For 16 years! CREE CEO Chuck Swoboda leaving

CREE (CREE) said on Friday, CEO Chuck Swoboda will leave after 16 years in office, but was appointed in the new CEO will continue to stay, then may also served as a consultant. Swoboda's decision recently associated with their physical condition.

CREE CEO Chuck Swoboda

The company maintains the fourth quarter earnings, the revenue of 3.40-3.60 billion dollars, adjusted earnings per share 2-7 cents. Over the past three months, CREE shares fell 18% over the same period, the S & P 500 index (SPX) rose 1%.

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