An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
Wolfspeed Appoints Stacy Smith to Board of Directors
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
management
Rhea-AI Summary
Wolfspeed, Inc. (NYSE: WOLF) announced the appointment of Stacy Smith to its Board of Directors, effective January 23, 2023. Smith, who is the Executive Chairman of Kioxia Corporation and Non-Executive Chair at Autodesk, brings extensive experience from his 30 years at Intel Corporation, where he held multiple key roles. The Chairman of Wolfspeed, Darren Jackson, expressed confidence that Smith's expertise in technology and semiconductors will be crucial as the company seeks to meet the growing demand for Silicon Carbide power devices in various markets, including e-mobility and renewable energy.
Positive
Stacy Smith's extensive industry experience may enhance strategic decision-making.
His roles at leading companies may attract additional partnerships and opportunities.
Negative
Concerns about continuity in leadership experience with the addition of a new board member.
DURHAM, N.C.--(BUSINESS WIRE)--
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.
Stacy Smith (Photo: Business Wire)
“With his vast experience in the technology and semiconductor industries, Stacy will be an invaluable asset for Wolfspeed as we work to capitalize on the steepening demand for Silicon Carbide power devices across the e-mobility, industrial and renewable markets,” said Wolfspeed Chairman of the Board Darren Jackson. “It is our honor to welcome Stacy to the Board, and we look forward to his contributions and expertise as Wolfspeed continues to lead the transition from silicon to Silicon Carbide.”
“I am really excited to join the Wolfspeed Board and work to help Wolfspeed scale and grow their leadership position in a fast-growing and important market,” said Mr. Smith.
Prior to his Board positions, Mr. Smith worked at Intel Corporation for three decades in a variety of roles including as Group President of Sales, Manufacturing and Operations, Chief Financial Officer, Chief Information Officer, and Head of Europe Middle East and Africa.
Mr. Smith’s management positions with Intel Corporation, including his finance and executive roles, provide him with critical insight into the operational requirements of a global company and the management and consensus-building skills necessary to serve on Wolfspeed’s Board of Directors. He also holds positions on the California Chapter of The Nature Conservancy Boardof Trustees and Universityof Texas McCombs School of Business Advisory Board. Prior Board roles include serving on the Board of Virgin America Airlines and GEVO, a biofuels company.
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.
Wolfspeed® is a registered trademark of Wolfspeed, Inc.
Wolfspeed Media Contact:
Melinda Walker Director, Corporate Communications
818-261-4585
media@wolfspeed.com
Source: Wolfspeed, Inc.
FAQ
Who is the new board member appointed at Wolfspeed?
Stacy Smith has been appointed to the Board of Directors at Wolfspeed.
What is the significance of Stacy Smith joining Wolfspeed's Board?
His extensive background in technology and semiconductors may provide valuable insights and guidance for Wolfspeed's growth.
When was Stacy Smith appointed to the Board of Directors at Wolfspeed?
Stacy Smith was appointed effective January 23, 2023.
What experience does Stacy Smith bring to Wolfspeed?
Stacy Smith has over 30 years of experience at Intel Corporation, where he held various executive roles, and is currently involved with Kioxia Corporation and Autodesk.
How might Stacy Smith's appointment impact Wolfspeed's strategy?
His expertise could enhance Wolfspeed's capability to respond to the rising demand for Silicon Carbide technologies.
