IPWR
Semiconductors · Technology
CEO, Board Member
2025-01-01–present
Board Member
Ideal Power Inc. (IPWR)Equibles does not estimate personal net worth.
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Get IPWR alertsDavid Somo is recorded as Board Member at Ideal Power Inc. (IPWR) since January 1, 2025 and CEO at Ideal Power Inc. (IPWR). The newest filing on record that lists David Somo as CEO and Board Member at Ideal Power Inc. (IPWR) is dated April 27, 2026. Ideal Power Inc. reported in an 8-K filed June 4, 2026 that David Somo was appointed director, effective June 3, 2026. Ideal Power Inc. reported in an 8-K filed November 3, 2025 that David Somo was appointed member of the Board, effective November 3, 2025. Ideal Power Inc. reported in an 8-K filed November 3, 2025 that David Somo was appointed President and Chief Executive Officer, effective November 3, 2025. The proxy statement of Ideal Power Inc. reports total compensation of $2,160,767 for David Somo in fiscal 2025, including a base salary of $57,212. David Somo has spoken on 4 earnings calls and 1 other investor event across 1 company, most recently for Ideal Power Inc. on September 15, 2026. Ideal Power Inc. is classified in the Semiconductors industry within the Technology sector. Other leadership on record at Ideal Power Inc. includes Timothy W. Burns (CFO), Drue Freeman (Board Member), Greg Knight (Board Member) and 4 others.
“Election of five directors to serve until the 2027 annual meeting of stockholders and until their respective successors are elected and qualified.”
“On October 31, 2025, the Board appointed David Somo as the President and Chief Executive Officer of the Company and as a member of the Board, each effective November 3, 2025.”
“To start off with, I'd like to quickly introduce who's on the call with you today. In addition to myself, we have Tim Burns, our Chief Financial Officer.”
“I'll begin with an update on our commercial progress from the start of the second quarter. Then Tim will review our financial results, and after our remarks, we look forward to your questions.”
“Afterward, I'll turn things over to Tim to discuss our financial results. We look forward to your questions after our remarks.”
“As you know, we laid out our strategy, commercial opportunities, priorities, and expectations on our recent Business Update webcast call. It's a plan designed to accelerate commercialization and deliver increased value to our shareholders and our customers.”
“I couldn't be more excited to join you today for my first Ideal Power results conference call. As many of you know, my new role was announced last week. That said, I want to touch on a few things before handing the call over to Tim Burns.”
2025-01-01–present
Last confirmed April 27, 2026
Start not stated–present
Last confirmed April 27, 2026
IPWR
Semiconductors · Technology
CEO, Board Member
2025-01-01–present
Compensation components disclosed in company proxy statements. Amounts are nominal USD; total is the company-reported figure.
| Fiscal year | Company | Role | Salary | Total |
|---|---|---|---|---|
| 2025 | Ideal Power Inc. (IPWR) | President and Chief Executive Officer | $57,212 | $2,160,767 |