Wolfspeed Appoints Priya Almelkar as Senior Vice President, IT and Chief Information Officer

Durham, N.C., July 19, 2023 — Today, Wolfspeed, Inc. (NYSE: WOLF), the global leader in silicon carbide technology, is pleased to announce the promotion of Priya Almelkar to Senior Vice President, IT and Chief Information Officer. Almelkar succeeds David Costar and becomes the fifth female member of Wolfspeed’s esteemed senior leadership team.

“Over her two-and-a-half-year tenure with Wolfspeed, Priya has consistently showcased exceptional technical expertise and inspiring leadership skills,” said Gregg Lowe, CEO of Wolfspeed. “Her invaluable contributions have significantly enhanced our company’s information systems and processes. Her promotion not only recognizes her skills and contributions, but also reinforces our belief in the power of diverse perspectives and experiences in driving innovation and success. I am eager to witness the advancements she will spearhead in her new role.”

As Vice President of IT Manufacturing Operations, Almelkar played a pivotal role in driving Wolfspeed’s transition to automation, empowering the company’s analytics capabilities while ensuring data integrity and accuracy. This data-based transition has enabled enhanced tracking of customer deliveries, valuable market and competitor insights, and has improved operational efficiency.  

“Wolfspeed’s ambitious growth strategy presents ample opportunities to improve IT process efficiency and compliance,” said Almelkar. “I am thrilled to continue collaborating with such knowledgeable and entrepreneurial colleagues to strengthen our digital footprint and advance our mission of energy conservation through silicon carbide.”

With over 25 years of experience in leading core IT functions and implementing large-scale digital transformations, Almelkar brings a wealth of expertise to her role. Prior to joining Wolfspeed, she spent six years at Global Foundries, where she held several positions, including Head of Digital Transformation and Head of Infrastructure. Earlier in her career, she excelled in program management, information security and solution delivery engineering. Almelkar is also proud to serve as a sponsor of the Asian American and Pacific Islander (AAPI) Employee Resource Group at Wolfspeed, exemplifying the company’s commitment to diversity and inclusion. In acknowledgement of her leadership and service to the industry, she has been recognized by the National Association of Manufacturers.  

About Wolfspeed:

Wolfspeed (NYSE: WOLF) leads the market in the worldwide adoption of silicon carbide and GaN technologies. We provide industry-leading solutions for efficient energy consumption and a sustainable future. Wolfspeed’s product families include silicon carbide materials, power devices and RF devices targeted for various applications such as electric vehicles, fast charging, 5G, renewable energy and storage, and aerospace and defense. We unleash the power of possibilities through hard work, collaboration and a passion for innovation. Learn more at www.wolfspeed.com.

Twitter: @Wolfspeed
LinkedIn: @Wolfspeed

Wolfspeed® is a registered trademark of Wolfspeed, Inc.

Media Relations Contact:

Melinda Walker
Director, Corporate Communications
818-261-4585
Media@wolfspeed.com

Investor Relations Contact:

Tyler Gronbach
VP, External Affairs
919-407-4820
investorrelations@wolfspeed.com

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