Wolfspeed announced on April 30, 2025, that Neill Reynolds will depart from his role as Executive Vice President and Chief Financial Officer, effective May 30, 2025. Reynolds is leaving to pursue another professional opportunity.
He will remain with the company until his effective departure date to ensure an orderly transition and to coordinate ongoing negotiations with Wolfspeed's lenders. The company has initiated a search with a leading executive-search firm to find a permanent Chief Financial Officer.
Wolfspeed reaffirmed its previously announced financial guidance for the third quarter of fiscal 2025. The company's Executive Chairman, Thomas Werner, expressed appreciation for Reynolds' contributions during liability-management initiatives.
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