Wolfspeed Expands Senior Leadership Team to Support Company Growth
February 13 2023 - 8:00AM
Business Wire
Wolfspeed, Inc. (NYSE: WOLF), the global leader in Silicon
Carbide technology, today announced the expansion of the company’s
senior leadership team (SLT) with the promotion of four Global
Operations leaders, as part of its accelerated growth and capacity
expansion plan.
- Tom Agron is promoted to SVP, Global Expansion Operations;
- Lisa Fritz is promoted to SVP, Global Quality;
- Adam Milton is promoted to SVP, Global Materials Operations;
and
- Missy Stigall is promoted to SVP, Global Fab Operations.
All four leaders will report to Gregg Lowe, Wolfspeed president
and CEO.
“Wolfspeed is growing at an unprecedented rate, and Tom, Lisa,
Adam and Missy each made tremendous contributions in shaping the
company we are today. These promotions demonstrate our continued
commitment to enhancing our culture of innovation, quality and
execution. I expect an even bigger impact from them in the years
ahead,” said Lowe,
Additionally, Wolfspeed announced the expansion of CFO Neill
Reynolds’ responsibilities to include procurement, planning and
backend operations. Wolfspeed is announcing the following
promotions to further support the company's accelerated expansion
plan, each of whom will report to Mr. Reynolds:
- Jeff Ferraro is promoted to SVP, Global Procurement and
Planning;
- Joe Roybal is promoted to SVP, Global Backend Operations;
and
- Kevin Speirits is promoted to SVP, Finance.
Earlier this month, Wolfspeed announced its plans to build the
world’s largest and most advanced 200mm Silicon Carbide fab in
Saarland, Germany. The new fab is part of the company’s previously
announced $6.5 billion global capacity expansion plan, which also
includes the John Palmour Manufacturing Center for Silicon Carbide,
the world’s largest Silicon Carbide crystal growth facility
currently under construction in North Carolina, and final build-out
of the company’s Mohawk Valley Fab in New York.
Rex Felton, the company’s SVP of Global Operations, plans to
leave Wolfspeed in March to spend more time with his family. “Rex
has done an incredible job of putting the structures, processes and
people in place that will allow our global operations to scale
efficiently to meet our long-term growth plan, and we wish him the
best of luck in his next chapter,” said Lowe.
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 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.
Forward Looking Statements:
This press release contains forward-looking statements by
Wolfspeed involving risks and uncertainties, both known and
unknown, that may cause Wolfspeed’s actual results to differ
materially from those indicated. Actual results may differ
materially due to a number of factors, including the risk that
Wolfspeed does not receive receiving funding from the European
Union’s Important Projects of Common European Interest (IPCEI)
framework for the Germany device fab; that Wolfspeed may encounter
delays or other difficulties in constructing and/or ramping up
production in its new device factory in Germany, its new Silicon
Carbide crystal growth facility, or its Mohawk Valley Fab on time,
at the projected costs, with the anticipated job creation and to
the extent of the anticipated production levels or at all; the risk
that Wolfspeed may be unable to manufacture its products with
sufficiently low cost to offer them at competitive prices or with
acceptable margins; the risk that demand for Silicon Carbide will
not grow as Wolfspeed expects; the rapid development of new
technology and competing products that may impair demand or render
Wolfspeed’s products obsolete; and other factors discussed in
Wolfspeed’s filings with the Securities and Exchange Commission,
including its report on Form 10-K for the year ended June 26, 2022,
and subsequent filings.
Twitter: @Wolfspeed LinkedIn: @Wolfspeed
Wolfspeed® is a registered trademark of Wolfspeed, Inc.
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version on businesswire.com: https://www.businesswire.com/news/home/20230213005219/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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