Management ChangeJul 29, 2026, 11:33 AM
Wolfspeed Appoints Andreas W. Mattes to Board of Directors
AI Summary
Wolfspeed, Inc. announced the appointment of Andreas W. Mattes to its Board of Directors, effective July 28, 2026. Mr. Mattes will also serve on the Compensation Committee. He brings extensive leadership experience from companies like Coherent, Inc., McKinsey & Company, Diebold Nixdorf, Hewlett Packard, and Siemens. His compensation includes an annual cash retainer, an additional retainer for committee service, and equity awards totaling $700,000 initially.
Key Highlights
- Andreas W. Mattes appointed to Wolfspeed's Board of Directors.
- Mr. Mattes also appointed as a member of the Compensation Committee.
- He will receive an annual cash retainer of $80,000 for Board service.
- An additional annual cash retainer of $10,000 for Compensation Committee service.
- Initial equity award of $500,000 in restricted stock units (RSUs).
- Eligible for an annual equity award of $200,000 in RSUs.
- Mr. Mattes is deemed an "independent director" by the Board.
Price Impact
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