Press release
SolarEdge Announces Leadership Transition Plan
Zvi Lando steps down as CEO, and Company initiates a search for new CEO Ronen Faier, previously Chief Financial Officer, appointed Interim CEO Ariel Porat,
About this update from Solaredge Technologies, Inc.
[{"type":"text","content":"\nZvi Lando steps down as CEO, and Company initiates a search for new CEO\n\n\nRonen Faier, previously Chief Financial Officer, appointed Interim CEO\n\n\nAriel Porat, Senior VP Finance, appointed CFO as part of the Company’s previously announced CFO Succession Plan\n\n\n MILPITAS, Calif.--(BUSINESS WIRE)--\nSolarEdge Technologies, Inc. (“SolarEdge”) (NASDAQ: SEDG), a global leader in smart energy technology, announced that Zvi Lando has stepped down as SolarEdge’s Chief Executive Officer. The Company's Board of Directors has initiated a search for a new CEO with the support of a leading global executive search firm, and has appointed Ronen Faier, previously Chief Financial Officer, to serve as Interim Chief Executive Officer, effective today. Zvi Lando will remain a member of the Board of Directors. He will also serve as an advisor to the management team to support the leadership transition.\n\n\nIn conjunction with this transition and as part of the Company’s CFO transition plan, the Board of Directors has appointed Ariel Porat, formerly the Company’s Senior Vice President of Finance, to serve as Chief Financial Officer, effective today.\n\n\n“On behalf of the Board, we are incredibly grateful for Zivi’s contributions as CEO over the past 5 years and for the 10 years prior as VP Global Sales,” said Nadav Zafrir, Chairman of the Board of Directors. “Zivi was instrumental in SolarEdge's growth into a world-class, global smart energy technology company. We are pleased that Zivi will remain a Board member and special advisor to the Company.”\n\n\n“Following many years of service as the Company’s CFO, I am honored to lead SolarEdge in this transition period,” said Ronen Faier. “I would also like to thank Zivi, on behalf of SolarEdge and its employees, for his countless contributions, years of leadership, dedication, and friendship.”\n\n\n“The road to a full recovery of SolarEdge is still ahead of us and to drive this recovery at a fast pace requires new energy and leadership,” said Lando. “As such, I have decided to resign from my position as CEO. I am confident the focus areas we have defined and the trajectory we are on will continue the improvement trend.”\n\n\nAbout Ronen Faier\n\n\nMr. Ronen Faier joined SolarEdge in 2011 as our Chief Financial Officer and served as the General Manager of the SolarEdge Storage Division between...