Wolfspeed, Inc. provides silicon carbide and gallium nitride (GaN) materials, power devices, and radio frequency (RF) devices based on wide bandgap semiconductor materials and silicon. The company's silicon carbide and GaN materials comprise silicon carbide bare wafers, epitaxial wafers, and GaN epitaxial layers on silicon carbide wafers. It offers silicon carbide materials for customers to manufacture products for RF, power, and other applications. The company's power devices include silicon carbide Schottky diodes, metal oxide semiconductor field effect transistors (MOSFETs), power modules, and gate driver boards for customers and distributors to use in applications, such as electric vehicles comprising charging infrastructure, server power supplies, solar inverters, uninterruptible power supplies, industrial power supplies, and other applications. Its RF devices comprise GaN-based die, high-electron mobility transistors, monolithic microwave integrated circuits, and laterally diffused MOSFET power transistors for telecommunications infrastructure, military, and other commercial applications. The company's products are also used in transportation, fast charging, wireless systems, 5G, motor drives, renewable energy and storage, and aerospace and defense applications; and materials products and RF devices are used in military communications, radar, satellite, and telecommunication applications. It serves customers in North America, Asia, and Europe. The company was formerly known as Cree, Inc. and changed its name to Wolfspeed, Inc. in October 2021. Wolfspeed, Inc. was founded in 1987 and is headquartered in Durham, North Carolina.
IPO Year:
Exchange: NYSE
Website: wolfspeed.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/3/2024 | $17.00 → $8.00 | Neutral → Underperform | Mizuho |
| 8/22/2024 | $48.00 → $28.00 | Buy | Goldman |
| 8/22/2024 | $25.00 → $15.00 | Hold | TD Cowen |
| 8/7/2024 | $18.00 | Buy → Neutral | New Street |
| 5/2/2024 | $40.00 → $25.00 | Buy → Hold | TD Cowen |
| 5/2/2024 | Outperform → Mkt Perform | William Blair | |
| 4/5/2024 | $30.00 | Neutral | Mizuho |
| 4/3/2024 | $55.00 → $30.00 | Overweight → Equal Weight | Wells Fargo |
| 5/18/2023 | $46.00 | Hold | Jefferies |
| 4/27/2023 | Outperform → Perform | Oppenheimer |
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Solidifying Capital Structure, Simplifying Business to Accelerate Profitability and Continuing to Build Core Sales Demand Executed Access to Incremental $2.5 Billion in Liquidity via CHIPS, Lenders, Tax Credits Streamlining Business to 200mm Pure Play Yielding $200 Million in Cash Savings Wolfspeed, Inc. (NYSE:WOLF) today announced its results for the first quarter of fiscal 2025. Quarterly Financial Highlights (Continuing operations only. All comparisons are to the first quarter of fiscal 2024.) Consolidated revenue of approximately $195 million, as compared to approximately $197 million Mohawk Valley Fab contributed approximately $49 million in revenue Power device design-ins
Wolfspeed, Inc. (NYSE:WOLF), the global leader in silicon carbide technology, will conduct a conference call and audio webcast to discuss its first quarter results on Wednesday, November 6, 2024, at 5:00 pm Eastern Daylight Time. The call will be hosted by Gregg Lowe, chief executive officer, and Neill Reynolds, chief financial officer. A live webcast of the earnings conference call along with the earnings release will be available on Wolfspeed's Investor Relations website at https://investor.wolfspeed.com. About Wolfspeed, Inc. Wolfspeed (NYSE:WOLF) leads the market in the worldwide adoption of silicon carbide technologies that power the world's most disruptive innovations. As the pione
Mohawk Valley Momentum Driving 100% Year-over-Year Growth in EV Revenue Mohawk Valley Fab Targeted to Reach 25% Utilization in Q1FY25, One Quarter Ahead of Schedule Company Plans to Accelerate Shift of Device Fabrication to 200mm Mohawk Valley Fab, Assess Timing of Closure of 150mm Durham Device Fab Reducing FY25 net CapEx Spend by $200 Million Wolfspeed, Inc. (NYSE:WOLF) today announced its results for the fourth quarter of fiscal 2024 and the full 2024 fiscal year. Quarterly Financial Highlights (Continuing operations only. All comparisons are to the fourth quarter of fiscal 2023.) Consolidated revenue of approximately $201 million, as compared to approximately $203 million
