Nxu Management
Management criteria checks 1/4
Nxu's CEO is Mark Hanchett, appointed in Jan 2016, has a tenure of 8.33 years. total yearly compensation is $3.12M, comprised of 6.4% salary and 93.6% bonuses, including company stock and options. directly owns 3.07% of the company’s shares, worth $153.97K. The average tenure of the management team and the board of directors is 3.3 years and 2.5 years respectively.
Key information
Mark Hanchett
Chief executive officer
US$3.1m
Total compensation
| CEO salary percentage | 6.4% |
| CEO tenure | 8.3yrs |
| CEO ownership | 3.1% |
| Management average tenure | 3.3yrs |
| Board average tenure | 2.5yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | US$3m | US$200k | -US$40m |
| Sep 30 2023 | n/a | n/a | -US$56m |
| Jun 30 2023 | n/a | n/a | -US$61m |
| Mar 31 2023 | n/a | n/a | -US$63m |
| Dec 31 2022 | US$200k | US$200k | -US$72m |
| Sep 30 2022 | n/a | n/a | -US$91m |
| Jun 30 2022 | n/a | n/a | -US$160m |
| Mar 31 2022 | n/a | n/a | -US$148m |
| Dec 31 2021 | US$126m | US$168k | -US$134m |
Compensation vs Market: Mark's total compensation ($USD3.12M) is above average for companies of similar size in the US market ($USD661.60K).
Compensation vs Earnings: Mark's compensation has increased whilst the company is unprofitable.
CEO
Mark Hanchett (41 yo)
8.3yrs
Tenure
US$3,120,000
Compensation
Mr. Mark Aaron Hanchett serves as Chairman of the Board and Chief Executive Officer at Atlis Motor Vehicles, Inc. (Also Known as Nxu, Inc.) since 2016. He is the Founder and Director of Atlis Motor Vehicle...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 8.3yrs | US$3.12m | 3.07% $ 154.0k | |
| President & Director | 4.1yrs | US$2.07m | 1.2% $ 60.3k | |
| Interim Chief Financial Officer | less than a year | US$418.45k | 0.35% $ 17.5k | |
| Chief Legal Officer & Secretary | less than a year | no data | no data | |
| Vice President of People | 3.3yrs | no data | no data |
3.3yrs
Average Tenure
39.5yo
Average Age
Experienced Management: NXU's management team is considered experienced (3.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 8.3yrs | US$3.12m | 3.07% $ 154.0k | |
| President & Director | no data | US$2.07m | 1.2% $ 60.3k | |
| Lead Independent Director | 3.3yrs | US$362.42k | 0.14% $ 7.1k | |
| Independent Director | less than a year | US$155.00k | 0.12% $ 5.9k | |
| Independent Director | 1.8yrs | US$361.47k | 3.22% $ 161.3k |
2.5yrs
Average Tenure
45yo
Average Age
Experienced Board: NXU's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.