Wolfspeed, Inc. announced the promotion of Rick Madormo to Senior Vice President of Sales and Marketing, succeeding Thomas Wessel, who plans to retire at the end of June. In anticipation of Madormo's promotion, Wolfspeed has hired Owen DeLeon as the company's new Vice President of Sales for the Americas. Madormo has led Wolfspeed's Americas Sales organization since 2018, focused on the business development strategy, pipeline growth, and organizational structure, supporting the company's most recent quarterly revenue growth of 37 percent.

An industry veteran, Madormo has more than 25 years of semiconductor experience with sales leadership roles at Intel, Altera, and others. DeLeon adds 15 years of semiconductor industry experience to Wolfspeed, most recently with Intel Corp, where he served as Senior Director of Sales, Americas and General Manager of its Programmable Solutions Group business in the Americas.