People: Ormat Technologies, Inc. (ORA)
ORA on New York Consolidated
34.23USD
9 Feb 2010
34.23USD
9 Feb 2010
Price Change (% chg)
$0.33 (+0.97%)
$0.33 (+0.97%)
Prev Close
$34.23
$34.23
Open
--
--
Day's High
$34.72
$34.72
Day's Low
$34.07
$34.07
Volume
103,469
103,469
Avg. Vol
208,749
208,749
52-wk High
$44.13
$44.13
52-wk Low
$22.84
$22.84
Summary
| Name | Age | Since | Current Position |
|---|---|---|---|
| Bronicki, Lucien | 75 | 2004 | Chairman of the Board, Chief Technology Officer |
| Bronicki, Yehudit | 67 | 2007 | Chief Executive Officer, Director |
| Bronicki, Yoram | 42 | 2007 | President, Chief Operating Officer, Director |
| Tenne, Joseph | 53 | 2005 | Chief Financial Officer |
| Shiloah, Joseph | 63 | 2004 | Executive Vice President - Marketing and Sales, Rest of the World |
| Amir, Nadav | 58 | 2009 | Executive Vice President - Operations |
| Reiss, Zvi | 58 | 2004 | Executive Vice President - Project Management |
| Rosner, Etty | 53 | 2007 | Senior Vice President - Contract Management, Corporate Secretary |
| Krieger, Zvi | 53 | 2007 | Senior Vice President - Geothermal Engineering |
| Hatzir, Shimon | 47 | 2007 | Senior Vice President - Electrical and Conceptual Engineering |
| Choresh, Aaron | 63 | 2004 | Vice President - Operations Rest of the World and Product Support |
| Falk, Dan | 64 | 2004 | Independent Director |
| Gale, Roger | 62 | 2005 | Independent Director |
| Clarke, Robert | 66 | 2007 | Independent Director |
Biographies
| Name | Description |
|---|---|
| Bronicki, Lucien | Mr. Bronicki is the Chairman of Board of Directors, a position he has held since inception in 1994, and has also been Chief Technology Officer of Ormat Technologies, Inc. since July 1, 2004. Mr. Bronicki co-founded Ormat Turbines Ltd. in 1965 and is the Chairman of the Board of Directors of Ormat Industries Ltd., the publicly-traded successor to Ormat Turbines Ltd., and various of its subsidiaries. From 1999 to April 2006, Mr. Bronicki served as the Chairman of the Board of Directors of OPTI Canada Inc., a company engaged in the oil sands industry in Canada in which our parent owns an approximately 5% interest. From 1992 to May 2006, Mr. Bronicki was the Chairman of the Board of Directors of Bet Shemesh Engines, a manufacturer of jet engines, and from 1997 to May 2006, Mr. Bronicki was the Chairman of the Board of Directors of Bet Shemesh Holdings. Mr. Bronicki was also the Chairman of the Board of Directors of Orad Hi-Tec Systems Ltd., a manufacturer of image processing systems, until the end of 2005, and was the Co-Chairman of Orbotech Ltd., a NASDAQ-listed manufacturer of equipment for inspecting and imaging circuit boards and display panels. Mr. Bronicki has worked in the power industry since 1958. He is a member of the Executive Council of the Weizmann Institute of Science and was the Chairman of the Israeli Committee of the World Energy Council. Yehudit Bronicki and Lucien Bronicki are married and are the parents of Yoram Bronicki. Mr. Bronicki obtained a postgraduate degree in Nuclear Engineering from Conservatoire National des Arts et Metiers, a Master of Science in Physics from Universite de Paris and a Master of Science in Mechanical Engineering from Ecole Nationale Superieure d’Ingenieurs Arts et Metiers. In 2005, he received a Ph.D. Honoris Causa from the Ben-Gurion University, and in 2006 from the Weizmann Institute of Science. |
