Wolfspeed Names Ex-Allegro VP for EMEA Sales, Shares Jump 7.8%
Wolfspeed appointed Stefan Steyerl as vice president of EMEA sales effective March 1, leveraging his 25+ years in semiconductors including roles at Allegro MicroSystems and overseeing $750 million in revenue at Analog Devices. Wolfspeed shares closed regular trading up 7.78% at $19.12 before a 0.37% drop to $19.05 after hours, reflecting a 184.52% 12-month gain and an $862.1 million market cap.
1. Leadership Appointment
Effective March 1, Wolfspeed has named Stefan Steyerl as vice president of sales for Europe, Middle East and Africa. Steyerl brings over 25 years of semiconductor industry experience, most recently serving as VP of EMEA sales at Allegro MicroSystems and previously overseeing global revenue exceeding $750 million at Analog Devices.
2. Strategic Growth Focus
Wolfspeed expects Steyerl’s EMEA leadership to broaden its customer base across AI data centers, renewable energy, industrial power systems and electric vehicles. The company projects that his industry expertise will accelerate adoption of its silicon carbide products in key global markets.
3. Share Performance Metrics
On Tuesday, Wolfspeed shares rose 7.78% to close at $19.12 and later dipped 0.37% to $19.05 in after-hours trading. The stock has gained 184.52% over the past 12 months, trades within a $8.05–$36.60 52-week range and carries an $862.1 million market capitalization.