SolarEdge CEO steps down to aid company’s ‘full recovery’

Facebook
Twitter
LinkedIn
Reddit
Email
“To drive this recovery at a fast pace requires new energy and leadership,” said Lando. Image: Jonathan Tourino Jacobo for PV Tech

The CEO of Israel-headquartered solar inverter producer, SolarEdge, has stepped down. He said the “full recovery” of the company requires “new energy and leadership.”

Zvi Lando had been in the post for five years and served as SolarEdge’s VP of global sales for ten years prior to that. The company’s board of directors has installed Ronen Faeier, SolarEdge’s CFO, as interim CEO whilst it searches for Lando’s full-time replacement. Lando will remain on the company’s board and advice its management team over the leadership transition.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

“The road to a full recovery of SolarEdge is still ahead of us and to drive this recovery at a fast pace requires new energy and leadership,” said Lando. “As such, I have decided to resign from my position as CEO. I am confident the focus areas we have defined and the trajectory we are on will continue the improvement trend.”

The company has had a relatively turbulent set of results over recent quarters. In Q4 2023 it posted a 76% drop in inverter shipments as demand declined steeply. This followed a roughly 20% drop in revenues over Q3 which it attributed to a “slow market environment”.

The first two quarters of 2024 saw a slight improvement in fortunes; shipments increased in Q1 to 946MW and revenues began increasing in Q2, even as shipment figures began to waiver again.

In January, the company announced plans to lay off 16% of its global workforce – around 900 people – as part of its efforts to adapt to what it called “current market conditions”.

Since late 2023, the sharpest drop in SolarEdge’s shipments and activity has been in Europe. During the company’s Q2 earnings call, Lando cited a “flat” corporate and industrial (C&I) market in Europe in particular. The company shipped 278MW of inverters to Europe in Q2 2024, compared with 3,261MW in the same period 2023.

Read Next

Premium
October 6, 2025
Talon PV aims to be the first US company to safely manufacture TOPCon cells at scale, backed by European technology and a crucial First Solar licensing deal.
October 6, 2025
Indian infrastructure company focused on rooftop and ground-based solar power installations, PVV Infra has secured solar power orders worth INR7.9 billion (US$90 million) through two of its subsidiaries. 
October 6, 2025
US utility AES Corporation is reportedly in discussions to be acquired by Global Infrastructure Partners (GIP), a subsidiary of global asset owning giant BlackRock.
October 6, 2025
Indian solar developer ACME Group has established a new subsidiary to manage its renewable equipment manufacturing business, under which it is planning to scale production of TOPCon PV modules.
October 6, 2025
Rajasthan government will develop 500MW/2,000MWh of standalone battery energy storage systems (BESS) with a four-hour single-cycle configuration and extended operational life.
October 6, 2025
German solar inverter manufacturer SMA Solar will cut 350 jobs in 2026 as it adapts to the “weak” residential PV market.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 7, 2025
Manila, Philippines
Solar Media Events
October 7, 2025
San Francisco Bay Area, USA
Solar Media Events
October 21, 2025
New York, USA
Solar Media Events
November 25, 2025
Warsaw, Poland