EDWARD J. CONWAY
Gray,ME
Summary
Seasoned total rewards expert with extensive experience in executive compensation and pay equity analysis. Proven success in leading global compensation initiatives that foster transparency and engagement, while aligning reward programs with organizational goals for sustained business success.
Overview
29
29
years of professional experience
Work History
Senior Director, Compensation
CENGAGE
Boston, MA
03.2019 - Current
- Led team in development of cohesive Global grading structure and implemented salary structures covering ~4,500 employees in ~25 countries
- Led executive compensation strategy for the Company with regular interaction and presentation to the Board Compensation Committee and senior management
- Collaborated with Board Compensation Committee and senior management to revamp private company equity program, modifying historical awards and implementing new structures, guidelines, and grant cadence for 250 global participants
- Introduced pay transparency roadmap, transforming organization from minimal transparency to published pay ranges and training for leaders and employees on pay decisions and processes
- Redesigned and vastly simplified global short-term incentive plan into company-wide design, consolidating various BU and region-specific legacy programs
- Overhauled benchmarking practices and survey suite, implementing PayFactors database to enhance data accuracy and decision-making processes
- Partnered with Legal team and external vendor to create ongoing pay equity review and developed a plan to address inconsistencies quickly and fairly
- Participated in steering committee for IPO readiness. Coordinated with Compensation Committee consultants and created historical pay information for the preliminary S-1 filing.
Director, Compensation
KEURIG DR PEPPER (KEURIG GREEN MOUNTAIN)
Burlington, MA
02.2016 - 11.2018
- Supported global compensation team in designing and administering total rewards programs, enhancing employee engagement and retention.
- Redesigned compensation department structure to align with business and HR functions, improving service delivery to internal client teams.
- Partnered with private equity partners and internal teams to design, implement, and launch new equity incentive and executive investment program.
- Helped transition LTI and investment program from private ownership back to public ownership and rolled out program to approximately 800 eligible participants across combined company.
- Contributed to integration work for Keurig Green Mountain and Dr Pepper Snapple integration into a consolidated organization with approximately $11B in sales and 25K employees.
- Conducted due diligence for the $18.7 billion acquisition of Dr. Pepper Snapple Group.
- Provided consulting support for full redesign of health and welfare benefits, including vendor selection and cost negotiations.
- Reviewed company functions to establish consistent job profile definitions, facilitating employee mobility across functions.
- February 2016 to November 2018.
Senior Compensation Consultant
KEURIG DR PEPPER (KEURIG GREEN MOUNTAIN)
Burlington, MA
09.2013 - 02.2016
- Collaborated with senior management and external compensation committee on executive compensation, annual incentive, and equity plan design for a publicly traded consumer products organization with $5B in annual revenues.
- Worked with independent executive compensation consultants during reviews of executive and board pay.
- Led internal consulting team that added analysis capabilities to the organization and delivered net savings of over $500K in external consulting costs.
- Worked alongside the legal department to draft annual proxy statement and other SEC disclosures, ensuring compliance and transparency.
- Supported restructuring of compensation program for 3,500 hourly manufacturing employees as part of a broader effort to build high-performance work team culture at 8 U.S. non-union production facilities.
- Contributed to due diligence and negotiation for $13.9 billion acquisition of the company by JAB Partners.
- Contributed to steering committee the steering committee for implementing new performance management, learning and development, compensation, benefits, and HRIS tool, enhancing organizational efficiency.
Senior Manager, Compensation & Benefits
SAPIENT
Boston, MA
09.2009 - 09.2013
- Led compensation planning and administration for base pay, annual incentive, and equity programs, ensuring alignment with organizational goals.
- Directed North America benefits team in redesign and vendor selection for U.S. and Canada programs, enhancing employee satisfaction and program effectiveness.
- Oversaw an eight-person team, including North America compensation and benefits group and compensation consultants in Europe and India, driving cohesive strategy and execution.
- Advised the executive leadership team and the external compensation committee through presentations and recommendations.
- Participated in M&A and integration team for due diligence and integration of human resources policies, compensation, equity, and benefits.
- Supported global total rewards program for 12K-employee publicly traded marketing services, consulting, and technology organization.
- Contributed to an integrated planning team defining, setting, and carrying out strategic planning initiatives across Sapient strategic plan.
Senior Consultant
MERCER
Boston, MA
12.2000 - 06.2009
- Supported client projects in reviewing and redesigning executive and broad-based compensation equity programs, change of control provisions, employment contracts, short-term and long-term incentive programs, and M&A due diligence, enhancing alignment with client objectives.
- Aligned executive compensation, broad-based rewards, sales compensation, and benefits with business and human resource strategies.
- Prepared and presented executive compensation reports, facilitating discussions on critical issues during compensation committee meetings and sessions with senior executives.
- Served multinational companies across technology, banking, insurance, pharmaceuticals, life sciences, utilities, healthcare, manufacturing, and consumer products.
- Verified compensation programs complied with tax and accounting regulations.
- Managed analyst staff on project assignments.
- Contributed to intellectual capital initiatives by participating in committees that reviewed accounting developments, regulatory changes, and emerging compensation issues, informing strategic decision-making.
- Presented at seminars and conferences on a wide range of compensation topics.
Senior Compensation Analyst
PEPSICO
Purchase, NY
06.1998 - 12.2000
- • Contributed to planning and design of compensation programs for employees and directors at global corporation with over $20B in annual sales, enhancing alignment with organizational goals.
- • Managed annual competitive reviews of CEO and Board of Directors compensation, ensuring accurate calibration of financial performance and annual incentive awards.
- • Performed financial modeling and competitive analysis, and served as primary contact for industry compensation survey group with Fortune 100 consumer products companies.
- • Assisted with major department initiatives, including integration of $2.5B Tropicana Products Company into existing corporate compensation structure, IPO of $7B Pepsi Bottling Group, and design and rollout of a single compensation plan for over 1K information technology professionals.
Analyst
JOHNSON ASSOCIATES
New York, NY
06.1997 - 06.1998
- Designed and analyzed executive compensation programs for major international clients in financial services at a boutique consulting firm.
- Developed comprehensive reports to communicate findings and recommendations effectively.
Education
Master of Business Administration - Finance
BOSTON COLLEGE CARROLL GRADUATE SCHOOL OF MANAGEMENT
Chestnut Hill, MABachelor of Science - Finance, History and Development of Western Civilization
PROVIDENCE COLLEGE
Providence, RISkills
- Executive compensation
- Compensation strategy
- Compensation philosophy
- Pay equity
- Equity programs
- Salary benchmarking
- Market research
Timeline
Senior Director, Compensation
CENGAGE
03.2019 - Current
Director, Compensation
KEURIG DR PEPPER (KEURIG GREEN MOUNTAIN)
02.2016 - 11.2018
Senior Compensation Consultant
KEURIG DR PEPPER (KEURIG GREEN MOUNTAIN)
09.2013 - 02.2016
Senior Manager, Compensation & Benefits
SAPIENT
09.2009 - 09.2013
Senior Consultant
MERCER
12.2000 - 06.2009
Senior Compensation Analyst
PEPSICO
06.1998 - 12.2000
Analyst
JOHNSON ASSOCIATES
06.1997 - 06.1998
Master of Business Administration - Finance
BOSTON COLLEGE CARROLL GRADUATE SCHOOL OF MANAGEMENT
Bachelor of Science - Finance, History and Development of Western Civilization
PROVIDENCE COLLEGE