News: Microelectronics
12 May 2025
Wolfspeed’s adds Paul Walsh and Mark Jensen to board
Wolfspeed Inc of Durham, NC, USA — which makes silicon carbide (SiC) materials and power semiconductor devices — has appointed Paul Walsh and Mark Jensen to its board of directors. Both will serve as members of the Audit Committee.
“They both bring invaluable industry experience and deep expertise in accounting, finance and restructuring,” comments chairman Tom Werner. “Their backgrounds position them well to help the board and company navigate ongoing discussions with lenders and reach a comprehensive solution to address our balance sheet,” he adds. “We continue to make meaningful progress in these negotiations and we believe guidance from both Paul and Mark will be critical to our efforts in reaching an outcome that will support our long-term success.”
Walsh was most recently chief financial officer and senior VP, finance & administration of Allegro Microsystems (a designer, developer, fabless manufacturer and marketer of sensor integrated circuits and application-specific analog power ICs) from 2014 to 2022. Previously he was CFO of Rocket Software and held multiple finance roles at Silicon Laboratories, ultimately serving as senior VP & CFO. He currently serves on the boards of Kopin Corp and Semtech Corp.
Jensen has extensive experience in finance and accounting, having most recently served as US managing partner, Technology Industry, at Deloitte from 2001 to 2012. Previously, he was CFO at Redleaf Group and managing partner at Arthur Andersen. Jensen currently serves on the boards of 23andMe and Lattice Semiconductor.
Wolfspeed also says that Stacy Smith will not stand for re-election to the board and will leave it prior to the 2025 annual meeting of shareholders. “I want to thank Stacy for his dedicated service and valued contributions to Wolfspeed during his tenure, particularly during his time as lead independent director,” comments Werner.
Wolfspeed’s CFO to leave firm at end of May
Wolfspeed receives $192m in Section 48D cash tax refunds from IRS
Wolfspeed appoints Robert Feurle as CEO & board member