Wolfspeed, Inc. (NYSE:WOLF), the global leader in silicon carbide technology, will conduct a conference call and audio webcast to discuss its fourth quarter and full year fiscal 2024 results on Wednesday, August 21, 2024, at 5:00 pm Eastern Daylight Time. The call will be hosted by Gregg Lowe, chief executive officer, and Neill Reynolds, chief financial officer. A live webcast of the earnings conference call along with the earnings release will be available on Wolfspeed's Investor Relations website at https://investor.wolfspeed.com. About Wolfspeed, Inc. Wolfspeed (NYSE:WOLF) leads the market in the worldwide adoption of silicon carbide technologies. We provide industry-leading soluti
Mohawk Valley Fab Revenue more than Doubled Sequentially; On Track for 20% Utilization in Fourth Quarter of Fiscal 2024 $2.8 Billion of Design-Ins, Second Highest Quarter on Record Wolfspeed, Inc. (NYSE:WOLF) today announced its results for the third quarter of fiscal 2024. Quarterly Financial Highlights (Continuing operations only. All comparisons are to the third quarter of fiscal 2023) Consolidated revenue of approximately $201 million, compared to approximately $193 million Mohawk Valley Fab contributed approximately $28 million in revenue, over a 2x increase from the prior quarter Materials revenue of approximately $99 million - second highest quarter on record Powe
Wolfspeed, Inc. (NYSE:WOLF), the global leader in silicon carbide technology, will conduct a conference call and audio webcast to discuss its fiscal third quarter 2024 results on Wednesday, May 1, 2024, at 5:00 pm Eastern Daylight Time. The call will be hosted by Gregg Lowe, chief executive officer, and Neill Reynolds, chief financial officer. A live webcast of the earnings conference call along with the earnings release will be available on Wolfspeed's Investor Relations website at https://investor.wolfspeed.com. About Wolfspeed, Inc. Wolfspeed (NYSE:WOLF) leads the market in the worldwide adoption of silicon carbide technologies. We provide industry-leading solutions for efficient e
Mohawk Valley Fab Revenue Tripled Sequentially; On Track for 20% Utilization in Fourth Quarter of Fiscal 2024 Year-over-year Revenue Growth of 20 Percent; Record Quarterly Design-Wins Totaling $2.9 Billion Wolfspeed, Inc. (NYSE:WOLF) today announced its results for the second quarter of fiscal 2024. Quarterly Financial Highlights (Continuing operations only. All comparisons are to the second quarter of fiscal 2023) Consolidated revenue of $208.4 million, compared to $173.8 million Mohawk Valley Fab contributed $12 million in revenue, a 3x increase from the prior quarter Power device design-ins of $2.1 billion Quarterly record design-wins of $2.9 billion - over 75% relate
Wolfspeed, Inc. (NYSE:WOLF), the global leader in silicon carbide technology, will conduct a conference call and audio webcast to discuss its fiscal second quarter 2024 results on Wednesday, January 31st, 2024, at 5:00 pm Eastern Time. The call will be hosted by Gregg Lowe, chief executive officer, and Neill Reynolds, chief financial officer. A live webcast of the earnings conference call along with the earnings release will be available on Wolfspeed's Investor Relations website at https://investor.wolfspeed.com. About Wolfspeed, Inc. Wolfspeed (NYSE:WOLF) leads the market in the worldwide adoption of silicon carbide technologies. We provide industry-leading solutions for efficient en
Year-over-year Quarterly Revenue Growth of 4 Percent Design-Ins Totaling $2.2 Billion; Record Design-Wins of more than $1 Billion On Track to Meet 20 Percent Utilization Goal at the Mohawk Valley Fab in Fourth Quarter of Fiscal 2024 Wolfspeed, Inc. (NYSE:WOLF) today announced its results for the first quarter of fiscal 2024. Quarterly Financial Highlights (Continuing operations only. All comparisons are to the first quarter of fiscal 2023) Consolidated revenue of $197.4 million, compared to $189.4 million Mohawk Valley Fab contributed $4.0 million in revenue Device design-ins of $2.2 billion and quarterly record of over $1 billion in device design-wins GAAP gross margi
