Betsy Atkins
SOLAREDGE TECHNOLOGIESAbout Betsy Atkins
Betsy Atkins (age 70) has served as an independent director of SolarEdge Technologies since 2021. She chairs the Nominating and Corporate Governance Committee and serves on the Compensation and Technology Committees. She is a serial entrepreneur and former CEO with board experience across technology, energy, and industrial sectors, and holds a magna cum laude liberal arts degree from the University of Massachusetts .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Baja Corporation | Chief Executive Officer | 1994–Present | Venture investing in technology, renewable energy, life sciences |
| Clear Standards, Inc. | CEO & Chair | Feb–Aug 2009 | Energy management & sustainability SaaS leadership |
| Key Supercomputer | Chief Executive Officer | 2008–2010 | Applied AI/ML to seismic analytics; technology leadership |
| NCI, Inc. | Chief Executive Officer | Not disclosed | Nutraceutical/functional foods leadership |
| SunPower Corporation | Director (Lead Director noted) | 2005–2012 | Renewable solar; board leadership |
| Schneider Electric, SA | Director | 2011–2019 | Energy efficiency/industrial automation |
| SL Green Realty Corp. | Director | 2015–2024 | REIT board service |
| Covetrus/Vets First Choice | Director | 2016–2019 | Pharma/animal health |
| Cognizant Technology Solutions | Director | 2017–2018 | IT services |
| HD Supply, Inc. | Director | 2013–2018 | Industrial distribution |
External Roles
| Company | Role | Tenure | Committees/Notes |
|---|---|---|---|
| Wynn Resorts, Limited | Independent Director | Current | Public company board |
| Enovix Corporation | Independent Director | Current | Public company board |
Board Governance
- Independence: Board determined Ms. Atkins is independent under Nasdaq rules; she also meets heightened independence criteria applicable to committee service .
- Committee assignments (2025 proxy):
- Nominating & Corporate Governance Committee: Chair; committee met 3 times in 2024 .
- Compensation Committee: Member; committee met 7 times in 2024; current members are Yoram Tietz, Dana Gross (Chair), and Betsy Atkins .
- Technology Committee: Member; committee met 4 times in 2024 .
- Board structure and meetings: Classified board being declassified by 2026; Ms. Atkins is Class I. The Board held 13 meetings in 2024; each director attended at least 81% of board meetings and 100% of the committee meetings on which they served during the period .
- Executive sessions: Independent directors meet in executive session at every regular Board meeting .
Fixed Compensation
| Element | Cash Amount | Notes |
|---|---|---|
| 2024 Fees Earned (Atkins) | $92,250 | Paid in quarterly installments |
| Cash Retainers (effective Jan 1, 2024) | Board Member: $70,000; Committee Chair adders: Audit $32,500; Compensation $22,500; Nominating/Gov $15,000; Technology $15,000; Non-chair member retainers: Audit $12,500; Compensation $10,000; Nominating/Gov $7,500; Technology $7,500 | Directors serving as chairs do not also receive non-chair member adders for the same committee |
| Cash Retainers (effective Jul 1, 2024) | Board Member: $56,000; Committee Chair adders: Audit $26,000; Compensation $18,000; Nominating/Gov $12,000; Technology $12,000; Non-chair member retainers: Audit $10,000; Compensation $8,000; Nominating/Gov $6,000; Technology $6,000 | Board voluntarily reduced cash retainers by 20% effective July 1, 2024; reduction continued indefinitely Mar 25, 2025 |
Compensation mix (2024): ~32% cash ($92,250) and ~68% equity ($194,995) for Ms. Atkins, reinforcing alignment with shareholders .
