Wolfspeed (WOLF) Announces CFO Change

Wolfspeed, Inc. (NYSE: WOLF) (“Wolfspeed” or the “Company”) today announced that it has mutually agreed with Neill Reynolds to conclude his role as Executive Vice President and Chief Financial Officer, effective May 30, 2025, to pursue another professional opportunity.

Reynolds will remain with the Company to ensure an orderly transition as it continues its active discussions with its lenders in an effort to strengthen the Company’s capital structure. Reynolds will also participate in the Company’s fiscal third quarter earnings call, scheduled for May 8.

“Neill has been an important partner as we navigate our liability-management initiatives and position Wolfspeed for its next phase,” said Thomas Werner, Executive Chairman. “We appreciate his commitment to staying on to support our efforts to strengthen the Company’s balance sheet. 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.”

The Company has initiated a search with a leading executive-search firm to evaluate internal and external candidates for a permanent Chief Financial Officer.

Lastly, the Company reaffirms its previously announced financial guidance for the third quarter of fiscal 2025.

You May Also Be Interested In

• Kingsoft Cloud (KC) PT Raised to $21.40 at BofA Securities
• UBS Reiterates Buy Rating on Gap, Inc. (GAP), Says Earnings Could Be a High-Volatility Event
• Raymond James on Whirlpool Corporation (WHR): 'July Major Appliance Industrial Production Remained Weak'