Overview

• Wolfspeed has appointed Gregor van Issum, who brings over two decades of restructuring and financing experience from roles at ams-OSRAM and NXP, as CFO beginning Sept. 1.
• The announcement propelled shares to surge more than 100% this week, marking a dramatic rebound for the previously volatile stock.
• Under its lender-backed pre-packaged Chapter 11 plan, Wolfspeed will eliminate about $4.6 billion in debt and reduce annual cash interest payments by roughly 60%.
• The company secured $275 million in debtor-in-possession financing on June 30 and continues to operate normally while targeting a Q3 2025 emergence.
• Wolfspeed’s leading position in silicon carbide semiconductors for electric vehicles and renewable-energy systems underpins its long-term growth outlook despite near-term execution risks.