|
For
Immediate
Release
|
Press
Release
|
|
Contacts:
|
|
| Media
Inquiries: |
Investor
Inquiries: |
| Michelle
Murray |
Raiford
Garrabrant
|
| Corporate
Communications |
Director,
Investor Relations
|
| michelle_murray@cree.com |
raiford_garrabrant@cree.com |
|
(919)
313-5505
|
(919)
313-5397
|
|
(919)
313-5943 (Fax)
|
(919)
313-5615 (Fax)
|
Cree
Appoints Frank Plastina to Board
of Directors
DURHAM,
N.C., January 3, 2008
– Cree,
Inc. (Nasdaq: CREE), announces
that Frank Plastina, president, CEO and director of Tekelec, was appointed
to
the Company’s Board of Directors, and to the Board’s Audit Committee and
Governance and Nominations Committee, effective December 31,
2007.
“We
are
pleased to have Frank join our Board of Directors,” said Chuck Swoboda, Cree
chairman and chief executive officer. “Frank’s experience and insight as
CEO of a company accelerating the transition to high-performance, efficient,
converged networks will expand the breadth and strength of our Board. This
transformational insight should be very helpful to Cree as we pursue our
strategy to replace traditional lighting solutions with energy-efficient,
environmentally-friendly LED lighting.”
Plastina,
45, has served as Tekelec’s President and Chief Executive Officer and as a Board
member since February 2006. Tekelec is a publicly traded provider of
telecommunications network systems and software applications based in
Morrisville, North Carolina. Previously, Plastina served
as an
Executive in Residence at Warburg Pincus LLC, a private equity firm. From
2003 until 2005, he held various executive positions with Proxim Corporation,
a
provider of wireless infrastructure equipment for wireless fidelity and wireless
broadband markets, including Executive Chairman from January 2005 until July
2005, and President and Chief Executive Officer and Director from May 2003
until
December 2004. From 1987 until 2002, Plastina held various management and
executive positions at Nortel Networks. Plastina holds a degree in
commerce from the University of Toronto.
About
Cree, Inc.
Cree
is a
market-leading innovator and manufacturer of semiconductors and devices that
enhance the value of solid-state lighting, power and communications products
by
significantly increasing their energy performance and efficiency. Key to
Cree’s market advantage is its world-class materials expertise in silicon
carbide (SiC) and gallium nitride (GaN) for chips and packaged devices that
can
handle more power in a smaller space while producing less heat than other
available technologies, materials and products.
Cree
drives its increased performance technology into multiple applications,
including exciting alternatives in brighter and more-tunable light for general
illumination, backlighting for more-vivid displays, optimized power management
for high-current, switch-mode power supplies and variable-speed motors, and
more-effective wireless infrastructure for data and voice communications.
Cree customers range from innovative lighting-fixture makers to defense-related
federal agencies.
Cree’s
product families include blue and green LED chips, lighting LEDs, LEDs for
backlighting, power-switching devices and radio-frequency/wireless devices.
For additional product specifications please refer to www.cree.com.
Cree
is a
registered trademark of Cree, Inc.
###