SolarEdge Technologies, Inc. announced the appointment of Ariel Porat as Senior Vice President, Finance. The appointment comes as part of a succession plan for the Chief Financial Officer role at the Company. Ronen Faier, who currently serves as the Company?s Chief Financial Officer, has notified the Board of Directors of his desire to step down from the Chief Financial Officer role.

Mr. Faier will continue to serve as the Company?s Chief Financial Officer for approximately three months at which time and upon the Board?s formal appointment, Mr. Porat is expected to assume the role of Chief Financial Officer of the Company. Mr. Faier is expected to remain with the Company to assist with the transition and work on other strategic projects. Mr. Porat joins SolarEdge with more than a decade of leadership and finance experience in various industries and global corporations, with his last position as Head of Europe Region for Siemens Energy,.

Prior to that position, Porat was CEO of Siemens Israel from 2021-2020, and prior to that served as the CFO of Siemens Israel from 2017-2020. Mr. Porat brings a wealth of experience and expertise from working for large multinational companies, such as TEVA Pharmaceutical, Siemens AG and Siemens Energy AG, and experience in the fields of Energy, Healthcare, Mobility and Industry. Porat holds an MBA from INSEAD in France and a Bachelor?s degree in Industrial Engineering & Management from Tel Aviv University.