Cree released a new appointment, Gregg Lowe took over CEO

25, CREE issued a press release to announce the appointment of Gregg Lowe as president and chief executive officer of the company, the appointment will take effect from the 9 month 27 day. According to the May announced the transfer plan to replace Chuck Swoboda, Mr. Lowe. In addition, Cree is a member of the board of directors of independent directors and chief Robert Ingram will serve as chairman, Mr. Swoboda will continue to serve on the board until the October 24th agm.

Mr. Lowe has strong leadership and industry experience, 2012-2015 years, he served as president and chief executive officer of Free scale Semiconductor Inc Carle, Freescale Semiconductor Market Capitalization of $5 billion, with 17000 employees, serving automotive, industrial, consumer and communication market. Prior to joining Carle Freescale Semiconductor, Mr. Lowe worked at TI for 28 years, served as senior vice president of business leaders and simulation.

The Cree's new president and CEO Gregg Lowe

Cree's new chairman Robert Ingram said: "Gregg Lowe is an outstanding leader and visionary industry. We as he took over as CEO duties and prepare proud in the future to lead this innovation and rich technology companies."

Mr Lowe said: "I would like to thank Chuck Swoboda leaders of the Cree in the past sixteen years. He led the Cree to become a leader in the field of business. Cree's innovation engine incomparable in the industry. I am very honored to be a part of this team, looking forward to cooperate with employees and directors, establish a clear vision for the development of the company. "

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