March 21, 2011

Cree Names Bruce Renouard Senior Vice President Global Sales

DURHAM, N.C. -- Cree, Inc. (Nasdaq: CREE), a market leader in LED lighting, announces that Bruce Renouard will join the company as senior vice president – sales and business development, effective March 21. In this newly created position, Renouard will be responsible for sales of LED chips, LED components, materials and power and RF components for the company. This position is part of Cree’s ongoing investment in sales and marketing to further enable the LED lighting and power markets.

“As we continue to lead the LED lighting revolution and drive adoption into new applications, we are also focused on enabling our customers,” said Chuck Swoboda, Cree chairman and chief executive officer. “Bruce’s demonstrated sales leadership and experience in selling integrated solutions around key components will be a great addition to the Cree management team.”

Renouard comes to Cree after nine years at Power Integration Corporation where he served as vice president of worldwide sales.

About Cree
Cree is leading the LED lighting revolution and making energy-wasting traditional lighting technologies obsolete through the use of energy-efficient, environmentally friendly LED lighting. Cree is a market-leading innovator of lighting-class LEDs, LED lighting, and semiconductor solutions for wireless and power applications.

Cree’s product families include LED fixtures and bulbs, blue and green LED chips, high-brightness LEDs, lighting-class power LEDs, power-switching devices and radio-frequency/wireless devices. Cree solutions are driving improvements in applications such as general illumination, backlighting, electronic signs and signals, variable-speed motors, and wireless communications.

For additional product and company information, please refer to www.cree.com. To learn more about the LED Lighting Revolution, please visit www.creeledrevolution.com.

This press release contains forward-looking statements involving risks and uncertainties, both known and unknown, that may cause actual results to differ materially from those indicated. Actual results may differ materially due to a number of factors, including the rapid development of new technology and competing products that may impair demand or render Cree’s products obsolete; and other factors discussed in Cree’s filings with the Securities and Exchange Commission, including its report on Form 10-K for the year ended June 27, 2010, and subsequent filings.