SolarEdge Announces New Vice President of Finance and CFO Transition Plan

SolarEdge Technologies, Inc., a global leader in smart energy technologies, announced the appointment of Ariel Porat as senior vice president of finance. This appointment is part of the succession plan for the position of financial director of the Company. Ronen Faier, who currently serves as the Company’s Chief Financial Officer, has notified the Board of Directors of his intention to step down as Chief Financial Officer. Mr. Faier will continue to serve as the Company’s Chief Financial Officer for approximately three months, after which Mr. Porat is expected to assume the role of the Company’s Chief Financial Officer following the formal appointment of the Board. Mr. Faier is expected to remain with the Company to assist with the transition and work on other strategic projects.

Mr. Faier assumed the position of Chief Financial Officer in December 2010 and is the Company’s longest-serving Chief Financial Officer. “Ronen played a key role in the SolarEdge family, helping guide the company through its IPO and first nine years as a public company, and spent many years building the Company’s financial backbone,” said Zvi Lando, CEO. “His contributions in leadership and as a colleague and friend have been an integral part of the SolarEdge culture. On behalf of our leadership team and the Board, we thank him for his unending dedication to the Company and its employees and are grateful that he will assist in the smooth transition of Ariel and the entire finance team.”

Mr. Porat joins SolarEdge with over a decade of leadership and finance experience across industries and global corporations, most recently serving as European Region Director at Siemens Energy. Prior to this position, Porat was CEO of Siemens Israel from 2020 to 2021 and previously served as CFO of Siemens Israel from 2017 to 2020.

Mr. Porat brings extensive experience and expertise from working for large international companies such as TEVA Pharmaceutical, Siemens AG and Siemens Energy AG, as well as experience in the areas of energy, healthcare, mobility and industry.

“We are very excited about Ariel joining SolarEdge,” said Lando. “He is an experienced executive with a proven track record at international companies focused on accelerating the energy transition, and we look forward to the contribution he will make to our company.”

Porat holds an MBA from INSEAD in France and a bachelor’s degree in industrial engineering and management from Tel Aviv University.

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