Wolfspeed Names Robert Feurle as New CEO Amid Company Restructuring

DURHAM, N.C. — Wolfspeed, Inc. announced Thursday the appointment of Robert Feurle as its new Chief Executive Officer, effective May 1, 2025. This leadership change comes after the board’s decision to oust former CEO Gregg Lowe in November 2024 without cause.

Feurle, who previously held executive roles at Micron Technology and most recently served as Executive Vice President at ams-OSRAM AG, is set to lead the semiconductor company at a time when it has been adjusting operations amidst slowing demand from key markets such as automotive, industrial, and energy.

“I am grateful for the opportunity to lead Wolfspeed during such a transformative period,” Feurle said in a statement. He emphasized his commitment to enhancing the company’s financial performance and said, “With all of the Company’s competitive advantages, I feel very confident that we will be able to work through this transformative period to refresh the operating plan, improve financial performance, and accelerate our path to positive free cash flow.”

The transition occurs as Wolfspeed seeks to capitalize on the increasing demand for silicon carbide technology, which is pivotal in the production of power chips. The company has invested significantly in its silicon carbide fabrication capabilities, doubling down on a 200-millimeter fab designed to enhance efficiency and output.

Feurle’s appointment marks a strategic move for Wolfspeed as it aims to improve its operational capabilities and profitability. He brings over 20 years of experience in the semiconductor field, having managed significant operations and product developments across multiple countries.

Outgoing interim Executive Chairman Thomas Werner will return to his role as Chairman of the Board following the leadership transition. “Robert has a history of delivering operational enhancements and profitability improvements, and we are confident that he is the right individual to take the helm during this stage in the Company’s lifecycle,” Werner stated.

As the new CEO, Feurle plans to focus on strengthening Wolfspeed’s balance sheet, advancing its long-term growth strategy, and expanding its market share in silicon carbide applications. This comes at a critical time when the semiconductor industry is rapidly evolving and facing challenges amid macroeconomic fluctuations.

Wolfspeed’s stock experienced a slight drop of about 2% in early trading following the announcement, reflecting investor caution during this transition period. Nevertheless, analysts remain optimistic about the company’s future prospects under Feurle’s leadership.

Feurle holds dual citizenship with the United States and Germany and will relocate to Durham. His extensive background includes leadership roles at prominent organizations such as Infineon Technologies and Siemens, highlighting his capability to navigate complex market dynamics.

Wolfspeed remains committed to powering future innovations through its advancements in silicon carbide technologies, aiming to sustain its leadership position in a competitive landscape.