Wolfspeed (WOLF) Appoints Yasuhisa Harita as Regional President

AI Summary

Wolfspeed, Inc. (WOLF) appointed Yasuhisa Harita as the Asia Pacific Regional President, effective June 1, 2026. Harita will oversee the company’s strategy in Japan, Korea, and the ASEAN region. Recently, Wolfspeed completed private placements involving $379M of 3.5% Convertible 1.5 Lien Senior Secured Notes due 2031, and 3,250,030 shares of common stock priced at $18.458 per share. The company redeemed approximately $475.9M of Senior Secured Notes due 2030, projected to decrease annual interest expense by about $62M and total debt by around $97M.