Wolfspeed, Inc. (NYSE:WOLF), the global leader in silicon carbide technology, will conduct a conference call and audio webcast to discuss its fiscal first quarter 2024 results on Monday, October 30th, 2023, at 5:00 pm Eastern Time. A live webcast of the earnings conference call along with the earnings release will be available on Wolfspeed's Investor Relations website at https://investor.wolfspeed.com. 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 and GaN m
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Mizuho downgraded Wolfspeed from Neutral to Underperform and set a new price target of $8.00 from $17.00 previously
Goldman reiterated coverage of Wolfspeed with a rating of Buy and set a new price target of $28.00 from $48.00 previously
TD Cowen reiterated coverage of Wolfspeed with a rating of Hold and set a new price target of $15.00 from $25.00 previously
New Street downgraded Wolfspeed from Buy to Neutral and set a new price target of $18.00
TD Cowen downgraded Wolfspeed from Buy to Hold and set a new price target of $25.00 from $40.00 previously
William Blair downgraded Wolfspeed from Outperform to Mkt Perform
Mizuho initiated coverage of Wolfspeed with a rating of Neutral and set a new price target of $30.00
Wells Fargo downgraded Wolfspeed from Overweight to Equal Weight and set a new price target of $30.00 from $55.00 previously
Jefferies initiated coverage of Wolfspeed with a rating of Hold and set a new price target of $46.00
Oppenheimer downgraded Wolfspeed from Outperform to Perform
Gregg Lowe to Depart as President & CEO and as a Member of the Board of Directors Current Chairman Thomas Werner Appointed Executive Chairman Search Process Underway to Identify Permanent CEO Wolfspeed (NYSE:WOLF) today announced that its Board of Directors (the "Board") has determined and agreed with Gregg Lowe that he will depart this month from his roles as Wolfspeed's President and Chief Executive Officer and as a member of the Board. The Board is conducting a search to identify a permanent CEO with the support of a leading global executive search firm. The Board has appointed Thomas Werner, Chairman of the Board, as Executive Chairman while the Board works to identify Wolfs
Solidifying Capital Structure, Simplifying Business to Accelerate Profitability and Continuing to Build Core Sales Demand Executed Access to Incremental $2.5 Billion in Liquidity via CHIPS, Lenders, Tax Credits Streamlining Business to 200mm Pure Play Yielding $200 Million in Cash Savings Wolfspeed, Inc. (NYSE:WOLF) today announced its results for the first quarter of fiscal 2025. Quarterly Financial Highlights (Continuing operations only. All comparisons are to the first quarter of fiscal 2024.) Consolidated revenue of approximately $195 million, as compared to approximately $197 million Mohawk Valley Fab contributed approximately $49 million in revenue Power device design-ins
Wolfspeed, Inc. (NYSE:WOLF), the global leader in silicon carbide technology, will conduct a conference call and audio webcast to discuss its first quarter results on Wednesday, November 6, 2024, at 5:00 pm Eastern Daylight Time. The call will be hosted by Gregg Lowe, chief executive officer, and Neill Reynolds, chief financial officer. A live webcast of the earnings conference call along with the earnings release will be available on Wolfspeed's Investor Relations website at https://investor.wolfspeed.com. About Wolfspeed, Inc. Wolfspeed (NYSE:WOLF) leads the market in the worldwide adoption of silicon carbide technologies that power the world's most disruptive innovations. As the pione
Wolfspeed, Inc. (NYSE:WOLF), the global leader in silicon carbide technology, announced today that Thomas Seifert and Woody Young have been nominated to Wolfspeed's Board of Directors (the "Board"). Their nominations will be considered by shareholders at the 2024 Annual Meeting of Shareholders (the "2024 Annual Meeting"), scheduled for December 5, 2024. Mr. Seifert has served as the Chief Financial Officer of Cloudflare, Inc., a leading internet security company, since June 2017. Prior to joining Cloudflare, Mr. Seifert held executive leadership positions at a number of technology and semiconductor companies, including serving as Chief Financial Officer of Symantec Corporation, Brightstar
