6 June 2022
Wolfspeed’s Rick Madormo succeeds Thomas Wessel as senior VP of sales & marketing
Wolfspeed Inc of Durham, NC, USA – which makes silicon carbide materials as well as silicon carbide (SiC) and gallium nitride (GaN) power-switching & RF semiconductor devices – has promoted Rick Madormo to senior VP of sales & marketing, succeeding Thomas Wessel, who is retiring at the end of June. In anticipation of Madormo’s promotion, Wolfspeed has hired Owen DeLeon as its new VP of sales for the Americas.
“For the past four years, Rick has led our Americas sales team and, with his deep experience and strong track record of leadership and execution, he is the right choice to lead Wolfspeed through its next phase of continued growth and value creation,” says president & CEO Gregg Lowe. “Thomas demonstrated tremendous leadership and vision during his tenure at Wolfspeed and leaves us having achieved a great deal, not the least of which was developing a depth and breadth of talent that is the best in the industry,” he comments.
Madormo has led Wolfspeed’s Americas sales organization since 2018, focused on the business development strategy, pipeline growth, and organizational structure, supporting the company’s most recent quarterly revenue growth of 37%. An industry veteran, Madormo has more than 25 years of semiconductor experience with sales leadership roles at Intel, Altera and others.
DeLeon adds 15 years of semiconductor industry experience to Wolfspeed, most recently with Intel Corp, where he served as Senior Director of Sales, Americas and General Manager of its Programmable Solutions Group business in the Americas.