Eric Luo
About Eric Luo
Independent director at SES since February 2022; age 59 (as of August 1, 2025). Previously Chairman & CEO at GCL System Integration Limited/GCL New Energy USA (2017–2021) and CEO/Board Member at Shunfeng International Clean Energy Limited (2015–2017). Education: MBA, Michigan State University; BS in Operational Management, Zhejiang Gongshang University .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| GCL System Integration Limited / GCL New Energy USA | Chairman & CEO | 2017–2021 | Led clean/sustainable energy operations |
| Shunfeng International Clean Energy Limited (SFCE) | CEO & Board Member | 2015–2017 | Led low‑carbon/energy‑saving solutions |
External Roles
No current external public company directorships disclosed for Luo in SES filings .
Board Governance
- Independence: Board affirmatively determined Luo is independent under NYSE rules; “independent” for Audit and Compensation committees .
- Committee assignments: Audit Committee Chair; member—Compensation, Nominating & Corporate Governance, and Strategic Investment & Partnership Committees . Audit Committee meets financial literacy standards; Luo designated “audit committee financial expert” under Item 407(d) of Regulation S‑K .
- Attendance/engagement: FY2024—Board 5 mtgs; Audit 7; Compensation 4; Nominating 3; Strategic Investment 1; no incumbent director below 75% attendance. FY2023 likewise, with the only <75% exception being Dr. Choi due to illness (not Luo) .
- Lead Independent Director and executive sessions: Dr. Ma serves as Lead Director; Board and committees meet in regular executive session without management .
- Controlled company status: SES is a controlled company under NYSE rules; maintains majority independent Board and fully independent Audit Committee despite exemption .
Fixed Compensation
| Component | Amount | Notes |
|---|---|---|
| Annual cash retainer | $50,000 | Standard non‑employee director retainer |
| Audit Committee Chair fee | $22,500 | Chair supplement |
| Compensation Committee member fee | $7,500 | Non‑chair member |
| Nominating & Corporate Governance member fee | $5,000 | Non‑chair member |
| Cash paid (FY2024) | $85,000 | Sum of retainer + committee supplements |
| Equity award (FY2024) | $163,983 | RSUs grant date fair value |
| RSUs outstanding (12/31/2024) | 127,119 | Granted 2/6/2024; one‑year cliff vest |
| Director equity program | Initial $320,000 RSUs; annual $160,000 RSUs | One‑year cliff vest; service‑based |
Performance Compensation
| Program | Metric | Target | Outcome/Payout |
|---|---|---|---|
| Non‑employee director equity | Time‑based RSUs | Service through 1‑year anniversary | Vests in full after one year; no performance metrics |
Other Directorships & Interlocks
| Company/Entity | Type | Role | Tenure | Potential Interlock/Conflict |
|---|---|---|---|---|
| GCL System Integration Limited / GCL New Energy USA | Energy | Chairman & CEO | 2017–2021 | None disclosed with SES |
| Shunfeng International Clean Energy Limited (SFCE) | Energy | CEO & Board Member | 2015–2017 | None disclosed with SES |
Expertise & Qualifications
- Clean energy operations leadership and international energy sector expertise .
- Financial oversight: designated audit committee financial expert; deep familiarity with audit/risk oversight .
- Education: MBA (Michigan State), BS Operational Management (Zhejiang Gongshang) .
Equity Ownership
| Item | Value | Notes |
|---|---|---|
| Beneficial ownership (Class A) | 223,400 shares | <1% of outstanding; as of Aug 25, 2025 |
| RSUs unvested (12/31/2024) | 127,119 | Granted 2/6/2024; vest one‑year from grant |
| Hedging/Pledging | Prohibited by policy (limited exceptions) | Applies to directors; no pledging disclosed |
| Director ownership guideline | 5x annual cash retainer | Compliance required within 5 years; directors met or within grace period as of Aug 25, 2025 |
Governance Assessment
- Strengths: Independent Audit Chair with “financial expert” designation; multi‑committee service; consistent attendance; robust hedging/pledging prohibition; director ownership requirements promote alignment .
- Structure mitigants: Despite controlled company status, SES maintains majority independent Board and fully independent Audit Committee; Compensation Committee fully independent and uses Mercer (independence assessed, no conflicts) .
- Related‑party exposure: No Luo‑specific related‑party transactions disclosed; Audit Committee oversees related‑party approvals. GM Ventures nomination rights terminated 10/29/2024; GM no longer a related party thereafter .
- Attendance signal: No <75% attendance for Luo across FY2023–FY2024; indicates engagement .
RED FLAGS: None specific to Eric Luo disclosed in SES filings (no related‑party transactions, no pledging/hedging, strong attendance) .