| Bronicki, Yehudit | Mrs. Bronicki is Chief Executive Officer since July 1, 2004, and is also a member of Board of Directors of Ormat Technologies, Inc. From July 1, 2004 to September 20, 2007, Mrs. Bronicki also served as President. Mrs. Bronicki was a co-founder of Ormat Turbines Ltd. and is a member of the Board of Directors and the General Manager (a CEO-equivalent position) of Ormat Industries Ltd., the publicly traded successor to Ormat Turbines Ltd., and various of its subsidiaries. From 1992 to June 2005, Mrs. Bronicki was a director of Bet Shemesh Engines, a manufacturer of jet engines. In addition, until May 2005, Mrs. Bronicki was a member of the Board of Directors of OPTI Canada Inc., a company engaged in the oil sands industry in Canada and in which parent owns an approximately 5% interest, and she is a member of the Board of Orbotech Ltd., a NASDAQ-listed manufacturer of equipment for inspecting and imaging circuit boards and display panels. From 1994 to 2001, Mrs. Bronicki was on the Advisory Board of the Bank of Israel. Mrs. Bronicki has worked in the power industry since 1965. Yehudit Bronicki and Lucien Bronicki are married and are the parents of Yoram Bronicki. Mrs. Bronicki obtained a Bachelor of Arts in Social Sciences from Hebrew University in 1965. |
| Bronicki, Yoram | Mr. Bronicki has been a member of Board of Directors of Ormat Technologies, Inc. since November 12, 2004, and has been President and Chief Operating Officer since September 20, 2007. From July 1, 2004 to September 20, 2007 Mr. Bronicki served as Chief Operating Officer, North America. Mr. Bronicki is also a member of the Board of Directors of Ormat Industries Ltd., a position he has held since 2001, and a member of the Board of Directors of OPTI Canada Inc. From 2001 to 2004, Mr. Bronicki was Vice President of OPTI Canada Inc.; from 1999 to 2001, he was Project Manager of Ormat Industries Ltd. and Ormat International Inc.; from 1996 to 1999, he was Project Manager of Ormat Industries Ltd.; and from 1995 to 1996, he was Project Engineer of Ormat Industries Ltd. Mr. Bronicki is the son of Lucien and Yehudit Bronicki. Mr. Bronicki obtained a Bachelor of Science in Mechanical Engineering from Tel Aviv University in 1989 and a Certificate from the Technion Institute of Management Senior Executives Program. |
| Tenne, Joseph | Mr. Tenne is Chief Financial Officer of since Ormat Technologies, Inc since March 9, 2005. From 2003 to 2004, Mr. Tenne was the Chief Financial Officer of Treofan Germany GmbH & Co. KG, a German company. From 1997 until 2003, Mr. Tenne was a partner in Kesselman & Kesselman, Certified Public Accountants in Israel (a member firm of PricewaterhouseCoopers International Limited). Since January 8, 2006, Mr. Tenne has also been the Chief Financial Officer of Ormat Industries Ltd. Mr. Tenne is a member of the board of directors of AudioCodes Ltd., a NASDAQ-listed company. Mr. Tenne obtained a Master of Business Administration from Tel Aviv University in 1987 and a Bachelor of Arts in Accounting and Economics from Tel Aviv University in 1981. Mr. Tenne is also a Certified Public Accountant in Israel. |
