CREE (CREE) said Friday that the company's chief executive, Chuck Swoboda, will leave office after 16 years, but will remain in office until the new CEO is appointed, and may later be a corporate consultant. Swoboda's decision is tied to recent physical conditions.
CREE CEO Chuck Swoboda
The company maintained a four quarter budget, with revenues of $3.40-3.60 and adjusted earnings of 2-7 cents per share. CREE's shares have fallen by 18% in the past three months, up 1% from the S & P 500 (SPX).
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