Energy Vault Holdings Management
Management criteria checks 2/4
Energy Vault Holdings' CEO is Rob Piconi, appointed in Feb 2022, has a tenure of 2.17 years. total yearly compensation is $4.26M, comprised of 19% salary and 81% bonuses, including company stock and options. directly owns 11.21% of the company’s shares, worth $20.88M. The average tenure of the management team and the board of directors is 2.3 years and 2.2 years respectively.
Key information
Rob Piconi
Chief executive officer
US$4.3m
Total compensation
| CEO salary percentage | 19.0% |
| CEO tenure | 2.2yrs |
| CEO ownership | 11.2% |
| Management average tenure | 2.3yrs |
| Board average tenure | 2.2yrs |
Recent management updates
Recent updates
Analysts Are More Bearish On Energy Vault Holdings, Inc. (NYSE:NRGV) Than They Used To Be
Apr 04
Energy Vault Holdings, Inc. (NYSE:NRGV) Might Not Be As Mispriced As It Looks
Mar 09Companies Like Energy Vault Holdings (NYSE:NRGV) Could Be Quite Risky
Feb 06Energy Vault: Why The Continued Dip Of The Commons?
Feb 01Energy Vault Keeps Delivering
Nov 24Energy Vault Holdings, Inc.'s (NYSE:NRGV) Shares Leap 31% Yet They're Still Not Telling The Full Story
Nov 09Will Energy Vault Holdings (NYSE:NRGV) Spend Its Cash Wisely?
Nov 05Energy Vault: A Crucial Second Half Of The Year
Sep 25We're Keeping An Eye On Energy Vault Holdings' (NYSE:NRGV) Cash Burn Rate
Jul 04Energy Vault And Long Term Energy Storage
Jun 27Energy Vault: Primed For A Recovery As The Climate Economy Booms
Jun 11News Flash: 6 Analysts Think Energy Vault Holdings, Inc. (NYSE:NRGV) Earnings Are Under Threat
Mar 16Energy Vault Holdings, Inc. (NYSE:NRGV) Just Reported And Analysts Have Been Cutting Their Estimates
Mar 10Energy Vault gains on raising Q4 and FY22 revenue guidance
Jan 18We're Not Very Worried About Energy Vault Holdings' (NYSE:NRGV) Cash Burn Rate
Jan 12Energy Vault: An Interesting Bet On Gravity-Based Energy Storage
Dec 19Energy Vault to deploy 440MWh energy storage system in Nevada
Dec 12Energy Vault Holdings GAAP EPS of -$0.21 misses by $0.07, revenue of $1.69M
Nov 14Energy Vault Holdings names van Gaalen as permanent CFO
Nov 08Here's Why We're Not Too Worried About Energy Vault Holdings' (NYSE:NRGV) Cash Burn Situation
Oct 03Analysts Just Slashed Their Energy Vault Holdings, Inc. (NYSE:NRGV) EPS Numbers
Aug 11Energy Vault Holdings reports Q2 mixed earnings; sees FY22 revenue below estimates
Aug 08Companies Like Energy Vault Holdings (NYSE:NRGV) Can Afford To Invest In Growth
Jul 02CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | US$4m | US$808k | -US$98m |
| Sep 30 2023 | n/a | n/a | -US$100m |
| Jun 30 2023 | n/a | n/a | -US$109m |
| Mar 31 2023 | n/a | n/a | -US$89m |
| Dec 31 2022 | US$22m | US$710k | -US$78m |
| Sep 30 2022 | n/a | n/a | -US$68m |
| Jun 30 2022 | n/a | n/a | -US$45m |
| Mar 31 2022 | n/a | n/a | -US$37m |
| Dec 31 2021 | US$5m | US$515k | -US$31m |
| Sep 30 2021 | n/a | n/a | -US$29m |
| Jun 30 2021 | n/a | n/a | -US$31m |
| Mar 31 2021 | n/a | n/a | -US$36m |
| Dec 31 2020 | US$384k | US$340k | -US$24m |
Compensation vs Market: Rob's total compensation ($USD4.26M) is above average for companies of similar size in the US market ($USD1.62M).
Compensation vs Earnings: Rob's compensation has been consistent with company performance over the past year.
CEO
Rob Piconi (52 yo)
2.2yrs
Tenure
US$4,257,235
Compensation
Mr. Robert Allen Piconi, also known as Rob, co-founded Energy Vault Holdings, Inc. and serves as Chairman, Chief Executive Officer since February 11, 2022. He also serves as Director of Energy Vault Holdin...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 2.2yrs | US$4.26m | 11.21% $ 20.9m | |
| Co-Founder & Independent Director | no data | US$161.66k | 3.13% $ 5.8m | |
| Chief Engineering Officer of Energy Vault Solutions | 2.5yrs | US$1.39m | 0.68% $ 1.3m | |
| Co-Founder & Chief Technology Officer | 2.3yrs | US$2.14m | 1.34% $ 2.5m | |
| Chief Financial Officer | no data | no data | no data | |
| Chief Operating Officer | 2.3yrs | no data | 0.49% $ 921.5k | |
| Chief Information Officer & VP of Software Enablement | 2.6yrs | no data | no data | |
| Chief Marketing Officer & Investor Relations | 2.3yrs | no data | 0.61% $ 1.1m | |
| Chief Legal Officer & Secretary | 1.9yrs | US$7.60m | 0.12% $ 219.2k | |
| Senior Vice President of Corporate Development | 2yrs | no data | no data | |
| Chief People Officer | 2.3yrs | no data | 0.38% $ 711.5k | |
| Chief Commercial & Product Officer | 4.5yrs | US$8.38m | 0.52% $ 963.7k |
2.3yrs
Average Tenure
49.5yo
Average Age
Experienced Management: NRGV's management team is considered experienced (2.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 7.3yrs | US$4.26m | 11.21% $ 20.9m | |
| Co-Founder & Independent Director | 7.3yrs | US$161.66k | 3.13% $ 5.8m | |
| Independent Director | less than a year | no data | no data | |
| Independent Director | 1.2yrs | US$248.32k | 0.019% $ 35.7k | |
| Lead Independent Director | 3.3yrs | US$174.66k | 0.49% $ 914.4k | |
| Independent Director | 2.2yrs | US$174.66k | 0.010% $ 19.5k | |
| Independent Director | 2.2yrs | US$174.66k | 0.010% $ 19.5k | |
| Member of Strategic Advisory Board | 2.2yrs | no data | no data |
2.2yrs
Average Tenure
62yo
Average Age
Experienced Board: NRGV's board of directors are not considered experienced ( 2.2 years average tenure), which suggests a new board.