---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-260426"
form_type: "8-K"
ticker: "WOLF"
cik: "0000895419"
company_name: "WOLFSPEED, INC."
filed_at: "2024-11-18T23:59:59+00:00"
generated_at: "2026-05-29T23:30:41.566341+00:00"
event_type: "leadership"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Wolfspeed CEO Gregg Lowe departs; Chairman Thomas Werner appointed Executive Chairman

## Summary
- Gregg Lowe terminated without cause, effective Nov 18; foregoes 1.5x target bonus severance.
- Board appoints Thomas Werner as Executive Chairman and interim principal executive officer.
- Search for permanent CEO underway with a leading global executive search firm.
- Stacy Smith appointed Lead Independent Director; Werner leaves Compensation Committee.
- Executive Chairman to drive CHIPS PMT milestones, restructuring, and sales growth.

## SEC filing metadata
- accession: 0001193125-24-260426
- form_type: 8-K
- ticker: WOLF
- cik: 0000895419
- company_name: WOLFSPEED, INC.
- filed_at: 2024-11-18T23:59:59+00:00
- event_type: leadership
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/895419/000119312524260426/0001193125-24-260426-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/895419/000119312524260426/d915019d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-260426
- JSON: https://secwatch.observer/filing/0001193125-24-260426.json
- Plain text: https://secwatch.observer/filing/0001193125-24-260426.txt

## Key facts
- Executive change
  Stacy J. Smith was appointed as Lead Independent Director at WOLFSPEED, INC..
  - Action: appointed
  - Role: Lead Independent Director
  source text: Stacy J. Smith has been appointed as Lead Independent Director.
  evidence_url: https://www.sec.gov/Archives/edgar/data/895419/000119312524260426/0001193125-24-260426-index.htm
- Executive change
  Thomas H. Werner was appointed as Executive Chair at WOLFSPEED, INC..
  - Action: appointed
  - Role: Executive Chair
  source text: On November 15, 2024, the Company’s Board of Directors appointed Thomas H. Werner, current Chair of the Board, as Executive Chair effective as of November 18, 2024, in which role he will serve as the Company’s principal executive officer on an interim basis
  evidence_url: https://www.sec.gov/Archives/edgar/data/895419/000119312524260426/0001193125-24-260426-index.htm
- Executive change
  Gregg A. Lowe departed as President and Chief Executive Officer at WOLFSPEED, INC..
  - Action: stepped down
  - Role: President and Chief Executive Officer
  source text: On November 18, 2024, Wolfspeed, Inc. (the “Company”) announced the departure of its President and Chief Executive Officer, Gregg A. Lowe.
  evidence_url: https://www.sec.gov/Archives/edgar/data/895419/000119312524260426/0001193125-24-260426-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.