| Shiloah, Joseph | Mr. Joseph Shiloah is Executive Vice President of Marketing and Sales, Rest of the World of Ormat Technologies, Inc. since July 1, 2004. From 2001 through June 30, 2004, Mr. Shiloah was the Executive Vice President of Marketing and Sales at Ormat Industries Ltd.; from 1989 to 2000, he was Vice President of Marketing and Sales of Ormat Industries Ltd.; from 1983 to 1989, he was Vice President of Special Projects of Ormat Turbines Ltd.; from 1984 to 1989, he was Operating Manager of the Solar Pond project of Solmat Systems Ltd., a subsidiary of Ormat Turbines Ltd.; and from 1981 to 1983, he was Project Administrator of the Solar Pond power plant project of Ormat Turbines Ltd. and Solmat Systems Ltd. Mr. Shiloah obtained a Bachelor of Arts in Economics from Hebrew University in 1972. |
| Amir, Nadav | Mr. Nadav Amir serves as Executive Vice President - Operations of Ormat Technologies Inc. He was Executive Vice President of Engineering of Ormat Technologies, Inc. From 2001 through June 30, 2004, Mr. Amir was Executive Vice President of Engineering of Ormat Industries Ltd.; from 1993 to 2001, he was Vice President of Engineering of Ormat Industries Ltd.; from 1988 to 1993, he was Manager of Engineering of Ormat Industries Ltd.; from 1984 to 1988, he was Manager of Product Engineering of Ormat Industries Ltd.; and from 1983 to 1984, he was Manager of Research and Development of Ormat Industries Ltd. Mr. Amir obtained a Bachelor of Science in Aeronautical Engineering from Technion Haifa in 1972. |
| Reiss, Zvi | Mr. Zvi Reiss is Executive Vice President of Project Management of Ormat Technologies, Inc., since July 1, 2004. From 2001 through June 30, 2004, Mr. Reiss was the Executive Vice President of Project Management of Ormat Industries Ltd.; from 1995 to 2000, he was Vice President of Project Management of Ormat Industries Ltd. and, from 1993 to 1994, he was Director of Projects of Ormat Industries Ltd. Mr. Reiss obtained a Bachelor of Science in Mechanical Engineering from Ben Gurion University in 1975. |
| Rosner, Etty | Ms. Etty Rosner is Corporate Secretary of Ormat Technologies, Inc. since October 21, 2004. Ms. Rosner is also the Corporate Secretary of Ormat Industries Ltd., a position she has held since 1991. Ms. Rosner is also Senior Vice President of Contract Management since September 20, 2007. From July 1, 2004 to September 20, 2007 Ms. Rosner was Vice President of Contract Management, and from 1999 through June 30, 2004, she was the Vice President of Contract Management of Ormat Industries Ltd. From 1991 to 1999, Ms. Rosner was Contract Administration Manager and Corporate Secretary of Ormat Industries and from 1981 to 1991, she was the Manager of the Export Department and Office Administrative Manager of Ormat Industries. Ms. Rosner obtained a Diploma in General Management from Tel Aviv University in 1990. |
| Krieger, Zvi | Mr. Zvi Krieger is Senior Vice President of Geothermal Engineering since September 20, 2007; from July 1, 2004 to September 20, 2007, Mr. Krieger was Vice President of Geothermal Engineering and from 2001 through June 30, 2004, he was the Vice President of Geothermal Engineering of Ormat Industries Ltd. Mr. Krieger has been with Ormat Industries Ltd. since 1981 and served as Application Engineer, Manager of System Engineering, Director of New Technologies Business Development and Vice President of Geothermal Engineering. Mr. Krieger obtained a Bachelor of Science in Mechanical Engineering from the Technion, Israel Institute of Technology in 1980. |
