DURHAM – Wolfspeed is expanding its leadership team, promoting four existing employees to senior positions as the silicon carbide semiconductor manufacturer looks to construct a $5 billion plant in Chatham County and a facility in Germany as well.

In a statement, Wolfspeed CEO Gregg Lowe noted that the firm is growing at “an unprecedented rate.”

Lowe said that the promotions would result in an “even bigger impact.”

The promotions are:

  • Tom Agron is promoted to SVP, Global Expansion Operations;
  • Lisa Fritz is promoted to SVP, Global Quality;
  • Adam Milton is promoted to SVP, Global Materials Operations; and
  • Missy Stigall is promoted to SVP, Global Fab Operations.

All four will report to Lowe.

The firm also recently tapped an existing executive as its newest chief technology officer.

Wolfspeed to build chip plant in Germany, sells ‘hundreds of millions’ in stock to new partner

More workforce promotions, changes

Along with the promotions to the senior leadership team, the firm said in a statement that its chief financial officer, Neill Reynolds, would now have more responsibilities.

And Reynolds will have three new direct reports, all of whom the Durham-headquartered company announced in the statement:

  • Jeff Ferraro is promoted to SVP, Global Procurement and Planning;
  • Joe Roybal is promoted to SVP, Global Backend Operations; and
  • Kevin Speirits is promoted to SVP, Finance.

Along with the senior leadership promotions, the promotions on Reynolds’ team will “further support the company’s accelerated expansion plan,” the company statement said.

But there is a senior leader departing the company, as Senior Vice President of Global Operations Rex Felton will leave the firm in March.

Still, the firm is prepared to continue its expansion, a $6.5 billion “global capacity expansion plan.”  That expansion includes further capacity at the headquarters location in Durham, the facility in Chatham County that was named after the firm’s co-founder, John Palmour, the new project in Germany, and the final build out of the company’s existing fabrication plant in New York state.

In January, Wolfspeed began to host potential suppliers to its Chatham County facility as the project remains on target.