NET Power names Ned Shuman as CFO, ending interim arrangement with CEO Daniel Rice

Filed April 13, 2026 · Period ending April 10, 2026 · ~1 min read

Key Changes

• high

  NET Power appointed Ned Leland Shuman as CFO effective April 13, 2026, replacing CEO Daniel J. Rice IV who had been serving in both roles on an interim basis. Rice continues as CEO.

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• medium

  Shuman brings 25+ years of power-sector finance experience, most recently as Head of Power Finance at Javelin Global Commodities. Previously led $1.6B+ in financings as CFO of WattBridge Energy.

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• low

  Compensation package includes $420K base salary, 60% annual bonus target, 180% equity award target, $800K RSU grant vesting over three years, and $100K signing bonus.

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