| Hatzir, Shimon | Mr. Shimon Hatzir is Senior Vice President of Electrical and Conceptual Engineering of Ormat Technologies, Inc., since September 20, 2007. From July 1, 2004 to September 20, 2007, Mr. Hatzir was Vice President of Electrical and Conceptual Engineering, and from 2002 through June 30, 2004, he was the Vice President of Electrical and Conceptual Engineering of Ormat Industries Ltd. From 1996 to 2001, Mr. Hatzir served as Manager of Electrical and Conceptual Engineering of Ormat Industries Ltd. and from 1989 to 1995 served as Project Engineer in the Engineering Division. Mr. Hatzir obtained a Bachelor of Science in Mechanical Engineering from Tel Aviv University in 1988 and a Certificate of the Technology Institute of Management, Senior Executive Program. |
| Choresh, Aaron | Mr. Aaron Choresh is Vice President of Operations, Rest of the World and Product Support of Ormat Technologies, Inc. since July 1, 2004. From 1999 through June 30, 2004, Mr. Choresh was the Vice President of Operations and Product Support of Ormat Industries Ltd.; from 1993 to 1998, he was the Director of Operations and Product Support of Ormat Industries Ltd.; from 1991 to 1992, he was Manager of Project Engineering and Product Support; and from 1989 to 1990, he was Manager of Project Engineering of Ormat Industries Ltd. Mr. Choresh obtained a Bachelor of Science in Electrical Engineering from Technion Haifa in 1982. |
| Falk, Dan | Mr. Falk has been a member of Board of Directors of Ormat Technologies, Inc. since November 12, 2004. Mr. Falk is also the Chairman of the Board of Directors of Orad Hi-Tech Systems Ltd., a public non-U.S. company, and a member of the Board of Directors of Orbotech Ltd., Nice Systems Ltd., Attunity Ltd., ClickSoftware Technologies Ltd., Jacada Ltd. and Nova Measuring Instruments Ltd., all NASDAQ publicly traded companies. In addition, Mr. Falk serves as a member of the Board of Directors of the following public non-U.S. companies: AVT Ltd., Amiad Filteration System Ltd., Plostopil Ltd., Oridion Medical Ltd., Dmatek Ltd., and Poalim Ventures I Ltd. From 2001 to 2004, Mr. Falk was a business consultant to several public and private companies. From 1999 to 2000, Mr. Falk was Chief Operating Officer and Chief Executive Officer of Sapiens International N.V. From 1995 to 1999, Mr. Falk was an Executive Vice President of Orbotech Ltd. From 1985 to 1995, Mr. Falk was Vice President of Finance and Chief Financial Officer of Orbot Systems Ltd. and Orbotech Ltd. Mr. Falk obtained a Masters of Business Administration from Hebrew University in 1972 and a Bachelor of Arts in Economics and Political Science from Hebrew University in 1968. Mr. Falk is the Chair of Audit Committee. Board of Directors has determined that Mr. Falk qualifies as an Audit Committee “financial expert” under Section 407 of the Sarbanes-Oxley Act of 2002 and Item 407(d)(5) of Regulation S-K, and is independent as that term is used in Item 407(d)5(i)(B) of Regulation S-K under the Securities Exchange Act of 1934. |
| Gale, Roger | Dr. Gale has been a member of Board of Directors of Ormat Technologies, Inc. since October 26, 2005. Between 1988 and 2000, Dr. Gale was the CEO of Washington International Energy Group, which was sold to PHB Hagler Bailly (PHB) in 1999. In 2000, as PHB was sold to PA Consulting, Dr. Gale held several positions at PA Consulting until 2001, at which time he joined GF Energy LLC as President and CEO, a position he still holds. In addition, Dr. Gale serves as a member of the Board of Directors of the U.S. Energy Association, a not-for-profit organization. On December 1, 2005, he became a member of the Boards of Directors of The Adams Express Company and Petroleum & Resources Corporation (closed-end investment companies). He served on the Audit Committee of Constellation Holdings and on the Board of Directors of the parent, Constellation Energy Group from 1996 to 2005. Dr. Gale has a Ph.D. in political science from the University of California, Berkeley. |
