SolarEdge CEO Zvi Lando resigns; CFO Ronen Faier appointed interim CEO; Ariel Porat new CFO

SOLAREDGE TECHNOLOGIES, INC.

Zvi Lando resigned as CEO effective Aug 26, 2024; will remain on board as special advisor.
Ronen Faier, former CFO, appointed interim CEO; compensation includes monthly salary of 216,000 NIS, RSUs, and PSUs.
Ariel Porat appointed CFO, effective Aug 26, 2024; previously SVP Finance since June 2024.
Board initiated search for permanent CEO with support of global executive search firm; Lando cited need for "new energy" to speed recovery.

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.

Role change (interim)

Ronen Faier

Interim Chief Executive Officer

SEDG · SOLAREDGE TECHNOLOGIES, INC.

Effective: 2024-08-26
Filed: August 26, 2024, 7:59 PM ET

the Board appointed Ronen Faier, who served as the Company’s Chief Financial Officer prior to such appointment, as the Company’s interim Chief Executive Officer (“Interim CEO”), effective as of the Effective Date.

Departed

Zvi Lando

Chief Executive Officer

SEDG · SOLAREDGE TECHNOLOGIES, INC.

Effective: 2024-08-26
Successor: Ronen Faier
Filed: August 26, 2024, 7:59 PM ET

On August 23, 2024, Mr. Zvi Lando notified the Board of Directors (the “Board”) of SolarEdge Technologies, Inc. (the “Company”) of his resignation from the role of Chief Executive Officer of the Company (“CEO”), effective as of August 26, 2024 (the “Effective Date”).

Appointed

Ariel Porat

Chief Financial Officer

SEDG · SOLAREDGE TECHNOLOGIES, INC.

Effective: 2024-08-26
Filed: August 26, 2024, 7:59 PM ET

the Board also appointed Mr. Ariel Porat to succeed Mr. Faier as the Company’s Chief Financial Officer, effective as of the Effective Date.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Ronen Faier was appointed as Interim Chief Executive Officer at SOLAREDGE TECHNOLOGIES, INC..

Action: appointed
Role: Interim Chief Executive Officer

Exact text from the filing

the Board appointed Ronen Faier, who served as the Company’s Chief Financial Officer prior to such appointment, as the Company’s interim Chief Executive Officer (“Interim CEO”), effective as of the Effective Date.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Zvi Lando resigned as Chief Executive Officer at SOLAREDGE TECHNOLOGIES, INC..

Action: resigned
Role: Chief Executive Officer

Exact text from the filing

On August 23, 2024, Mr. Zvi Lando notified the Board of Directors (the “Board”) of SolarEdge Technologies, Inc. (the “Company”) of his resignation from the role of Chief Executive Officer of the Company (“CEO”), effective as of August 26, 2024 (the “Effective Date”).

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Ariel Porat was appointed as Chief Financial Officer at SOLAREDGE TECHNOLOGIES, INC..

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

the Board also appointed Mr. Ariel Porat to succeed Mr. Faier as the Company’s Chief Financial Officer, effective as of the Effective Date.

View on SEC.gov

SOLAREDGE TECHNOLOGIES, INC. filing history →

Source: SEC EDGAR

accession 0001178913-24-002764

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