ESS Tech Management
Management criteria checks 2/4
ESS Tech's CEO is Eric Dresselhuys, appointed in Mar 2021, has a tenure of 3.17 years. total yearly compensation is $2.13M, comprised of 21.8% salary and 78.2% bonuses, including company stock and options. directly owns 0.25% of the company’s shares, worth $332.43K. The average tenure of the management team and the board of directors is 4.4 years and 2.8 years respectively.
Key information
Eric Dresselhuys
Chief executive officer
US$2.1m
Total compensation
| CEO salary percentage | 21.8% |
| CEO tenure | 3.2yrs |
| CEO ownership | 0.3% |
| Management average tenure | 4.4yrs |
| Board average tenure | 2.8yrs |
Recent management updates
Recent updates
Is ESS Tech, Inc. (NYSE:GWH) Potentially Undervalued?
Mar 15
ESS Tech: The Honeywell Honeymoon Was Brief
Feb 12Is ESS Tech (NYSE:GWH) In A Good Position To Deliver On Growth Plans?
Feb 08ESS Tech: Flush With Cash As Solar And Wind Energy Booms
Dec 11Is ESS Tech (NYSE:GWH) In A Good Position To Invest In Growth?
Nov 10ESS Tech Levels Up
Sep 27ESS Tech: Without More Transparency, Investors Left In A Lurch
Jul 10ESS Tech: A Very Big Battery In Germany
Jun 21ESS to fend off lawsuit stemming from Grizzly Research report
Jan 16ESS Tech: Q4 2022 Estimate And Questions For Management
Dec 18ESS Tech: Darling Of The Shorts Or Storage Panacea
Dec 09ESS Tech: Long-Duration Energy Storage Will Supercharge The Transition To Renewables
Sep 28ESS Tech names Vince Canino as operating chief
Aug 26ESS Tech: Speculative Buy As Green Energy Needs Storage To Be More Viable
Jan 13ESS Tech: The Blue Sky Energy Opportunity
Oct 14CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | US$2m | US$465k | -US$78m |
| Sep 30 2023 | n/a | n/a | -US$87m |
| Jun 30 2023 | n/a | n/a | -US$102m |
| Mar 31 2023 | n/a | n/a | -US$94m |
| Dec 31 2022 | US$4m | US$462k | -US$78m |
| Sep 30 2022 | n/a | n/a | -US$233m |
| Jun 30 2022 | n/a | n/a | -US$253m |
| Mar 31 2022 | n/a | n/a | -US$328m |
| Dec 31 2021 | US$12m | US$321k | -US$477m |
Compensation vs Market: Eric's total compensation ($USD2.13M) is above average for companies of similar size in the US market ($USD674.46K).
Compensation vs Earnings: Eric's compensation has been consistent with company performance over the past year.
CEO
Eric Dresselhuys (58 yo)
3.2yrs
Tenure
US$2,129,043
Compensation
Mr. Eric P. Dresselhuys has been the Chief Executive Officer of ESS Tech, Inc. (formerly known as ESS Inc.) since March 2021 and serves as its Director since May 2021. Mr. Dresselhuys serves as a Member of...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 3.2yrs | US$2.13m | 0.25% $ 332.4k | |
| Co-Founder & Advisor to CEO | no data | US$808.38k | 3.11% $ 4.1m | |
| Chief Financial Officer | 1.5yrs | US$852.26k | 0.073% $ 97.1k | |
| Co-Founder & CTO | 12.1yrs | US$434.80k | 1.37% $ 1.8m | |
| Vice President of Information & Business Systems | 5.6yrs | no data | no data | |
| Head of Investor Relations | no data | no data | no data | |
| Corporate Secretary & VP of Legal | no data | no data | no data | |
| Senior Vice President of Sales & Business Development | 6.4yrs | no data | no data | |
| Executive Vice President of Engineering | 2.3yrs | no data | no data |
4.4yrs
Average Tenure
50.5yo
Average Age
Experienced Management: GWH's management team is considered experienced (4.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 3yrs | US$2.13m | 0.25% $ 332.4k | |
| Independent Director | 1.3yrs | US$178.52k | 0.031% $ 41.1k | |
| Lead Independent Director | 8.9yrs | US$229.15k | 1.26% $ 1.7m | |
| Independent Director | 4.8yrs | US$210.57k | 0.021% $ 28.0k | |
| Chairman | less than a year | no data | 0.11% $ 151.2k | |
| Independent Director | 2.6yrs | US$219.98k | 0.022% $ 28.9k | |
| Independent Director | 4.6yrs | US$283.79k | 0.0072% $ 9.5k | |
| Independent Director | 1.1yrs | US$187.07k | no data |
2.8yrs
Average Tenure
54.5yo
Average Age
Experienced Board: GWH's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.