Wolfspeed Announces Appointment of New Global Sales and Marketing Leadership
June 02 2022 - 8:15AM
Business Wire
Rick Madormo Promoted to Senior Vice President
of Global Sales and Marketing; New VP of America Sales Also
Named
Wolfspeed, Inc. (NYSE: WOLF), the global leader in Silicon
Carbide technology, today announced the promotion of Rick Madormo
to Senior Vice President of Sales and Marketing, succeeding Thomas
Wessel, who plans to retire at the end of June. In anticipation of
Madormo’s promotion, Wolfspeed has hired Owen DeLeon as the
company’s new Vice President of Sales for the Americas.
"For the past four years, Rick has led our Americas sales team,
and with his deep experience and strong track record of leadership
and execution, he is the right choice to lead Wolfspeed through its
next phase of continued growth and value creation,” said Gregg
Lowe, Wolfspeed president and CEO. “Thomas demonstrated tremendous
leadership and vision during his tenure at Wolfspeed and leaves us
having achieved a great deal, not the least of which was developing
a depth and breadth of talent that is the best in the industry. We
wish him well in his retirement.”
Madormo has led Wolfspeed’s Americas Sales organization since
2018, focused on the business development strategy, pipeline
growth, and organizational structure, supporting the company’s most
recent quarterly revenue growth of 37 percent. An industry veteran,
Madormo has more than 25 years of semiconductor experience with
sales leadership roles at Intel, Altera, and others.
“It is an exciting time to be at Wolfspeed, as we continue to
find new ways to support our customers and drive the global
transition from silicon to Silicon Carbide,” said Madormo. “I look
forward to the new challenge of leading our global sales and
marketing organization and helping the team achieve even greater
impact for our customers.”
DeLeon adds 15 years of semiconductor industry experience to
Wolfspeed, most recently with Intel Corp, where he served as Senior
Director of Sales, Americas and General Manager of its Programmable
Solutions Group business in the Americas.
About Wolfspeed, Inc.:
Wolfspeed (NYSE: WOLF) leads the market in the worldwide
adoption of Silicon Carbide and GaN technologies. We provide
industry-leading solutions for efficient energy consumption and a
sustainable future. Wolfspeed’s product families include Silicon
Carbide materials, power-switching devices and RF devices targeted
for various applications such as electric vehicles, fast charging,
5G, renewable energy and storage, and aerospace and defense. We
unleash the power of possibilities through hard work, collaboration
and a passion for innovation. Learn more at www.wolfspeed.com.
Wolfspeed® is a registered trademark of Wolfspeed, Inc.
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version on businesswire.com: https://www.businesswire.com/news/home/20220602005383/en/
Media Relations: Melinda Walker
Director, Corporate Communications 818-261-4585 Media@wolfspeed.com
Investor Relations: Tyler Gronbach
VP, Investor Relations 919-407-4820
investorrelations@wolfspeed.com
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