Highlights: U.S. Department of Commerce proposes $750 Million in CHIPS and Science Act funding to support Wolfspeed's North Carolina expansion and catalyze New York expansion Company secures an additional $750 Million in financing from investment group led by Apollo, The Baupost Group, Fidelity Management & Research Company and the Capital Group Company also expects to receive approximately $1 Billion in Section 48D cash tax refunds from IRS over the next several years A total of $2.5 Billion in expected capital will help ensure a clear path to profitability while maintaining critical investments in next-generation technology to support production of silicon carbide Today, the U.S
NEW YORK, Sept. 6, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, September 23, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from
Wolfspeed, Inc. (NYSE:WOLF), the global leader in silicon carbide technology, today announced that Gregg Lowe, CEO, and Neill Reynolds, CFO, will be participating in a fireside chat at Citi's 2024 Global TMT Conference at 3:50pm ET on September 4, 2024. A live webcast of the presentation will be available on the Investor Relations section of Wolfspeed's website. To access the webcast, please visit https://investor.wolfspeed.com/events-and-presentations/. About Wolfspeed, Inc. Wolfspeed (NYSE:WOLF) leads the market in the worldwide adoption of silicon carbide technologies that power the world's most disruptive innovations. As the pioneers of silicon carbide, and creators of the most ad
Mohawk Valley Momentum Driving 100% Year-over-Year Growth in EV Revenue Mohawk Valley Fab Targeted to Reach 25% Utilization in Q1FY25, One Quarter Ahead of Schedule Company Plans to Accelerate Shift of Device Fabrication to 200mm Mohawk Valley Fab, Assess Timing of Closure of 150mm Durham Device Fab Reducing FY25 net CapEx Spend by $200 Million Wolfspeed, Inc. (NYSE:WOLF) today announced its results for the fourth quarter of fiscal 2024 and the full 2024 fiscal year. Quarterly Financial Highlights (Continuing operations only. All comparisons are to the fourth quarter of fiscal 2023.) Consolidated revenue of approximately $201 million, as compared to approximately $203 million
Wolfspeed, Inc. (NYSE:WOLF), the global leader in silicon carbide technology, will conduct a conference call and audio webcast to discuss its fourth quarter and full year fiscal 2024 results on Wednesday, August 21, 2024, at 5:00 pm Eastern Daylight Time. The call will be hosted by Gregg Lowe, chief executive officer, and Neill Reynolds, chief financial officer. A live webcast of the earnings conference call along with the earnings release will be available on Wolfspeed's Investor Relations website at https://investor.wolfspeed.com. About Wolfspeed, Inc. Wolfspeed (NYSE:WOLF) leads the market in the worldwide adoption of silicon carbide technologies. We provide industry-leading soluti
Mohawk Valley 200mm Silicon Carbide Fab Reaches 20% Utilization, Achieves LEED Certification John Palmour Manufacturing Center Achieves Successful Activation of Initial Furnaces Company Expects Temporary Impact from Equipment Incident at Durham 150mm Device Fab Wolfspeed, Inc. (NYSE:WOLF), the global leader in silicon carbide technology, today provided an update on key milestones and an operational update. Wolfspeed's Mohawk Valley silicon carbide fab has reached 20% wafer start utilization, a critical step in the Company's efforts to meet the growing demand for silicon carbide power devices. Additionally, Wolfspeed's Building 10 Materials facility has achieved its 200mm wafer produ
Across the recent three months, 13 analysts have shared their insights on Wolfspeed (NYSE:WOLF), expressing a variety of opinions spanning from bullish to bearish. The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 3 0 10 0 0 Last 30D 0 0 0 0 0 1M Ago 1 0 2 0 0 2M Ago 0 0 0 0 0 3M Ago 2 0 8 0 0 In the assessment of 12-month price targets, analysts unveil insights for Wolfspeed, presenting an average target of $31.38, a high estimate of $50.00, and a low estimate of $23.00. A n
Oppenheimer analyst Colin Rusch maintains Wolfspeed (NYSE:WOLF) from Perform to Perform.
