BUZZ-SolarEdge CFO steps down, shares fall

Reuters
03-03
BUZZ-SolarEdge CFO steps down, shares fall

Updates

** Shares of U.S.-based solar inverter maker SolarEdge Technologies SEDG.O fall 6.7% to $15.39

** The renewable energy company names Asaf Alperovitz as chief financial officer, effective immediately

** Alperovitz will succeed Ariel Porat, who took on the role in August last year

** Porat has taken a personal decision to step down - SEDG

** Prior to this, Alperovitz was CFO of Delta Galil, an Israeli textile firm

** Earlier this year, SolarEdge had said it would lay off 400 employees globally, its fourth job-cut announcement in the past 12 months

** Including session moves, shares up 14.26% YTD

(Reporting by Katha Kalia in Bengaluru)

((Katha.Kalia@thomsonreuters.com))

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