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SolarEdge CEO takes leave of absence

SolarEdge Technologies Inc. CEO, Co-Chairman and founder Guy Sella has taken an immediate leave of absence to address health issues.

The company said Aug. 21 that Sella's previously disclosed health condition has "declined significantly."

In Sella's absence, the company's executive vice president for global sales, Zvi Lando, will be acting CEO. "The circumstances of this appointment are very sad. Having said that, the Board of Directors is confident that he will continue to take the Company forward on its current path of growth and success," said co-Chairman Nadav Zafrir, who was recently appointed to his role in connection with Sella's condition.