07/17/2025
Wolfspeed names new CFO just weeks after filing for bankruptcy.
Why It Matters: Wolfspeed, a major player in semiconductor manufacturing, is working to restructure $4.6 billion in debt. The leadership change signals a pivot toward financial recovery and long-term growth.
What’s Happening: Gregor van Issum will step in as chief financial officer on September 1. His appointment comes just over two weeks after the company filed for Chapter 11 bankruptcy protection. Wolfspeed, which operates a major chip facility in Marcy, New York, is betting on van Issum’s deep background in financial restructuring to help lead its turnaround. He brings more than two decades of experience in transformation and performance roles across the tech industry. As the company’s stock remains down more than 77 percent year to date, Wolfspeed is banking on new leadership to restore investor confidence and stabilize operations.
