25 September 2017
Cree names Gregg Lowe as CEO
LED chip, lamp and lighting fixture maker Cree Inc of Durham, NC, USA has appointed Gregg Lowe as president & CEO as well as a member of the board of directors. He succeeds Chuck Swoboda, as per the transition plan announced in May.
Coincident with this change, Robert Ingram, current board member and lead independent director, will assume the position of chairman. Swoboda will remain on the board until the annual meeting of shareholders on 24 October.
Lowe joins Cree with extensive leadership and industry experience. From 2012 through 2015, he was president & CEO of Freescale Semiconductor, a $5bn company with 17,000 staff and products serving automotive, industrial, consumer and communications markets. Prior to that, he had a career spanning 28 years at Texas Instruments, most recently as senior VP & leader of the analog business.
“I want to thank Chuck Swoboda for guiding this company for the past 16 years,” says Lowe. “His leadership helped solidify Cree as an industry leader in multiple businesses,” he adds. “Cree’s innovation engine is unmatched in the industry.”
In addition to his experience with semiconductor companies, Lowe also holds numerous board positions including Silicon Labs in Austin, Texas; Baylor Healthcare System in Dallas, Texas; and The Rock and Roll Hall of Fame in Cleveland, Ohio, where he co-chairs the education committee for the board.
Lowe holds a Bachelor of Science degree in electrical engineering from the Rose-Hulman Institute of Technology and has completed the executive program at Stanford University. He is the recipient of the Rose-Hulman Institute of Technology Career Achievement Award, honoring both his accomplishments in the semiconductor industry as well as his community service. Additionally, he was awarded an Honorary Doctorate of Engineering from the Institute in 2014.