Gevo Management

Management criteria checks 2/4

Gevo's CEO is Pat Gruber, appointed in Jan 2007, has a tenure of 17.33 years. total yearly compensation is $3.75M, comprised of 16.9% salary and 83.1% bonuses, including company stock and options. directly owns 1.26% of the company’s shares, worth €1.92M. The average tenure of the management team and the board of directors is 2.7 years and 5.5 years respectively.

Key information

Pat Gruber

Chief executive officer

US$3.7m

Total compensation

CEO salary percentage	16.9%
CEO tenure	17.3yrs
CEO ownership	1.3%
Management average tenure	2.7yrs
Board average tenure	5.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Pat Gruber's remuneration changed compared to Gevo's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	US$4m	US$635k	-US$66m
Sep 30 2023	n/a	n/a	-US$73m
Jun 30 2023	n/a	n/a	-US$101m
Mar 31 2023	n/a	n/a	-US$100m
Dec 31 2022	US$3m	US$553k	-US$98m
Sep 30 2022	n/a	n/a	-US$89m
Jun 30 2022	n/a	n/a	-US$60m
Mar 31 2022	n/a	n/a	-US$65m
Dec 31 2021	US$11m	US$500k	-US$59m
Sep 30 2021	n/a	n/a	-US$61m
Jun 30 2021	n/a	n/a	-US$53m
Mar 31 2021	n/a	n/a	-US$41m
Dec 31 2020	US$2m	US$467k	-US$40m
Sep 30 2020	n/a	n/a	-US$29m
Jun 30 2020	n/a	n/a	-US$31m
Mar 31 2020	n/a	n/a	-US$32m
Dec 31 2019	US$2m	US$500k	-US$29m
Sep 30 2019	n/a	n/a	-US$29m
Jun 30 2019	n/a	n/a	-US$27m
Mar 31 2019	n/a	n/a	-US$32m
Dec 31 2018	US$1m	US$480k	-US$28m
Sep 30 2018	n/a	n/a	-US$25m
Jun 30 2018	n/a	n/a	-US$23m
Mar 31 2018	n/a	n/a	-US$21m
Dec 31 2017	US$544k	US$500k	-US$25m

Compensation vs Market: Pat's total compensation ($USD3.75M) is above average for companies of similar size in the German market ($USD705.75K).

Compensation vs Earnings: Pat's compensation has increased whilst the company is unprofitable.

CEO

Pat Gruber (62 yo)

17.3yrs

Tenure

US$3,746,158

Compensation

Dr. Patrick R. Gruber, also known as Pat, Ph D., MBA has been Chief Executive Officer of Gevo, Inc., since 2007. Dr. Gruber co-founded NatureWorks LLC in 1997 and served as its Vice President Technology an...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Patrick Gruber	CEO & Director	17.3yrs	US$3.75m	1.26% $ 1.9m
Christopher Ryan	President & COO	12.9yrs	US$1.65m	0.51% $ 773.3k
L. Smull	Chief Financial Officer	4.4yrs	US$1.33m	0.38% $ 585.1k
Kimberly Bowron	Chief People Officer	2.9yrs	US$811.05k	0.11% $ 161.1k
Paul Bloom	Chief Carbon Officer & Chief Innovation Officer	2.7yrs	US$1.37m	0.25% $ 387.1k
James Liao	Co-Founder	no data	no data	no data
Alisher Nurmat	VP of Accounting	2.2yrs	no data	0.045% $ 67.9k
Heather Manuel	Vice President of Corporate Communications	3.6yrs	no data	no data
Andrew Shafer	Chief Marketing	less than a year	no data	0.067% $ 101.5k
David George	Senior Vice President of Verity Tracking	2.3yrs	no data	no data
Nancy Young	Chief Sustainability Officer	less than a year	no data	no data
Damien Perriman	Chief Business Development Officer	less than a year	no data	no data

2.7yrs

Average Tenure

57yo

Average Age

Experienced Management: ZGV3's management team is considered experienced (2.7 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Patrick Gruber	CEO & Director	17.3yrs	US$3.75m	1.26% $ 1.9m
William Baum	Independent Chairman of the Board	8.3yrs	US$245.00k	0.093% $ 141.6k
Andrew Marsh	Independent Director	9.3yrs	US$225.00k	0.12% $ 177.2k
Gary Mize	Independent Director	12.7yrs	US$225.00k	0.11% $ 165.2k
Jaime Guillen	Independent Director	2.8yrs	US$225.00k	0.11% $ 168.3k
Leo Manzer	Member of Scientific Advisory Board	no data	no data	no data
David Henton	Member of Scientific Advisory Board	no data	no data	no data
Carol Battershell	Independent Director	1.3yrs	US$258.74k	0.055% $ 83.7k
Angelo Amorelli	Independent Director	less than a year	US$115.74k	0.044% $ 66.6k
Mary Ellet	Independent Director	less than a year	no data	0.027% $ 40.7k

5.5yrs

Average Tenure

64.5yo

Average Age

Experienced Board: ZGV3's board of directors are considered experienced (5.5 years average tenure).

