Nuvve subsidiary appoints Ted Smith CEO; $250k base salary, 2.5% equity grants

Nuvve Holding Corp.

Ted Smith, Nuvve Holding's President/COO, named CEO of Nuvve New Mexico LLC, effective March 18, 2025.
Initial base salary $250,000, with step-ups to $500,000 upon revenue milestones from $1M to $5M.
Target annual bonus of 100% of base salary plus discretionary bonus up to $75,000 per year.
One-time equity awards: 2.5% each of subsidiary's Class A and Class B Units.
Severance: 12 months base salary (without cause) or 3x base if terminated within 12 months after change in control.

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