| Clarke, Robert | Mr. Clarke has been a member of the Board of Directors of Ormat Technologies, Inc. since February 27, 2007. Mr. Clarke was Chairman (since September 1998) and President and Chief Executive Officer (since January 1991) of Hawaiian Electric Industries, Inc. (HEI), from which he retired effective May 2006. Since June 1, 2006, Mr. Clarke has been Executive in Residence at the Shidler College of Business at the University of Hawaii. In addition, Mr. Clarke serves as an advisory director to Oceanic Cable Hawaii and as a member of the advisory board of the Shidler College of Business at the University of Hawaii and as a member of the advisory board of Sennet Capital. Mr. Clarke joined HEI in February 1987 as Vice President of Strategic Planning and was in charge of implementing the Company’s diversification strategy. Mr. Clarke was named HEI Group Vice President - Diversified Companies in May 1988. He was made a director of HEI in 1989. Prior to joining HEI, Mr. Clarke served as Senior Vice President and Chief Financial Officer of Alexander & Baldwin and as Controller of Dillingham Corporation. Prior to that, he worked for the Ford Motor Company and for the Singer Company. He received his Bachelor’s degree in economics in 1965 and his Master’s degree in finance in 1966 from the University of California at Berkeley. Honors include Phi Beta Kappa in 1965. |
Basic Compensation
| Name | Fiscal Year Total |
|---|---|
| Bronicki, Lucien | 580,922 |
| Bronicki, Yehudit | 621,104 |
| Bronicki, Yoram | 625,138 |
| Tenne, Joseph | 600,702 |
| Shiloah, Joseph | 258,633 |
| Amir, Nadav | 743,313 |
| Reiss, Zvi | 667,052 |
| Rosner, Etty | -- |
| Krieger, Zvi | -- |
| Hatzir, Shimon | -- |
| Choresh, Aaron | -- |
| Falk, Dan | -- |
| Gale, Roger | -- |
| Clarke, Robert | -- |
As Of 30 Dec 2008
Options Compensation
| Name | Options | Value |
|---|---|---|
| Bronicki, Lucien | 0 | 0 |
| Bronicki, Yehudit | 0 | 0 |
| Bronicki, Yoram | 0 | 0 |
| Tenne, Joseph | 0 | 0 |
| Shiloah, Joseph | 9,250 | 8,880 |
| Amir, Nadav | 16,500 | 206,360 |
| Reiss, Zvi | 0 | 0 |
| Rosner, Etty | 0 | 0 |
| Krieger, Zvi | 0 | 0 |
| Hatzir, Shimon | 0 | 0 |
| Choresh, Aaron | 0 | 0 |
| Falk, Dan | 0 | 0 |
| Gale, Roger | 0 | 0 |
| Clarke, Robert | 0 | 0 |
| Name | Shares Traded | Price |
|---|---|---|
| SHILOAH JOSEPH | 2,700 | $15.00 |
| SHILOAH JOSEPH | 2,700 | $43.50 |
| REISS ZVI | 2,000 | $15.00 |
| REISS ZVI | 2,000 | $41.49 |
| WORENKLEIN JACOB J | 5,000 | $37.00 |
| WORENKLEIN JACOB J | 5,000 | $20.10 |
| SHILOAH JOSEPH | 2,300 | $40.17 |
| SHILOAH JOSEPH | 2,300 | $15.00 |
| SHILOAH JOSEPH | 4,250 | $39.41 |
| SHILOAH JOSEPH | 4,250 | $15.00 |
| HATZIR SHIMON | 2,226 | $41.50 |
| HATZIR SHIMON | 2,226 | $15.00 |
| REISS ZVI | 3,000 | $41.00 |
| REISS ZVI | 3,000 | $15.00 |
| CHORESH AARON | 9,250 | $15.00 |
| CHORESH AARON | 9,250 | $39.47 |
| REISS ZVI | 6,000 | $40.00 |
| REISS ZVI | 6,000 | $15.00 |
| KRIEGER ZVI | 4,626 | $40.44 |
| KRIEGER ZVI | 4,626 | $15.00 |
| ROSNER ETTY | 3,150 | $15.00 |
| ROSNER ETTY | 3,150 | $39.53 |
| AMIR NADAV | 5,500 | $38.00 |
| AMIR NADAV | 5,500 | $15.00 |
| WORENKLEIN JACOB J | 7,500 | $15.00 |
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