Shlomi Argas to step down as President of Ormat Technologies, remain as senior consultant

ORMAT TECHNOLOGIES, INC.

Shlomi Argas to transition out of President and Head of Operations and Products role effective July 1, 2023.
Argas will remain employed as senior consultant supporting strategic, sales, business development, and operational efforts.
Decision part of longer-term personal retirement plan; not due to any disagreement with Company.
New compensation arrangements for consultant role to be finalized and disclosed later.

item 5.02

Executive movements

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Role change

Shlomi Argas

President and Head of Operations and Products

ORA · ORMAT TECHNOLOGIES, INC.

Effective: 2023-07-01
Filed: February 27, 2023, 6:59 PM ET

On February 22, 2023, Shlomi Argas notified Ormat Technologies, Inc. (the “Company”) of his intent to transition out of his role as President and Head of Operations and Products of the Company, effective July 1, 2023.

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Executive change SEC 8-K Item 5.02 confidence 0.95

Shlomi Argas changed role as President and Head of Operations and Products at ORMAT TECHNOLOGIES, INC..

Action: transitioned
Role: President and Head of Operations and Products

Exact text from the filing

On February 22, 2023, Shlomi Argas notified Ormat Technologies, Inc. (the “Company”) of his intent to transition out of his role as President and Head of Operations and Products of the Company, effective July 1, 2023.

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ORMAT TECHNOLOGIES, INC. filing history →

Source: SEC EDGAR

accession 0001437749-23-004641

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