SolarEdge Technologies (SEDG) has issued an announcement.
SolarEdge Technologies, Inc. is undergoing a significant transition as Mr. Ronen Faier announced his retirement as CFO, with a planned departure following a three-month transition period. The company has appointed Mr. Ariel Porat, a seasoned executive from Siemens Energy, as Senior Vice President, Finance and his anticipated promotion to CFO is subject to board approval. Mr. Porat’s compensation package includes a competitive salary, bonus, stock options, and additional benefits. This leadership change, aimed at ensuring a smooth transition and continued financial stewardship, was made public through a recent press release.
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