SolarEdge CEO and Founder Takes Leave of Absence

Nasdaq-listed solar energy company SolarEdge Technologies Inc. announced Thursday that CEO and founder Guy Sella has taken an immediate leave of absence due to a significant decline in his health. The company also announced the appointment of Zvi (Zivi) Lando as acting CEO. Lando has been on SolarEdge’s executive team since 2009.

Earlier this week, SolarEdge announced the appointment of Israeli tech entrepreneur Nadav Zafrir as co-chairman, in order to strengthen SolarEdge’s executive management in light of Sella’s “continued illness.” Zafrir is the CEO of Israeli cybersecurity think tank and startup foundry Team8 LLC.

Founded in 2006 and headquartered in central Israel, SolarEdge develops optimization, monitoring, and remote-control technologies for solar panels and systems, designed to increase the efficiency of solar energy conversion.