Performance Compensation
| Grant Type | Grant Date | Shares/Units | Grant Date Fair Value | Vesting | Notes |
|---|---|---|---|---|---|
| Annual RSU (Director) | Jun 5, 2024 | 3,986 | $194,995 | Vests in full on earlier of one year from grant or next AGM (Jun 3, 2025), subject to continued service | Same structure and value for all non-employee directors in 2024 |
| Initial RSU (new directors, policy) | Rolling | N/A | $150,000 | Vests in equal annual installments over 3 years | Applies upon initial Board appointment |
- Director equity program: Annual RSU value $195,000 for non-chair directors; chair of the Board receives $425,000; acceleration upon death or disability starting with 2023 awards .
- No options/PSUs for directors disclosed; awards are time-based RSUs, not tied to financial/ESG metrics for directors .
Other Directorships & Interlocks
| Topic | Detail |
|---|---|
| Current public boards | Wynn Resorts, Limited; Enovix Corporation |
| Compensation Committee interlocks | None in 2024; no cross-board executive officer interlocks with SEDG executives |
| Potential interlocks with customers/suppliers | None disclosed involving Ms. Atkins |
Expertise & Qualifications
- Leadership and executive experience; innovation/technology; broad international exposure; independence; 4 years SEDG board tenure reflected in skills matrix .
- Domain experience across AI, IoT, cybersecurity, SaaS, energy management; seasoned CEO and board member across multiple industries .
Equity Ownership
| Holder | Shares Beneficially Owned | % Outstanding | Unvested RSUs (12/31/2024) | Compliance with Ownership Guidelines | Hedging/Pledging |
|---|---|---|---|---|---|
| Betsy Atkins | 6,606 | <1% | 3,986 | All directors have met guidelines or are in compliance with holding requirement as of record date | Hedging and pledging prohibited for all directors/employees |
Notes:
- Applicable ownership percentages are based on 59,042,917 shares outstanding as of April 8, 2025; “<1%” per proxy convention .
- Ownership guidelines require holding 50% of net-after-tax shares from exercises/vests until guidelines are met; continuous accumulation required; maintenance thereafter .
Governance Assessment
- Strengths
- Independent director with multi-industry board experience; chairs Nominating & Governance and serves on Compensation and Technology—positions central to oversight, succession, and product/cyber risk .
- Strong alignment: majority of 2024 director compensation delivered in equity RSUs; company-wide director retainer reduction during cash conservation signals stewardship .
- Attendance and engagement: board held 13 meetings; all directors achieved at least 81% board attendance and 100% committee attendance; independent director executive sessions at each regular board meeting foster candid oversight .
- Policy safeguards: hedging/pledging prohibited; stock ownership/holding guidelines met or in compliance; no related-party transactions requiring disclosure involving Ms. Atkins .
- Watch items
- Committee workload: concurrent service on three committees (including chairing Nominating & Governance) concentrates governance responsibilities; continued monitoring of board/committee refresh and bandwidth is warranted, though 2024 attendance was robust .
- RED FLAGS
- None disclosed specific to Ms. Atkins: no related-party transactions, no hedging/pledging, independence affirmed, and attendance thresholds met .
Director Compensation (Detail)
| Name | Fees Earned or Paid in Cash ($) | Stock Awards ($) | Total ($) |
|---|---|---|---|
| Betsy Atkins | 92,250 | 194,995 | 287,245 |
Committee Memberships (2024 activity and current composition per proxy)
| Committee | 2024 Meetings | 2024 Members Including Atkins | 2025 Proxy Membership (Atkins role) |
|---|---|---|---|
| Nominating & Corporate Governance | 3 | Atkins (Chair), Zafrir, Hoke, More | Atkins (Chair) |
| Compensation | 7 | More, Atkins, Zafrir | Tietz, Gross (Chair), Atkins |
| Technology | 4 | Atkins, Gecht (Chair), Almogy, More | Atkins (Member) |
Related-Party/Conflicts Check
- Policy: Audit Committee pre-approves related-person transactions; robust review standards .
- FY2024 disclosed related-party transactions: Services with Cato Networks (board role held by then-exec Ronen Faier). No other related-person transactions requiring disclosure since the beginning of the last fiscal year—none involving Ms. Atkins .