Enlight announces leadership changes as founder Yavetz becomes chairman

TEL AVIV - Enlight Renewable Energy (NASDAQ:ENLT, TASE:ENLT.TA), a renewable energy company demonstrating robust financial health with impressive gross margins of 78% and strong revenue growth of 44% over the last twelve months, announced Wednesday a leadership transition with founder and CEO Gilad Yavetz moving to the role of executive chairman while Adi Leviatan will become the company’s new chief executive, effective October 1, 2025.

Leviatan joins Enlight from 3M, where she led a business division with approximately 700 employees across five continents and annual revenues of $1.5 billion. She previously spent 15 years in senior leadership at McKinsey & Company.

Current chairman Yair Seroussi, who has served in that role for seven years, will transition to vice chairman and continue supporting the company’s executive management and subsidiaries.

The renewable energy company, which operates solar, wind and energy storage projects across the United States, Israel and 10 European countries, described the leadership change as occurring at a time of strength for the organization.

"This leadership transition is a step of continuity and strengthening. It reflects our deep commitment to long-term excellence, integrity, and shareholder value," said Yavetz in the company’s press release statement.

Enlight has expanded its market capitalization from $200 million to $3 billion during Seroussi’s seven-year tenure as chairman, according to the announcement.

The company completed its U.S. IPO in 2023, having been traded on the Tel Aviv Stock Exchange since 2010.

In other recent news, Enlight Renewable Energy has secured approximately $310 million in financing to expand its Gecama Wind Project in Spain. This expansion aims to create the largest hybrid renewable energy complex in the country, integrating wind, solar, and battery storage for a total capacity of 554 MW and 220 MWh. The project is expected to optimize energy resource use and deliver continuous clean electricity. Meanwhile, Mizuho analysts have raised Enlight Renewable Energy’s stock price target to $19, up from $18, while maintaining a Neutral rating. This adjustment reflects growth prospects in the United States, especially considering potential tax credit changes after 2028. The Gecama hybridization project was specifically mentioned as a factor in the revised price target. Additionally, Clenera, Enlight’s U.S. subsidiary, announced a leadership transition, with Jared McKee set to become CEO on October 1, 2025. Current CEO Adam Pishl will transition to Vice Chair of the Board, continuing to influence the company’s strategic direction.

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