MILPITAS, Calif. & HERZLIYA, Israel- Dec. 5, 2024– SolarEdge Technologies, a global leader in smart energy technology, today announced the appointment of Mr. Shuki Nir as the Company’s new Chief Executive Officer (CEO), effective immediately. Mr. Nir, who has served as SolarEdge’s CMO since June 2024, will succeed Mr. Ronen Faier, who has served as the Company’s Interim CEO since August 2024. Mr. Faier will stay on with the Company as an advisor during a transition period to ensure a seamless leadership transition. Mr. Nir is also replacing Mr. Zivi Lando as a member of the Board of Directors.

Mr. Nir is a proven leader within the technology sector, with nearly three decades of experience in leadership roles at multinational technology companies. He was the General Manager of the consumer business at SanDisk (NASDAQ: SNDK), where he led the strategic transformation and turnaround of a loss-making division into a profitable global market leader. His extensive tenure includes strategic consulting for multinational corporations and serving on several boards, including IronSource (NYSE: IS) and Kornit Digital (NASDAQ: KRNT). Mr. Nir holds an MBA, an LLB and BA in accounting from Tel Aviv University.

“SolarEdge is gaining an accomplished and proven leader in Shuki, and I am delighted to announce him as our new CEO,” said Mr. Avery More, Chairman of the Board. “Following a rigorous global search and evaluating several outstanding external and internal candidates, Shuki stood out for his exceptional leadership, operational expertise, and ability to build high-performing teams. Having served as CMO, he already understands our operations, values, and strategic goals. We believe Shuki is the right candidate to lead SolarEdge into its next phase of growth.

Mr. More continued: “On behalf of the Board, I would like to take this opportunity to express how grateful we are for Ronen’s contributions as Interim CEO and for his many years of service as the Company’s CFO. We are pleased that Ronen will remain with the Company as an advisor during a transition period to ensure a seamless transition.”

“I am honored to take on the opportunity to lead SolarEdge at such a crucial time for the Company and the industry”, said Mr. Nir. “The SolarEdge mission, to develop and scale renewable energy technologies that improve the way we generate, store, manage and use electrical power in every aspect of our lives, is truly inspiring. With our leading technological capabilities, best-in-class product lineup and extraordinarily talented team, I believe we have all the key ingredients to strengthen our market position and continue to deliver value to our customers, employees and shareholders.”

“The opportunities that lie ahead of the Company are exciting,” said Mr. Faier, Interim CEO. “Now is the time to transition to a new generation of leadership to drive SolarEdge’s next stage of growth. I could not be happier to welcome Shuki as SolarEdge’s next CEO; I believe he has the passion, the drive, and the vision that make him the right person to lead SolarEdge forward.”