Gevo Management

Management criteria checks 2/4

Key information

Recent management updates

Gevo, Inc., Annual General Meeting, May 21, 2024

Gevo, Inc. Hires Damien Perriman as Chief Business Development Officer

Gevo, Inc. Appoints Angelo Amorelli as Board of Directors

Gevo, Inc. Announces the Resignation of Timothy J. Cesarek, Chief Commercial Officer, Effective September 22, 2023

Gevo, Inc. Appoints Nancy N. Young as Chief Sustainability Officer

Less than half of directors are independent

Recent updates

Gevo, Inc. to Report Q1, 2024 Results on May 02, 2024

Gevo, Inc., Annual General Meeting, May 21, 2024

No longer forecast to breakeven

Gevo Receives Notice from the Nasdaq Regarding Not in Compliance with Nasdaq Listing Rule 5550(a)(2) Minimum Bid Price Requirement

Gevo, Inc. Hires Damien Perriman as Chief Business Development Officer

Gevo, Inc. to Report Q4, 2023 Results on Mar 07, 2024

Gevo, Inc. has filed a Follow-on Equity Offering in the amount of $500 million.

Third quarter 2023 earnings released: US$0.066 loss per share (vs US$0.18 loss in 3Q 2022)

Gevo, Inc. Appoints Angelo Amorelli as Board of Directors

Gevo, Inc. to Report Q3, 2023 Results on Nov 08, 2023

New major risk - Share price stability

Gevo, Inc. Announces the Resignation of Timothy J. Cesarek, Chief Commercial Officer, Effective September 22, 2023

New minor risk - Profitability

Second quarter 2023 earnings released: US$0.061 loss per share (vs US$0.063 loss in 2Q 2022)

Forecast to breakeven in 2025

Gevo, Inc. Appoints Nancy N. Young as Chief Sustainability Officer

First quarter 2023 earnings released: US$0.074 loss per share (vs US$0.078 loss in 1Q 2022)

No longer forecast to breakeven

Full year 2022 earnings released: US$0.44 loss per share (vs US$0.30 loss in FY 2021)

Gevo, Inc. to Report Q4, 2022 Results on Mar 09, 2023

Less than half of directors are independent

Gevo, Inc. Appoints Carol Battershell to Board of Directors

Forecast to breakeven in 2025

Forecast to breakeven in 2024

Third quarter 2022 earnings released: US$0.18 loss per share (vs US$0.072 loss in 3Q 2021)

Gevo, Inc. Reports Impairment Loss for the Third Quarter Ended September 30, 2022

Gevo, Inc. to Report Q3, 2022 Results on Nov 08, 2022

Second quarter 2022 earnings released: US$0.063 loss per share (vs US$0.092 loss in 2Q 2021)

Gevo, Inc. announces renewable natural gas project in Northwest Iowa has been producing biogas

Forecast to breakeven in 2024

First quarter 2022 earnings released: US$0.078 loss per share (vs US$0.055 loss in 1Q 2021)

Gevo, Inc., Annual General Meeting, Jun 01, 2022

No longer forecast to breakeven

Independent Director recently sold €412k worth of stock

Gevo, Inc. Appoints Alisher Nurmat as Principal Accounting Officer of the Company

Gevo, Inc. Announces Retirement of Carolyn Romero as Chief Accounting Officer and Principal Accounting Officer, Effective March 4, 2022

Full year 2021 earnings: EPS in line with expectations, revenues disappoint

Forecast to breakeven in 2024

Third quarter 2021 earnings released: US$0.072 loss per share (vs US$0.089 loss in 3Q 2020)

Forecast to breakeven in 2024

First quarter 2021 earnings released: US$0.055 loss per share (vs US$0.64 loss in 1Q 2020)

Full year 2020 earnings released: US$0.71 loss per share (vs US$2.35 loss in FY 2019)

Gevo, Inc. and HCS Group GmbH Sign Strategic Agreement to Produce Renewable Low-Carbon Chemicals and Sustainable Aviation Fuel in Europe

Gevo and Scandinavian Airlines System Amend Agreement to Increase Off-Take of Sustainable Aviation Fuel, valued at over $100 Million

Gevo, Inc. to Report Q4, 2020 Results on Mar 18, 2021

New 90-day high: €11.44

Johannes Minho Roth Resigned as A Member of the Board of Directors of Gevo

Independent Director has left the company

Gevo, Inc. has completed a Follow-on Equity Offering in the amount of $350 million.

Gevo, Inc. Announces the Concept of Net-Zero Projects for the Production of Energy Dense Liquid Hydrocarbons Using Renewable Energy

New 90-day high: €4.14

New 90-day high: €1.93

Gevo, Inc. Supplies Avfuel with Sustainable Aviation Fuel for Pacific Northwest Region

New 90-day high: €1.50

Revenue misses expectations

Third quarter 2020 earnings released: US$0.089 loss per share

Gevo, Inc. Collaborates with TOTAL Cray Valley to Develop Renewable Isoamylene

Gevo Regains Compliance With NASDAQ Minimum Bid Price Listing Requirement

Gevo, Inc. has completed a Follow-on Equity Offering in the amount of $49.834686 million.

Gevo Receives Non-Compliance Notice from Nasdaq

First half earnings released

Earnings released

Gevo, Inc. to Report Q2, 2020 Results on Aug 10, 2020

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure