Cree (CREE) CFO Kurtzweil Resigns
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Cree, Inc. (Nasdaq: CREE), announced that John Kurtzweil has resigned as executive vice president-finance and chief financial officer, effective May 21, 2012, to pursue other opportunities, and that Michael McDevitt has been appointed CFO on an interim basis. Cree has commissioned a search for a replacement through Russell Reynolds Associates, executive search consultants.
Mr. Kurtzweil plans to continue as a Cree employee until June 15, 2012, to assist with the transition of his responsibilities. "The decision to leave Cree was a very difficult one for me as the past six years have been personally rewarding," said Mr. Kurtzweil. "At this point in my career, however, I decided to move to Extreme Networks, a smaller firm where I can have a more hands-on role in growing the business."
Mr. Kurtzweil plans to continue as a Cree employee until June 15, 2012, to assist with the transition of his responsibilities. "The decision to leave Cree was a very difficult one for me as the past six years have been personally rewarding," said Mr. Kurtzweil. "At this point in my career, however, I decided to move to Extreme Networks, a smaller firm where I can have a more hands-on role in growing the business."
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