Canaccord Genuity analyst George Gianarikas maintains Wolfspeed (NYSE:WOLF) with a Buy and lowers the price target from $47 to $45.
Morgan Stanley analyst Joseph Moore maintains Wolfspeed (NYSE:WOLF) with a Equal-Weight and lowers the price target from $26 to $23.
Mohawk Valley 200mm Silicon Carbide Fab Reaches 20% Utilization, Achieves LEED CertificationJohn Palmour Manufacturing Center Achieves Successful Activation of Initial FurnacesCompany Expects Temporary Impact from Equipment Incident at Durham 150mm Device FabWolfspeed, Inc. (NYSE:WOLF), the global leader in silicon carbide technology, today provided an update on key milestones and an operational update.Wolfspeed's Mohawk Valley silicon carbide fab has reached 20% wafer start utilization, a critical step in the Company's efforts to meet the growing demand for silicon carbide power devices. Additionally, Wolfspeed's Building 10 Materials facility has achieved its 200mm wafer production target
After the Juneteenth holiday break, Wall Street reopened with a cautious tone, as the S&P 500 and Nasdaq 100 indices declined after hitting all-time highs around midday trading in New York. This decline was driven by profit-taking in chipmaker stocks and rising Treasury yields, which dampened risk sentiment. The iShares Semiconductor ETF (NASDAQ:SOXX) fell by 2.4%, marking its worst session since May 1, after reaching technically “overbought” levels earlier in the week. Oil prices surged above $81 a barrel, aiming for the highest close since late April. This was spurred by larger-than-expected drops in U.S. inventories last week, fueling a rally in oil-related companies. Small caps
Wolfspeed Inc (NYSE:WOLF) has reportedly postponed plans to build a $3 billion plant in Germany, underlining the European Union’s ongoing challenges to boost semiconductor production and lessen dependency on Asian chips. The proposed facility in Saarland, intended to manufacture chips for electric vehicles, is still in the planning stages and seeking funding, Reuters reported, citing a company spokesperson. Wolfspeed has reduced capital spending due to weak EV markets in Europe and the U.S. and is now concentrating on ramping up production in New York. Construction in Germany is delayed until mid-2025, two years later than planned. The company faces pressure from an activist inve
In the last three months, 14 analysts have published ratings on Wolfspeed (NYSE:WOLF), offering a diverse range of perspectives from bullish to bearish. Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 0 12 0 0 Last 30D 0 0 1 0 0 1M Ago 0 0 0 0 0 2M Ago 2 0 7 0 0 3M Ago 0 0 4 0 0 The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $31.07, a high estimate of $50.00, and a low estimate of $23.00. Highlighting a 16.03% decrease, the current aver
Mizuho analyst Vijay Rakesh maintains Wolfspeed (NYSE:WOLF) with a Neutral and raises the price target from $27 to $28.
