08:53 AM EDT, 03/27/2025 (MT Newswires) -- Wolfspeed ( WOLF ) said Thursday it has named Robert Feurle as chief executive officer, effective May 1.

Feurle succeeds Thomas Werner, who is serving as interim executive chairman and will return to serving as chairman of the board following a transition, the company said.

Feurle, who most recently served as general manager of Ams-Osram's Opto semiconductors business unit, will relocate to the company's headquarters in Durham, North Carolina, the company said.

Shares were 1.5% higher in recent premarket activity.