Ormat Technologies Management
Management criteria checks 3/4
Ormat Technologies' CEO is Doron Blachar, appointed in Jul 2020, has a tenure of 4.33 years. total yearly compensation is $3.06M, comprised of 17.3% salary and 82.7% bonuses, including company stock and options. directly owns 0.039% of the company’s shares, worth €1.81M. The average tenure of the management team and the board of directors is 3.8 years and 4.4 years respectively.
Key information
Doron Blachar
Chief executive officer
US$3.1m
Total compensation
| CEO salary percentage | 17.3% |
| CEO tenure | 4.3yrs |
| CEO ownership | 0.04% |
| Management average tenure | 3.8yrs |
| Board average tenure | 4.4yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$119m |
| Jun 30 2024 | n/a | n/a | US$132m |
| Mar 31 2024 | n/a | n/a | US$134m |
| Dec 31 2023 | US$3m | US$528k | US$124m |
| Sep 30 2023 | n/a | n/a | US$107m |
| Jun 30 2023 | n/a | n/a | US$89m |
| Mar 31 2023 | n/a | n/a | US$76m |
| Dec 31 2022 | US$2m | US$507k | US$66m |
| Sep 30 2022 | n/a | n/a | US$67m |
| Jun 30 2022 | n/a | n/a | US$63m |
| Mar 31 2022 | n/a | n/a | US$65m |
| Dec 31 2021 | US$1m | US$507k | US$62m |
| Sep 30 2021 | n/a | n/a | US$64m |
| Jun 30 2021 | n/a | n/a | US$65m |
| Mar 31 2021 | n/a | n/a | US$75m |
| Dec 31 2020 | US$2m | US$437k | US$85m |
| Sep 30 2020 | n/a | n/a | US$77m |
| Jun 30 2020 | n/a | n/a | US$77m |
| Mar 31 2020 | n/a | n/a | US$88m |
| Dec 31 2019 | US$747k | US$388k | US$88m |
| Sep 30 2019 | n/a | n/a | US$94m |
| Jun 30 2019 | n/a | n/a | US$89m |
| Mar 31 2019 | n/a | n/a | US$54m |
| Dec 31 2018 | US$574k | US$373k | US$98m |
| Sep 30 2018 | n/a | n/a | US$144m |
| Jun 30 2018 | n/a | n/a | US$158m |
| Mar 31 2018 | n/a | n/a | US$167m |
| Dec 31 2017 | US$2m | US$362k | US$132m |
Compensation vs Market: Doron's total compensation ($USD3.06M) is about average for companies of similar size in the Austrian market ($USD2.50M).
Compensation vs Earnings: Doron's compensation has increased by more than 20% in the past year.
CEO
Doron Blachar (56 yo)
4.3yrs
Tenure
US$3,058,576
Compensation
Mr. Doron Blachar has been Chief Executive Officer of Ormat Technologies, Inc. since July 1, 2020 and served its President since November 6, 2019 until January 01, 2021. Mr. Blachar serves as the Chief Fin...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Executive Officer | 4.3yrs | US$3.06m | 0.039% € 1.8m | |
| Chief Financial Officer | 4.5yrs | US$1.60m | 0.045% € 2.1m | |
| General Counsel | 3.7yrs | US$1.02m | 0.0052% € 241.7k | |
| Executive Vice President of Electricity Segment | 3.6yrs | US$1.37m | 0.0052% € 245.0k | |
| Executive Vice President of Energy Storage & Business Development | 3.8yrs | US$1.06m | 0.010% € 485.8k | |
| Vice President | no data | no data | no data | |
| Executive Vice President of Human Resources | 3.8yrs | no data | no data | |
| Senior Vice President of Engineering | 1.5yrs | no data | no data | |
| Senior Vice President of Projects | 1.8yrs | no data | no data |
3.8yrs
Average Tenure
56yo
Average Age
Experienced Management: ORAT's management team is considered experienced (3.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Lead Independent Director | 9yrs | US$225.00k | 0.0088% € 412.8k | |
| Chairman of Ormat Industries | no data | no data | no data | |
| Chairman | 4.4yrs | US$315.00k | 0.074% € 3.5m | |
| Independent Director | less than a year | US$38.77k | no data | |
| Independent Director | 6.5yrs | US$225.00k | 0.0059% € 275.4k | |
| Independent Director | 12.5yrs | US$225.00k | 0.0080% € 373.6k | |
| Independent Director | 3.5yrs | no data | no data | |
| Independent Director | 2.4yrs | US$225.00k | 0.0048% € 224.9k | |
| Independent Director | 7.3yrs | US$215.00k | 0.011% € 533.9k | |
| Independent Director | 2.4yrs | US$235.00k | no data |
4.4yrs
Average Tenure
62.5yo
Average Age
Experienced Board: ORAT's board of directors are considered experienced (4.4 years average tenure).