and conditions of the Company?s 2004 Stock Plan and their respective grant agreements, all of which documents are incorporated herein by reference.


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