On June 5, 2024, Mr. Ronen Faier notified the Board of Directors (the ?Board?) of SolarEdge Technologies, Inc. (the ?Company?) of his intention to retire as Chief Financial Officer of the Company on a date to be agreed on between Mr. Faier and the Board following an approximately three-month transition period. On June 7, 2024, the Board appointed Mr. Ariel Porat as Senior Vice President, Finance of the Company, effective immediately. It is expected that Mr. Porat will succeed Mr. Faier as Chief Financial Officer of the Company following Mr. Faier?s retirement, subject to the Board?s final approval and appointment prior to Mr. Faier?s retirement.

Mr. Porat, 40, joins the Company from Siemens Energy, an energy company, where he served as the head of the Europe Region between April 2021 and April 2024. Prior to that position, Mr. Porat held the position of Chief Executive Officer of Siemens Israel between 2020 and 2021, and prior to that, between 2019 and 2020, he served as the Chief Financial Officer of Siemens Israel. Mr. Porat brings a wealth of experience and expertise from working for large multinational companies, such as TEVA Pharmaceutical, Siemens AG and Siemens Energy AG, and experience in the fields of Energy, Healthcare, Mobility and Industry.

Porat holds an MBA from INSEAD in France and a Bachelor?s degree in Industrial Engineering & Management from Tel Aviv University.