Wolfspeed Announces Appointment of New Global Sales and Marketing Leadership

Clara D. Flaherty

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Rick Madormo Promoted to Senior Vice President of World wide Sales and Promoting New VP of America Income Also Named

DURHAM, N.C., June 02, 2022–(Business enterprise WIRE)–Wolfspeed, Inc. (NYSE: WOLF), the world chief in Silicon Carbide technological know-how, currently introduced the advertising of Rick Madormo to Senior Vice President of Profits and Promoting, succeeding Thomas Wessel, who options to retire at the finish of June. In anticipation of Madormo’s advertising, Wolfspeed has employed Owen DeLeon as the company’s new Vice President of Gross sales for the Americas.

“For the past 4 several years, Rick has led our Americas sales team, and with his deep expertise and strong monitor history of leadership and execution, he is the ideal preference to lead Wolfspeed through its next section of continued growth and value development,” reported Gregg Lowe, Wolfspeed president and CEO. “Thomas demonstrated incredible leadership and vision for the duration of his tenure at Wolfspeed and leaves us having realized a wonderful deal, not the least of which was producing a depth and breadth of talent that is the finest in the marketplace. We would like him properly in his retirement.”

Madormo has led Wolfspeed’s Americas Income organization considering the fact that 2018, concentrated on the business enterprise advancement technique, pipeline growth, and organizational construction, supporting the company’s most current quarterly profits advancement of 37 percent. An marketplace veteran, Madormo has extra than 25 yrs of semiconductor working experience with profits management roles at Intel, Altera, and many others.

“It is an remarkable time to be at Wolfspeed, as we proceed to uncover new strategies to aid our shoppers and push the worldwide transition from silicon to Silicon Carbide,” explained Madormo. “I look forward to the new obstacle of main our world wide gross sales and advertising and marketing group and supporting the staff attain even larger affect for our consumers.”

DeLeon provides 15 many years of semiconductor business expertise to Wolfspeed, most a short while ago with Intel Corp, the place he served as Senior Director of Revenue, Americas and Normal Supervisor of its Programmable Methods Group company in the Americas.

About Wolfspeed, Inc.:

Wolfspeed (NYSE: WOLF) qualified prospects the industry in the globally adoption of Silicon Carbide and GaN technologies. We give sector-leading solutions for productive energy usage and a sustainable foreseeable future. Wolfspeed’s product family members contain Silicon Carbide resources, energy-switching equipment and RF gadgets targeted for several programs these as electrical vehicles, fast charging, 5G, renewable power and storage, and aerospace and defense. We unleash the ability of options by way of difficult function, collaboration and a passion for innovation. Learn much more at www.wolfspeed.com.

Wolfspeed® is a registered trademark of Wolfspeed, Inc.

View supply edition on businesswire.com: https://www.businesswire.com/information/house/20220602005383/en/

Contacts

Media Relations:
Melinda Walker
Director, Company Communications
818-261-4585
[email protected]

Investor Relations:
Tyler Gronbach
VP, Investor Relations
919-407-4820
[email protected]

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