ESS Tech Management
Management criteria checks 3/4
ESS Tech's CEO is Eric Dresselhuys, appointed in Mar 2021, has a tenure of 3.75 years. total yearly compensation is $2.13M, comprised of 21.8% salary and 78.2% bonuses, including company stock and options. directly owns 1.52% of the company’s shares, worth $1.17M. The average tenure of the management team and the board of directors is 3.3 years and 3.4 years respectively.
Key information
Eric Dresselhuys
Chief executive officer
US$2.1m
Total compensation
| CEO salary percentage | 21.8% |
| CEO tenure | 3.8yrs |
| CEO ownership | 1.5% |
| Management average tenure | 3.3yrs |
| Board average tenure | 3.4yrs |
Recent management updates
Recent updates
ESS Tech Is A High-Risk Investment That May Reward A Patient Investor
Nov 19Here's Why We're Watching ESS Tech's (NYSE:GWH) Cash Burn Situation
Jun 26
A Look At The Intrinsic Value Of ESS Tech, Inc. (NYSE:GWH)
May 03Is ESS Tech, Inc. (NYSE:GWH) Potentially Undervalued?
Mar 15ESS 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 |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | -US$79m |
| Jun 30 2024 | n/a | n/a | -US$73m |
| Mar 31 2024 | n/a | n/a | -US$74m |
| 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 ($USD646.54K).
Compensation vs Earnings: Eric's compensation has been consistent with company performance over the past year.
CEO
Eric Dresselhuys (59 yo)
3.8yrs
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 | 3.8yrs | US$2.13m | 1.52% $ 1.2m | |
| Chief Financial Officer | 2.1yrs | US$852.26k | 0.10% $ 76.7k | |
| Chief Information Officer | 6.2yrs | 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 | 7yrs | no data | no data | |
| Executive Vice President of Engineering | 2.9yrs | no data | no data | |
| Senior Vice President of Supply Chain | less than a year | no data | no data |
3.3yrs
Average Tenure
Experienced Management: GWH's management team is considered experienced (3.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 3.6yrs | US$2.13m | 1.52% $ 1.2m | |
| Independent Director | 1.9yrs | US$213.76k | 0.11% $ 81.8k | |
| Lead Independent Director | 9.5yrs | US$229.15k | 1.17% $ 903.0k | |
| Independent Director | 5.3yrs | US$210.57k | 0.099% $ 75.8k | |
| Chairman | 1.3yrs | US$491.07k | 0.17% $ 129.4k | |
| Independent Director | 3.2yrs | US$219.98k | 0.097% $ 74.9k | |
| Independent Director | 5.2yrs | US$283.79k | 0.0070% $ 5.4k | |
| Independent Director | 1.7yrs | US$187.07k | 0.017% $ 13.1k |
3.4yrs
Average Tenure
55.5yo
Average Age
Experienced Board: GWH's board of directors are considered experienced (3.4 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/30 06:58 |
| End of Day Share Price | 2024/12/30 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
ESS Tech, Inc. is covered by 11 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| George Gianarikas | Baird |
| Benjamin Kallo | Baird |
| Jonathan Dorsheimer | Canaccord Genuity |