Wolfspeed announced on October 16, 2024, the nomination of Thomas Seifert and Woody Young to its Board of Directors. These nominations will be presented to shareholders for consideration at the 2024 Annual Meeting of Shareholders, scheduled for December 5, 2024.
The company also stated that current directors Clyde R. Hosein and John B. Replogle will not seek re-election and are set to retire from the Board following the expiration of their terms at the upcoming Annual Meeting. This transition marks a change in the composition of Wolfspeed's governing body.
The addition of new directors with diverse backgrounds is intended to bring fresh perspectives and expertise to the board. This move is part of the company's ongoing efforts to strengthen its leadership and strategic oversight as it navigates its transition to 200-millimeter silicon carbide production.
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