Cree has added Harvey Wagner, the chief financial officer of Mirant Corp., as a member of the company’s board of directors.

Wagner has also been appointed to the compensation committee and the audit committee, on which he will serve as an audit committee financial expert. Dolph von Arx will continue to serve as chairman of the audit committee.

In Silicon Valley for 18 years, Wagner held senior financial positions with GTE Corporation, Fairchild and American Microsystems. He moved in 1989 to the East Coast, where he served as CFO at Computervision Corp. and Scientific-Atlanta.

Wagner also has held CFO positions with Premiere Technologies and Optio Software since 1998. During the last year, he has served as CFO at Mirant Corp.

“It is our pleasure to welcome Harvey Wagner to our board of directors,” said Cree Chairman Neal Hunter. “With his impressive financial background as well as his general business experience, we look forward to the contributions he will make to Cree’s future growth and success.”

Cree is a semiconductor company that uses silicon carbide and gallium nitride technology to make products such as LEDs, near-UV lasers, RF and microwave devices, and power switching devices.