News: Microelectronics
1 May 2025
Wolfspeed’s CFO to leave firm at end of May
Wolfspeed Inc of Durham, NC, USA — which makes silicon carbide (SiC) materials and power semiconductor devices — has mutually agreed with Neill Reynolds to conclude his role as executive VP & chief financial officer, effective 30 May, to pursue another professional opportunity.
Reynolds will remain with the firm to ensure an orderly transition as it continues its active discussions with its lenders in an effort to strengthen the capital structure. Reynolds will also participate in the fiscal third-quarter earnings call, scheduled for 8 May.
“Neill has been an important partner as we navigate our liability-management initiatives and position Wolfspeed for its next phase,” says executive chairman Thomas Werner. “We appreciate his commitment to staying on to support our efforts to strengthen the company’s balance sheet,” he adds. “On behalf of the entire board and management team, we’d like to thank him for his contributions to the company and wish him success in his new endeavor.”
Wolfspeed has initiated a search with a leading executive-search firm to evaluate internal and external candidates for a permanent CFO.
Lastly, Wolfspeed has reaffirmed its previously announced financial guidance for fiscal third-quarter 2025.
Wolfspeed receives $192m in Section 48D cash tax refunds from IRS
Wolfspeed appoints Robert Feurle as CEO & board member
Wolfspeed’s revenue falls 7% in December quarter
Wolfspeed completes $200m at-the-market equity offering
