SolarEdge Management Appoints Acting CEO

SolarEdge Founder, Co-Chairman & CEO Guy Sella Takes Leave Of Absence Effective Immediately Due To Health Reasons; Zvi Lando Appointed As Acting CEO
12:36 PM (Beijing Time) - 23. August 2019
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Guy Sella (left) has been forced to take a leave of absence from work due to health issues. Zvi Lando (right) will step in his shoes in the meantime as acting CEO of SolarEdge. (Photo Credit: SolarEdge Technologies, Inc.)

Key Takeaways

  • The management of SolarEdge has announced immediate leave of absence for its founder, co-chairman and CEO Guy Sella
  • In his absence, the inverter and storage company’s VP Global Sales Zvi Lando has been announced as the acting CEO
  • Lando has been working with SolarEdge since 2009 and worked with Applied Materials before joining SolarEdge

Suffering from health issues, SolarEdge Technologies Founder, Co-Chairman and CEO Guy Sella has taken a leave of absence from work effective immediately. Zvi Lando, the Israel-baed company’s vice president Global Sales, has been appointed as the acting CEO in Sella’s absence.

In a November 2017 regulatory filing, Sella shared he had been diagnosed with colon cancer and that the condition is treatable. Now, the management says his condition has declined significantly hence he has to take a leave to address his health issues.

Lando has been working with SolarEdge since 2009 when he joined as EVP Global Sales after working with Applied Materials in a senior level position.

As is well known, Lando has been a part of the executive management team since 2009, and has a proven track record on sales and execution,” said co-chairman Nadav Zafrir. “The circumstances of this appointment are very sad. Having said that, the Board of Directors is confident that he will continue to take the Company forward on its current path of growth and success.” Zafrir was recently brought on board as the company’s co-chairman and member of Board of Directors in the light of Sella’s illness. Zafrir was previously the co-founder and CEO of Team8, a thinktank in the space of cyber resilience and data science.

This appointment of Lando comes soon after SolarEdge added Uri Bechor as the company’s new chief operating officer (see SolarEdge Gets New Chief Operating Officer).

Anu Bhambhani

Anu Bhambhani is the Senior News Editor of TaiyangNews

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Anu Bhambhani