Lance Moll
About Lance Moll
Lance Moll, age 55, is a veteran logistics executive with more than 33 years at FedEx, culminating as President and CEO of FedEx Freight, where he led over 40,000 employees and drove record growth; under his leadership, FedEx Freight’s revenue rose 30% and operating income nearly tripled . He was appointed to OPAL Fuels’ Board of Directors effective October 1, 2025, as a non‑employee director and will be compensated under OPAL’s director compensation policy .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| FedEx Freight (FedEx Corp.) | President & CEO | Not disclosed; FedEx tenure 33+ years | Led operations for >40,000 employees; revenue +30%, operating income nearly tripled |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Arkansas Trucking Association | Board member | Not disclosed | Industry association governance experience |
| American Trucking Associations (ATA) Trucking Cares Foundation | Board member | Not disclosed | Industry foundation board service |
| Southern Reins Center for Equine Therapy | Board member | Not disclosed | Nonprofit governance |
| U.S. Chamber of Commerce Foundation | Board member | Not disclosed | National business foundation governance |
Board Governance
- Appointment: Joined OPAL Fuels Board effective October 1, 2025 .
- Independence framework: OPAL is a “controlled company” under Nasdaq rules and may utilize exemptions from majority‑independent board and fully independent compensation/nomination committees . In 2024/2025, OPAL determined specific directors as independent; committee rosters are disclosed for Audit and Compensation (see below), but Moll’s committee assignments were not disclosed at appointment .
- Board and committee activity (company‑wide): Board held 10 meetings and met in executive session five times in 2024; each director (then serving) attended ≥75% of meetings/committees during service in 2024 . Audit Committee met 4 times in 2024; Compensation Committee met 5 times (two written consents) .
- Committee composition (as of 2025 proxy): Audit Committee—Ashok Vemuri (Chair; audit committee financial expert), James Martell, with Scott Dols to join after the 2025 annual meeting; all members independent . Compensation Committee—Mark Comora, Nadeem Nisar (both non‑independent), and Ashok Vemuri (independent) .
- Anti‑hedging/pledging: Company prohibits short sales, hedging, derivatives trading, and pledging by directors and executive officers; pre‑clearance and trading windows required .
Fixed Compensation
| Component | Amount/Structure | Vesting/Timing | Notes |
|---|---|---|---|
| Annual cash retainer (director) | $60,000 | Annual | Standard for non‑employee directors |
| Committee membership fees | $10,000 per committee; $15,000 for Audit Committee | Annual | Additional $5,000 if chairing a committee |
| Annual equity grant (RSUs) | $130,000 grant value divided by FMV on grant date | Time‑based; typically 100% vesting at next March 31 or per plan | 2025 policy specifies $130,000 RSUs; 2024 grants were $135,000 RSUs to each director |
| Initial pro‑rata RSU (Moll) | $67,500 RSUs based on 10/1/2025 close price | Cliff vests 10/1/2026 | Prorated from $135,000 annual award for service from 10/1/2025 to 3/31/2026 |
Performance Compensation
OPAL’s director pay does not include performance‑based equity (e.g., PSUs) or cash metrics; director equity is time‑based RSUs. Performance metric structures disclosed in proxies apply to executives (NEOs), not directors .
| Metric | Weight | Threshold | Target | Maximum |
|---|---|---|---|---|
| Not applicable for directors | – | – | – | – |
Other Directorships & Interlocks
- Public company boards: None disclosed for Moll in OPAL filings or appointment materials .
- Industry/nonprofit boards: Arkansas Trucking Association; ATA Trucking Cares Foundation; Southern Reins Center for Equine Therapy; U.S. Chamber of Commerce Foundation .
- Interlocks/conflicts: At appointment, OPAL disclosed no related‑party transactions with Moll requiring Item 404(a) disclosure .
Expertise & Qualifications
- Core credentials: Senior leadership across operations, sales, transportation, fleet maintenance, facilities, and safety; advocates RNG/CNG adoption in heavy‑duty transport for cost stability and scalability .
- Sector fit: Deep trucking/logistics domain expertise aligned with OPAL’s RNG distribution to heavy‑duty fleets .
Equity Ownership
| Item | Detail |
|---|---|
| Beneficial ownership at appointment | Form 3 filed 10/02/2025 indicates “No securities are beneficially owned.” |
| New director RSU award | $67,500 RSUs; cliff vest 10/01/2026 |
| Pledging/hedging | Company policy prohibits pledging and hedging by directors |
Insider Filings
| Date | Form | Key Disclosure | Link |
|---|---|---|---|
| 10/02/2025 | Form 3 | Initial statement: No securities beneficially owned |
Governance Assessment
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Positives:
- No related‑party transactions for Moll at appointment; selection not pursuant to any arrangements or understandings .
- Equity retainer aligns director incentives with shareholders via annual RSUs; standard, time‑based vesting clarifies retention rather than short‑term pay .
- Strong anti‑hedging/anti‑pledging policy for directors and executives supports alignment and risk control .
- Moll’s trucking/logistics expertise is directly relevant to OPAL’s RNG fuel strategy for Class 8 fleets .
-
Watch‑items/Red Flags (structural):
- Controlled company status: OPAL may rely on governance exemptions; board and compensation committee need not be majority independent, which can reduce minority shareholder protections .
- Family relationship at top: Chairman Mark Comora is father of Co‑CEO Adam Comora; concentration of voting power (via OPAL Holdco and Hillman) indicates high control and potential conflicts to monitor (e.g., related‑party services and agreements) .
- Committee independence mix: Compensation Committee includes non‑independent members; ongoing oversight quality depends on robust processes and consultant independence (Korn Ferry assessed as independent) .
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Net view: Moll’s appointment adds operational depth and external industry perspective without disclosed conflicts; however, OPAL’s controlled company structure and existing related‑party arrangements elsewhere on the board warrant continued scrutiny of committee decisions, director independence, and transaction reviews .
Document Citations
- Appointment and compensation terms:
- Board meetings, independence, committee rosters:
- Director compensation policy and grants:
- Anti‑hedging/pledging policy:
- Ownership concentration and family relationship:
- Related‑party agreements (context for board conflicts): CoStar IT services; Administrative Services with FS2; Hillman restructuring
- Form 3 (Moll):