Sundar PichaiSundar Pichai earned $164M in 2023
O

Doron Blachar

CEO of Ormat Technologies

Education

B.A. in Accounting and Economics, M.B.A. from Tel Aviv University

Field of Expertise

Finance & Banking - Finance

Born

January 1, 1975 - 50 years ago

Economy Sector

Utilities

Current Tenure

4 years 7 months (Jul 2020 - Present)

Previous Experience

CFO of Ormat Technologies, Inc. since 2013.

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...

Year

2023

Total Compensation

$1.26M

Salary

$528.30K

Board Justification

The compensation philosophy is designed to attract, motivate, and retain talented executives while aligning their interests with those of stockholders through performance-based incentives.

Bonus

$594.00K

Board Justification

Annual cash bonus based on performance metrics including revenue and adjusted EBITDA, with no bonus paid unless net income is positive.

Other

$136.28K

Board Justification

Includes severance and pension contributions as required by Israeli law, car-related expenses, and other perquisites.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock grants vested in 2023, only stock grants that are already vested are included in this report.

Performance Metrics

Performance metrics included revenue and adjusted EBITDA targets, with a focus on achieving positive net income.