SolarEdge CFO Ronen Faier to retire; Ariel Porat hired as SVP Finance, expected successor

SOLAREDGE TECHNOLOGIES, INC.

Ronen Faier notified Board of retirement; will remain up to ~3 months as CFO to assist transition.
Ariel Porat appointed SVP Finance, expected to become CFO after Board approval; joins from Siemens Energy.
Porat compensation: monthly salary 155,000 NIS, target bonus 80% of salary, $1.4M RSUs vesting over 4 years.
Porat previously Head of Europe Region at Siemens Energy, CEO and CFO of Siemens Israel.
Faier served as CFO since December 2010, led company through IPO and public listing.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Ariel Porat

Senior Vice President, Finance

SEDG · SOLAREDGE TECHNOLOGIES, INC.

Effective: 2024-06-07
Filed: June 10, 2024, 7:59 PM ET

On June 7, 2024, the Board appointed Mr. Ariel Porat as Senior Vice President, Finance of the Company, effective immediately.

Departed

Ronen Faier

Chief Financial Officer

SEDG · SOLAREDGE TECHNOLOGIES, INC.

Successor: Ariel Porat
Filed: June 10, 2024, 7:59 PM ET

On June 5, 2024, Mr. Ronen Faier notified the Board of Directors (the “Board”) of SolarEdge Technologies, Inc. (the “Company”) of his intention to retire as Chief Financial Officer of SolarEdge Technologies, Inc. (the “Company”) on a date to be agreed on between Mr. Faier and the Board following an approximately three-month transition period.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Ariel Porat was appointed as Senior Vice President, Finance at SOLAREDGE TECHNOLOGIES, INC..

Action: appointed
Role: Senior Vice President, Finance

Exact text from the filing

On June 7, 2024, the Board appointed Mr. Ariel Porat as Senior Vice President, Finance of the Company, effective immediately.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Ronen Faier departed as Chief Financial Officer at SOLAREDGE TECHNOLOGIES, INC..

Action: intends to retire
Role: Chief Financial Officer

Exact text from the filing

On June 5, 2024, Mr. Ronen Faier notified the Board of Directors (the “Board”) of SolarEdge Technologies, Inc. (the “Company”) of his intention to retire as Chief Financial Officer of SolarEdge Technologies, Inc. (the “Company”) on a date to be agreed on between Mr. Faier and the Board following an approximately three-month transition period.

View on SEC.gov

SOLAREDGE TECHNOLOGIES, INC. filing history →

Source: SEC EDGAR

accession 0001178913-24-001978

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