Gregg Lowe to Depart as President & CEO and as a Member of the Board of Directors Current Chairman Thomas Werner Appointed Executive Chairman Search Process Underway to Identify Permanent CEO Wolfspeed (NYSE:WOLF) today announced that its Board of Directors (the "Board") has determined and agreed with Gregg Lowe that he will depart this month from his roles as Wolfspeed's President and Chief Executive Officer and as a member of the Board. The Board is conducting a search to identify a permanent CEO with the support of a leading global executive search firm. The Board has appointed Thomas Werner, Chairman of the Board, as Executive Chairman while the Board works to identify Wolfs
NEW YORK, Sept. 6, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, September 23, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from
Credo Technology Group Holding Ltd ("Credo" or the "Company") (NASDAQ:CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved power efficiency as data rates and corresponding bandwidth requirements increase throughout the data infrastructure market, today announced the appointment of Clyde Hosein to the Company's board of directors effective April 3, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240401894812/en/Credo Technology Group Holding Ltd Announces Appointment of Industry Veteran Clyde Hosein to Board of Directors (Photo: Business Wire) "Clyde's appointment to the Credo boar
Wolfspeed, Inc. (NYSE:WOLF), the global leader in silicon carbide technology, announced today that Thomas Werner, a board member since 2006, has been elected the new Chairman of the Board, effective immediately. Werner succeeds Darren Jackson, who stepped down as chair after five years in the role. Jackson will continue to serve as a member of the Wolfspeed Board. In addition, Board Member Stacy Smith will replace John Replogle as the Chair of the Governance and Nominations Committee. "Wolfspeed is thrilled to welcome Tom as our new Board Chair," said Gregg Lowe, Wolfspeed President & CEO. "Tom is a proven innovator with vast experience in the energy and semiconductor industries, and will
Wolfspeed, Inc. (NYSE:WOLF), the global leader in silicon carbide technology, announced today that CEO Gregg Lowe has been elected to serve on North Carolina Agricultural and Technical State University's (N.C. A&T) Board of Trustees. N.C. A&T is the nation's No. 1-ranked historically black college or university (HBCU). "North Carolina A&T is proud of our continued strong partnership with Wolfspeed and the appointment of CEO Gregg Lowe to our Board of Trustees," said N.C. A&T Chancellor Harold L. Martin, Sr. "Gregg's leadership and extensive science and technology background will serve as a vital resource for our prestigious university. I look forward to working with him as we provide new
Today, Wolfspeed, Inc. (NYSE:WOLF), the global leader in silicon carbide technology, is pleased to announce the promotion of Priya Almelkar to Senior Vice President, IT and Chief Information Officer. Almelkar succeeds David Costar and becomes the fifth female member of Wolfspeed's esteemed senior leadership team. "Over her two-and-a-half-year tenure with Wolfspeed, Priya has consistently showcased exceptional technical expertise and inspiring leadership skills," said Gregg Lowe, CEO of Wolfspeed. "Her invaluable contributions have significantly enhanced our company's information systems and processes. Her promotion not only recognizes her skills and contributions, but also reinforces our
Wolfspeed, Inc. (NYSE:WOLF), the global leader in Silicon Carbide technology, announced today that Stacy Smith has been appointed to the Company's Board of Directors, effective January 23, 2023. Mr. Smith is the Executive Chairman of Kioxia Corporation (formerly Toshiba Memory Corporation), a leading flash memory company, and Non-Executive Chair of the Board at Autodesk, Inc., a global leader in design and make technology. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230125005195/en/Stacy Smith (Photo: Business Wire) "With his vast experience in the technology and semiconductor industries, Stacy will be an invaluable asset for
Wolfspeed, Inc. (NYSE:WOLF), the global leader in Silicon Carbide technology, today announced the promotion of Elif Balkas to Chief Technology Officer, succeeding the late Dr. John Palmour, a co-founder of Wolfspeed. "Since her start with Wolfspeed in 2006, Elif has been instrumental in our technology and production development, and she was the clear choice to help steer Wolfspeed as we continue to lead the transition from silicon to Silicon Carbide," said Wolfspeed CEO Gregg Lowe. "One of John's greatest legacies is the talent he nurtured and developed on the Wolfspeed team, and we are confident Elif will continue to drive innovation in Silicon Carbide with passion, ingenuity and leadersh
The board of directors of Ryder System, Inc. (NYSE:R), a leader in supply chain, dedicated transportation, and commercial fleet management solutions, today announces the appointment of Charles M. "Chuck" Swoboda to its board, effective December 12, 2022. Mr. Swoboda will serve as a member of the audit and governance committees. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221212005069/en/Ryder appoints Charles M. "Chuck" Swoboda to its board of directors, effective December 12, 2022. (Photo: Business Wire) "The board nominated Mr. Swoboda as director for his impressive leadership experience," says Ryder Chairman and CEO Robert
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