Guy Gecht
SOLAREDGE TECHNOLOGIESAbout Guy Gecht
Guy Gecht (age 59) is an independent director of SolarEdge Technologies, appointed on November 6, 2024. He serves as Chair of the Technology Committee and is a member of the Audit Committee; the Board has determined he meets Nasdaq independence standards and qualifies as an “Audit Committee financial expert.” He brings senior leadership, governance, technology and cybersecurity expertise from prior roles as Interim CEO of Logitech, CEO of Electronics for Imaging, and CTO of Apple Israel, and served as Lead Independent Director at Check Point Software Technologies from 2020–2024 .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Electronics for Imaging (EFI) | Chief Executive Officer | 2000–2018 | Led transformation and growth into a global leader in digital imaging |
| Logitech International S.A. | Interim Chief Executive Officer | Jun–Dec 2023 | Leadership during transition; current external public director |
| Apple Israel | Chief Technology Officer | Not disclosed | Technology leadership credentials |
| Check Point Software Technologies | Director; Lead Independent Director | 2006–2024; Lead Independent 2020–2024 | Long-standing governance experience on a major cybersecurity company board |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Logitech International S.A. | Director | Current | Other public company directorship; complements SEDG technology oversight |
| Check Point Software Technologies | Director (prior) | 2006–2024 | Lead Independent Director 2020–2024; no current service |
Board Governance
- Committees: Technology Committee Chair; Audit Committee Member .
- Audit Committee expertise: Gecht is designated an “Audit Committee financial expert”; committee met eight times in 2024 and oversees related-person transaction policies .
- Technology Committee scope and cadence: Oversight of technology strategy, product/manufacturing plans, quality/reliability, cybersecurity incidents; met four times in 2024 .
- Independence: Board determined Gecht is independent under Nasdaq rules; Audit and Compensation Committees meet heightened independence criteria .
- Attendance and engagement: In 2024, the Board held 13 meetings; each director attended at least 81% of Board meetings for their service period and 100% of their committee meetings .
- Executive sessions: Independent directors meet in executive session at every regular Board meeting .
Fixed Compensation
| Component | Amount/Terms | Vesting | Notes |
|---|---|---|---|
| Board Member cash retainer | $70,000 annual; reduced to $56,000 effective Jul 1, 2024; reduction continued indefinitely Mar 25, 2025 | N/A | 20% voluntary reduction for cash conservation |
| Audit Committee Member (non-chair) | $12,500 annual; reduced to $10,000 effective Jul 1, 2024 | N/A | Applies to non-chair members |
| Technology Committee Chair | $15,000 annual; reduced to $12,000 effective Jul 1, 2024 | N/A | Chair premium |
| 2024 Director Cash Paid (Gecht) | $11,870 | N/A | Pro-rata, given Nov 6 appointment |
| Initial RSU Award (on appointment) | 7,949 RSUs; grant-date fair value $149,998 | Equal annual installments over 3 years | Granted Nov 6, 2024 |
| Pro-rated Annual RSU (2024) | 5,973 RSUs; grant-date fair value $112,710 | Vests in full on Jun 3, 2025 | Granted upon appointment |
| 2024 Director Stock Awards (Gecht) | $262,708 | As above | Total equity grant-date value for 2024 |
| Options granted (Directors/Company) | None in 2024 | N/A | Company did not grant stock options in 2024 |
Additional director equity program terms:
- Standard initial RSU award value $150,000; annual RSU $195,000 for directors; vesting at next AGM or one-year anniversary; chair of Board receives $425,000 annual RSU; acceleration upon death or disability starting 2023 grants .
Performance Compensation
- Non-employee directors do not receive performance-based cash bonuses or PSUs; director equity is time-based RSUs under the director program .
No director-specific performance metrics (e.g., revenue/EBITDA targets) are used for director pay; PSUs and performance metrics discussed in the proxy apply to executives (NEOs), not directors .
Other Directorships & Interlocks
| Connection | Detail | Potential Interlock/Conflict Analysis |
|---|---|---|
| Logitech (current) | Gecht serves on LOGI’s board | No SEDG-disclosed transactions with Logitech; no related-party exposure noted . |
| Check Point (prior) | Gecht director 2006–2024; Lead Independent 2020–2024 | Current SEDG director Nadav Zafrir is CEO/director at Check Point since Dec 2024; Gecht no longer serves there; no related-party transactions disclosed . |
- Related-party transactions oversight resides with the Audit Committee; FY2024 disclosure lists only a transaction with Cato Networks (via then-exec Ronen Faier), approved by the Audit Committee; no transactions involving Gecht were disclosed .
Expertise & Qualifications
- Skills matrix: leadership/executive experience, financial expertise, international exposure, innovation/technology, independence; tenure <1 year .
- Audit Committee financial expert designation and financial sophistication confirmed by the Board .
- Technology and cybersecurity oversight experience emphasized (EFI, Apple Israel; Check Point board service) .
Equity Ownership
| Holder | Shares Beneficially Owned | % of Outstanding | Notes |
|---|---|---|---|
| Guy Gecht | 5,973 | * (<1%) | Includes RSUs vesting within 60 days of Apr 8, 2025 |
| Shares Outstanding (reference) | 59,042,917 | — | As of Apr 8, 2025 |
| Unvested RSUs (as of Dec 31, 2024) | 13,922 | — | Total unvested RSUs held |
Ownership alignment policies:
- Director stock ownership guideline: 5× annual cash retainer; directors must hold 50% of net shares from vesting/exercise until guideline met; as of record date, all executives/directors met the guideline or are in compliance with holding requirements .
- Anti-hedging/pledging policy: Company prohibits hedging, short sales, derivative collars and pledging/margin accounts for directors and employees; no exceptions disclosed .
Governance Assessment
- Strengths: Independent status with financial expert designation; chairs Technology Committee with explicit oversight of cybersecurity and product/manufacturing reliability; strong technology CEO background enhances board effectiveness in SEDG’s core domain .
- Pay alignment: Board-wide voluntary 20% retainer reduction (continued indefinitely) signals cost discipline; director equity is time-based RSUs with standard vesting and no options in 2024, reducing repricing risk; director program transparency is high .
- Ownership alignment: Clear, enforced ownership guidelines and anti-hedging/pledging policies; Gecht’s beneficial ownership is modest given recent appointment, but guideline compliance framework mitigates misalignment risk .
- Conflicts/Red flags: No related-party transactions involving Gecht; prior Check Point board overlap with current SEDG director Zafrir does not present a disclosed transaction or conflict; attendance thresholds met across the Board and committees .
- Watch items: Short SEDG tenure (<1 year) implies ongoing ramp-up; monitor Technology Committee outcomes (product quality/reliability and cybersecurity incident oversight) and any future interlocks or transactions with companies where Gecht serves .
Overall, Gecht’s governance profile supports investor confidence through independence, financial literacy, and deep technology oversight, with limited conflict exposure and conservative director pay practices .