Cree Names Gregg Lowe As CEO, Succeeding Chuck Swoboda - Quick Facts

(RTTNews) - Cree, Inc. (CREE) said it has appointed Gregg Lowe as president and chief executive officer and to the board of directors of Cree, effective September 27. Lowe succeeds Chuck Swoboda, per the transition plan announced in May.

Coincident with this change, Robert Ingram, current board member and lead independent director of Cree, will assume the position of chairman of the board. Swoboda will remain on the board until the annual meeting of shareholders on October 24.

Lowe joins Cree with extensive leadership and deep industry experience. From 2012 through 2015, he served as president and CEO of Freescale Semiconductor, a $5 billion company with 17,000 employees and products serving automotive, industrial, consumer and communications markets.

Prior to that, Lowe had a career spanning 28 years at Texas Instruments, most recently serving as senior vice president and leader of the analog business.

In addition to his experience with semiconductor companies, Lowe holds numerous board positions including Silicon Labs in Austin, Texas; Baylor Healthcare System in Dallas, Texas; and The Rock and Roll Hall of Fame in Cleveland, Ohio, where he co-chairs the education committee for the board.