Fervo Energy Management

Management criteria checks 2/4

Fervo Energy's CEO is Tim Latimer, appointed in Jan 2018, has a tenure of 8.33 years. total yearly compensation is $10.97M, comprised of 3.2% salary and 96.8% bonuses, including company stock and options. directly owns 2.22% of the company’s shares, worth $255.88M. The average tenure of the management team and the board of directors is 6.3 years and 1.7 years respectively.

Key information

Tim Latimer

Chief executive officer

US$11.0m

Total compensation

CEO salary percentage	3.19%
CEO tenure	8.3yrs
CEO ownership	2.2%
Management average tenure	6.3yrs
Board average tenure	1.7yrs

Recent management updates

No updates

Recent updates

Seeking Alpha • May 14

Fervo Energy: Energized From The Ground

Summary Fervo Energy surged 40% on IPO debut, reflecting investor enthusiasm for its scalable geothermal energy vision. Fervo boasts $7B in contracted revenue, 658MW under PPAs, and high-profile clients like Google, but has yet to commence commercial operations. Significant risks persist: no operational track record, large capital expenditures, technical and economic uncertainties, and concentrated project exposure. Despite compelling clean energy potential, conviction is tempered by execution risk and the need for proven durability and reliability. Read the full article on Seeking Alpha

CEO Compensation Analysis

How has Tim Latimer's remuneration changed compared to Fervo Energy's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2025	US$11m	US$350k	-US$71m

Compensation vs Market: Tim's total compensation ($USD10.97M) is about average for companies of similar size in the US market ($USD14.81M).

Compensation vs Earnings: Insufficient data to compare Tim's compensation with company performance.

CEO

Tim Latimer (35 yo)

8.3yrs

Tenure

US$10,967,149

Compensation

Mr. Timothy Michael Latimer, also known as Tim, is Co-Founder, Chairman, President and Treasurer of Fervo Energy Company and its Chief Executive Officer and Director since 2018. Mr. Latimer was Secretary o...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Timothy Latimer	Co-Founder	8.3yrs	US$10.97m	2.22% $ 255.9m
Jack Norbeck	Co-Founder & CTO	9.3yrs	US$2.30m	0.52% $ 60.4m
David Ulrey	Chief Financial officer	5.3yrs	US$2.68m	0% $ 0
Quinn Woodard	Vice President of Operations	no data	no data	0% $ 0
Gustavo Torres	Senior VP	3.3yrs	no data	0.050% $ 5.7m
Christian Gradl	Senior Vice President of GeoBlock Factory	no data	no data	0.0071% $ 818.0k
Dawn Owens	Senior VP and Head of Development & Commercial Markets	6.3yrs	no data	0% $ 0
Sarah Jewett	Senior Vice President of Strategy	6.3yrs	no data	0.13% $ 14.5m
Evan Mallah	Chief of Staff - Power Generation	no data	no data	no data
Melanie Martino	Controller	2.3yrs	no data	no data

6.3yrs

Average Tenure

37.5yo

Average Age

Experienced Management: FRVO's management team is seasoned and experienced (6.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Timothy Latimer	Co-Founder	8.3yrs	US$10.97m	2.22% $ 255.9m
Margaret Whitman	Lead Independent Director	less than a year	no data	no data
Anne Cleary	Independent Director	3.3yrs	no data	0% $ 0
Ion Yadigaroglu	Independent Director	5.3yrs	no data	no data
Richard Chow	Member of Technical Advisory Board	no data	no data	no data
Dave Watson	Member of Technical Advisory Board	no data	no data	no data
Jessica Uhl	Independent Director	less than a year	no data	no data
Doug Hollett	Member of Technical Advisory Board	no data	no data	no data
Roland Horne	Member of Technical Advisory Board	no data	no data	no data
Ernie Majer	Member of Technical Advisory Board	no data	no data	no data
Mark McClure	Member of Technical Advisory Board	no data	no data	no data
Robert Keehan	Independent Director	less than a year	no data	no data

1.7yrs

Average Tenure

58yo

Average Age

Experienced Board: FRVO's board of directors are not considered experienced ( 1.7 years average tenure), which suggests a new board.

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/05/15 21:54
End of Day Share Price	2026/05/15 00:00
Earnings	2025/12/31
Annual Earnings	2025/12/31

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	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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.

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 Github.

Analyst Sources

Fervo Energy Company is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.