Cree Expands Leadership Team with Two New Executives

DURHAM, N.C. -- Cree, Inc. (Nasdaq: CREE), a leader in LED solid-state lighting components, announces that two new senior leaders are joining the company. Soo Ghee Lee is named vice president and general manager, Asia Pacific, and Wayne Nesbit is named vice president, Worldwide Manufacturing.

Soo Ghee Lee, vice president and general manager, Asia Pacific, comes to Cree with more than 25 years of optoelectronics experience, most recently with Avago Technologies where he was vice president and general manager for the solid-state illumination division. He will be responsible for the development of new revenue streams and extension of customer relationships in Asia Pacific. Lee’s appointment is effective January 14, 2008, and he will be based in Penang, Malaysia.

"I am very pleased to join Cree and to be part of the team that is leading the SSL industry," said Lee.

Wayne Nesbit joins Cree as vice president, Worldwide Manufacturing. Prior, he was senior vice president, Operations, at Mindspeed Technologies and also spent 17 years at Motorola in various global semiconductor management roles. He will oversee global manufacturing operations, including planning/logistics, supply chain, purchasing and quality. Nesbit’s appointment is effective January 21, 2008, and he will be based Durham, NC.

"Cree is taking LEDs to new levels, and I'm thrilled to be joining the team," said Nesbit.

“We are very pleased that these seasoned industry leaders have chosen to join Cree as we lead the LED revolution,” said Chuck Swoboda, Cree president and CEO.

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.