27 October 2010


Cree appoints board member with consumer product expertise

Cree Inc of Durham, NC, USA (which makes LED chips, lamps and lighting fixtures as well as gallium nitride and silicon carbide power-switching and RF/wireless microelectronic devices and SiC substrates) says that Robert Tillman (former Lowe’s Companies chairman & CEO) has been elected to its board of directors, and to the board’s Compensation Committee.

“He brings substantial leadership experience as a CEO in a major publicly traded company in the retail distribution industry,” says Cree chairman & CEO Chuck Swoboda. “His knowledge, operational expertise and insight into consumer products should be very valuable to our board as we work to accelerate the LED lighting revolution.”

Tillman served as chairman of Lowe's Companies Inc from 1998 to 2005, as its president & CEO from 1996 to 2005, and as a member of its board of directors from 1994 to 2005. After retiring from Lowe’s in 2005, he served as a member of the board of directors of Bank of America Corp from 2005 to 2009 and also as a member of its Executive and Asset Quality Committees.

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