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Net Power Announces Leadership Changes

1. Net Power's COO and CFO are leaving; new COO appointed immediately.

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FAQ

Why Bearish?

Leadership changes can create uncertainty, impacting investor confidence, historically visible during management transitions.

How important is it?

The changes in leadership directly impact management's strategic direction, potentially influencing NPWR's future performance.

Why Short Term?

Immediate leadership changes often cause short-term market reactions affecting stock prices.

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DURHAM, N.C.--(BUSINESS WIRE)--Net Power Inc. (NYSE: NPWR) (“Net Power” or the “Company”) today announced that Brian Allen, President and Chief Operating Officer, and Akash Patel, Chief Financial Officer, will no longer serve in their roles with the Company. Both Mr. Allen and Mr. Patel have been relieved of their day-to-day responsibilities and will officially depart the Company on May 1, 2025. The Company has appointed Marc Horstman as Chief Operating Officer, effective immediately. Mr. Horst.

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