Wolfspeed announced on November 18, 2024, that Gregg Lowe would depart from his roles as President and Chief Executive Officer and as a member of the Board of Directors. This leadership change is effective within the month.
Thomas Werner, who previously served as Chairman of the Board, has been appointed Executive Chairman to oversee the company's continued strategy execution. The Board of Directors has initiated a search to identify a permanent CEO.
Stacy Smith, another Board member, was appointed Lead Independent Director as part of this transition. The company stated that this leadership change comes at an inflection point in Wolfspeed's journey, as it focuses on completing key priorities and restructuring initiatives.
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