SolarEdge Technologies has announced the death of its Founder, Co-Chairman and CEO Guy Sella on August 25, 2019, following an earlier announcement of him taking leave of absence due to ill-health. Three days before his death, the company appointed Zvi Lando as its acting CEO in Sella's absence (see SolarEdge Management Appoints Acting CEO).
Sella had admitted to be suffering from colon cancer in November 2017 which finally took a toll on him.
Announcing his death, SolarEdge management issued a note stating, "It is with a very heavy and sad heart that we notify of the passing of our dear friend and inspiration, Guy Sella. All of us who had the privilege to work with Guy and be witness to his unwavering drive and infinite levels of energy and passion for what he did know what a huge loss this is, not only to SolarEdge. Guy has left an incredible legacy and his spirit will live on forever in SolarEdge. The entire SolarEdge family mourns his loss. On behalf of our Board of Directors, management team and employees, we extend our deepest sympathies to Guy's family."
Sella founded SolarEdge in 2006. Based on a very innovative power optimiser / inverter concept he grew the Israel based company to a leading brand in the international solar PV inverter industry. Recently, the company diversified itself expanding beyond inverters to electric vehicles and energy storage, however, solar remains its core business. In Q2/2019, solar contributed the highest sales for the group with a record $307 million (see SolarEdge Q2/2019 YoY Revenues Jump Up 43%).
Before launching SolarEdge, Sella was a partner at a venture capital firm called Star Ventures. Qualified as a Bachelor of Science in engineering from Technion in Israel, Sella also worked with the Israel Defence Forces Intelligence Corps in the technology unit.
TaiyangNews wishes the best to Sella's grieving family and friends.
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