Monday, SolarEdge Technologies, Inc. (SEDG) announced the resignation of Zvi Lando as CEO and named Ronen Faier, who previously held the position of chief financial officer, as the interim chief executive officer, effective immediately.
The company has also commenced a search for a permanent CEO with the assistance of a global executive search firm.
Ronen Faier has been with SolarEdge since 2011, initially serving as CFO and later as General Manager of the SolarEdge Storage Division. Before joining SolarEdge, he was the Chief Financial Officer at modu Ltd, an Israeli private company.
In line with the previously announced CFO succession plan, Ariel Porat, who was the senior vice president of Finance, has been appointed as chief financial officer, effective today.
Ariel Porat brings over ten years of leadership and financial expertise across various industries and global corporations, having previously served as Head of the Europe Region for Siemens Energy.
In pre-market activity on the Nasdaq, the shares are trading at $30.84, up 7.19%.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.