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Rick Wilmer

President and CEO at ChargePoint Holdings
Since November 16, 2023
Age
62 years
Education
Holds a Bachelor of Science in Chemistry from the University of California, Berkeley.
Tenure
Joined CHPT in July 2022 as Chief Customer and Operations Officer, was promoted to Chief Operating Officer in December 2022, and then appointed President and CEO on November 16, 2023.

Also at ChargePoint Holdings

AC
Ash Chowdappa
Chief Development Officer for Software
JS
Jagdeep Singh
Chief Customer Experience Officer (CCXO)
MK
Mansi Khetani
Chief Financial Officer (CFO)

About

Rick Wilmer brings over 30 years of experience in global technology, operations, and customer support, having worked across North America, Europe, and Asia. His career is marked by leadership roles that emphasized operational excellence and strategic planning, enabling him to drive efficiencies in manufacturing, supply chain management, and customer experience.

Prior to his time at CHPT, he served as CEO at several technology companies, including a prominent role at Chowbotics, where he led the company through significant transitions. His work in integrating innovative technology solutions at companies like DoorDash and Mojo Networks highlights his ability to adapt and lead in rapidly changing environments.

At CHPT, his impact includes a comprehensive evaluation of the company's supply chain and manufacturing partnerships, as well as orchestrating a strategic reorganization aimed at improving long-term sustainability. His initiatives, such as a workforce reduction intended to save approximately $33 million annually and a focus on achieving positive non-GAAP adjusted EBITDA, underscore a commitment to driving operational efficiency and growth.

$CHPT Performance Under Rick Wilmer

Past Roles

OrganizationRoleDate RangeDetails
ChargePoint (CHPT)Chief Operating OfficerDecember 2022 – November 2023Held role before promotion to President and CEO
ChargePoint (CHPT)Chief Customer and Operations OfficerJuly 2022 – December 2022Held role prior to appointment as President and CEO
DoorDash, Inc.Head of ChowboticsFebruary 2021 – July 2022Led the Chowbotics division
Chowbotics, Inc.Chief Executive OfficerSeptember 2019 – February 2021Oversaw fresh food robot manufacturing
Arista Networks, Inc.General Manager of Wi-Fi businessAugust 2018 – September 2019Post-acquisition role following Mojo Networks
Mojo Networks, Inc.Chief Executive OfficerDecember 2014 – August 2018Led cloud-managed wireless networking solutions

Fixed Compensation

Data from  FY 2024
Component NameAmountPayment ScheduleAdditional Details
Base Salary$625,000AnnuallyAnnual salary as CEO starting November 2023.
Non-Change in Control Termination$644,795One-time SeveranceCash severance payment without change in control conditions.
Change in Control Termination$3,971,947One-time SeveranceIncludes $1,904,692 cash severance and $2,067,255 equity acceleration upon change in control.

Performance Compensation

Data from  FY 2024

Performance-Based Restricted Stock Units (PRSUs)

Metric/DetailValue
Grant DateDecember 1, 2023
Grant Date Fair Value$1,359,552
Grant Date Stock Price$2.02 per share
Performance MetricStock price appreciation targets
Targets$5.00, $7.50, $10.00, $12.50 per share
Measurement Period90 consecutive trading days within a five-year period
Vesting ScheduleService-based quarterly vesting on March 20, June 20, September 20, and December 20
Additional DetailsFirst target represents nearly a 250% increase over the grant date price; extended measurement period after stockholder feedback.

2024 Bonus Program

Metric/DetailValue
MetricsAnnual Revenue and Adjusted EBITDA (each weighted 50%)
Thresholds for Bonus Eligibility90% of annual revenue and 95% of adjusted EBITDA targets
Bonus Target100% of base salary ($625,000)
Maximum Payout150% of the target bonus if exceeding goals (110% revenue & 120% adjusted EBITDA)
Actual Payout0% payout due to failure to meet minimum thresholds
Payment FormFully vested shares of ChargePoint common stock
Evaluation Period2024 performance year
Additional DetailsLinear interpolation used for performance between minimum and maximum goals; no vesting schedule applicable as no bonus was earned.