SolarEdge Technologies announced that CEO Zvi Lando has resigned effective August 26, 2024. The Board has appointed CFO Ronen Faier as Interim CEO while initiating a search for a permanent CEO with support from a global executive search firm. Lando will remain on the Board of Directors and serve as a Special Advisor to the management team.As part of the planned succession, Ariel Porat, previously Senior VP of Finance, has been appointed as the new CFO. In connection with his Interim CEO role, Faier will receive a monthly salary of 216,000 NIS, a target bonus of 100% of base salary, 50,000 restricted stock units with one-year vesting, and 15,000 performance share units tied to stock price targets.Faier, 53, has served as CFO since 2011 and brings extensive experience from previous roles at Modu Ltd and M-Systems. Porat, 40, joined SolarEdge in June 2024 and previously held leadership positions at Siemens Energy, including Head of Europe Region and CEO of Siemens Israel.

SolarEdge Technologies announced that CEO Zvi Lando has resigned effective August 26, 2024. The Board has appointed CFO Ronen Faier as Interim CEO while initiating a search for a permanent CEO with support from a global executive search firm. Lando will remain on the Board of Directors and serve as a Special Advisor to the management team.As part of the planned succession, Ariel Porat, previously Senior VP of Finance, has been appointed as the new CFO. In connection with his Interim CEO role, Faier will receive a monthly salary of 216,000 NIS, a target bonus of 100% of base salary, 50,000 restricted stock units with one-year vesting, and 15,000 performance share units tied to stock price targets.Faier, 53, has served as CFO since 2011 and brings extensive experience from previous roles at Modu Ltd and M-Systems. Porat, 40, joined SolarEdge in June 2024 and previously held leadership positions at Siemens Energy, including Head of Europe Region and CEO of Siemens Israel.