Wolfspeed Names Ex-Micron Exec Feurle As CEO To Revive Struggling Chipmaker

On Thursday, Wolfspeed, Inc WOLF announced the appointment of Robert Feurle as CEO, effective May 1, 2025.

The decision follows a comprehensive internal and external search by the board of directors.

Feurle brings over two decades of leading global organizations developing the most advanced power semiconductor solutions in automotive and high-voltage applications, including silicon and silicon carbide.

Feurle succeeds Thomas Werner, who serves as interim executive chairman and will return as board chairman following the transition.

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A citizen of both the United States and Germany, Feurle will return to the United States, where he previously spent a decade in executive roles at Micron Technology MU, and will relocate to the company’s headquarters in Durham, North Carolina.

Most recently, he served as Executive Vice President and General Manager of the Opto Semiconductors Business Unit at ams-OSRAM AG.

Wolfspeed stock plunged 80% in the last 12 months. It failed to reach the analyst revenue estimate in the previous four quarters, leading to Wall Street analyst price target cuts.

In January, Wolfspeed reported second-quarter revenue decline of 13.4% to $180.5 million, missing the analyst consensus estimate of $186.0 million. Adjusted EPS loss of $(0.95) missed the analyst consensus estimate of $(0.82).

Wolfspeed expects third-quarter revenue from continuing operations of $170 million-$200 million versus the $194.46 million consensus estimate. It expects adjusted EPS loss of $(0.88)-$(0.76) versus $(0.76) consensus estimate.

Price Action: WOLF stock is down 0.85% at $5.80 premarket at last check Thursday.

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Image: Courtesy of Wolfspeed