Wolfspeed falls after it names Robert Feurle as CEO

Wolfspeed (Pre-Reincorporation)

27/03/2025 14:25

** Shares of chipmaker Wolfspeed WOLF.N down 4% at $5.62

** The company names chip industry veteran Robert Feurle as its CEO effective May 1

** Feurle will succeed Thomas Werner, who will return to his role as chairman

** In November, the company ousted top boss Gregg Lowe, without cause

** Up to last close, stock had fallen 14.4% YTD

 (Reporting by Kritika Lamba in Bengaluru)

 ((Kritika.Lamba@thomsonreuters.com))