By Colin Kellaher
Wolfspeed has hired Robert Feurle as the electric-vehicle chip maker's new chief executive, effective May 1.
Wolfspeed on Thursday said Feurle joins from Swiss chip maker ams-Osram, where he has served as executive vice president and general manager of the company's Opto Semiconductors unit and as a member of the executive committee since March 2022.
Wolfspeed said Thomas Werner, who stepped in as interim executive chairman in November after the Durham, N.C., company parted ways with Gregg Lowe, its previous CEO, will return to his post as chairman.
The company said Feurle, 54 years old, will receive a $1 million sign-on bonus, an annual base salary of $750,000, and an annual performance bonus with a target of 100% of his base pay.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
March 27, 2025 08:19 ET (12:19 GMT)
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