Doron Blachar is the CEO of Ormat Technologies, a company specializing in renewable energy. He stepped into the CEO role on July 1, 2020, after serving as the Chief Financial Officer and President. His career spans over 20 years in...
Doron Blachar is the CEO of Ormat Technologies, a company specializing in renewable energy. He stepped into the CEO role on July 1, 2020, after serving as the Chief Financial Officer and President. His career spans over 20 years in finance, including key positions at well-known companies like Teva Pharmaceutical and Amdocs. He holds a B.A. in Accounting and Economics and an M.B.A. from Tel Aviv University. This education gives him a strong foundation in financial strategies. Under his leadership, Ormat has focused on performance metrics that drive growth, linking executive bonuses to company performance like net income and adjusted EBITDA. In 2023, his total compensation was around $1.25 million, including a significant cash bonus based on the company’s success. Interestingly, his employment agreement includes provisions for significant severance pay and accelerated vesting of stock in case of a company takeover. This shows a commitment to aligning his interests with those of the shareholders. Blachar's approach is grounded in practical financial insights, aiming to sustain the company’s growth while maximizing stakeholder value. His experience and structured approach have positioned Ormat Technologies well in the competitive energy market.