Wolfspeed Shares Surge 24.79% on New CFO Appointment

Wolfspeed Inc (NYSE: WOLF) experienced a significant surge in premarket trading on July 8, 2025, with shares jumping 24.79% to $2.92 at 7:55 AM EDT after closing the previous session at $2.31. This represents a massive 95.76% gain over the previous session. The surge follows the company’s announcement of appointing Gregor van Issum as Chief Financial Officer, effective September 1, 2025. The semiconductor company’s stock, which has struggled with a 52-week range of $0.39 to $25.49, appears to be gaining investor confidence as it strengthens its leadership team during a critical transformation period.

Wolfspeed’s appointment of Gregor van Issum as Chief Financial Officer represents a significant strategic move for the struggling silicon carbide manufacturer. Van Issum brings over 20 years of transformational restructuring and strategic financing experience from semiconductor giants. His track record includes leading cost savings programs and driving financial performance at multi-billion euro revenue companies, skills that are crucial as Wolfspeed navigates toward profitability. The timing of this appointment is particularly noteworthy as it follows CEO Robert Feurle’s recent leadership, with the two executives having previously worked together. Van Issum’s expertise in M&A, complex manufacturing operations, and navigating dynamic business cycles positions him to help Wolfspeed leverage its 200mm platform and strengthen its balance sheet. His stated priority of providing investors with transparency during this transformative period appears to be already resonating with the market.

This executive appointment comes alongside the May addition of Dr. David Emerson as Chief Operating Officer, signaling Wolfspeed’s commitment to building a robust leadership team. The refreshed management structure aims to position the company to capitalize on its competitive advantages in world-class facilities, exceptional talent, and robust intellectual property as it seeks to solidify its leadership in silicon carbide technology. The company’s negative EPS of -$8.26 underscores the profitability challenges that the new CFO will need to address, while the upcoming earnings date will provide crucial insights into the company’s financial trajectory. The dramatic premarket surge of 24.79% to $2.92 per share represents significant momentum following the previous session’s extraordinary 95.76% gain. This two-day rally suggests growing investor optimism about Wolfspeed’s strategic direction and leadership changes. The stock’s 52-week low of $0.39 indicates how severely the company has been undervalued, while the current price action may signal a potential turnaround as the market recognizes the value of the company’s silicon carbide technology portfolio. The analyst target estimate of $4.20 suggests significant upside potential if the company can execute on its transformation strategy under the new leadership team, making this appointment a potentially pivotal moment for long-term shareholders.