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6 September 2006


Cree names John Kurtzweil as CFO

John T. Kurtzweil will join Cree Inc of Durham, NC, USA, which makes SiC substrates as well as LEDs plus power-switching and RF/wireless components, as executive vice president and chief financial officer, starting on 29

Kurtzweil brings over 25 years of corporate financial management experience, most recently, since 2004, as senior vice president and chief financial officer of Cirrus Logic Inc of Austin, TX, USA, a publicly traded supplier
of analog, mixed-signal and digital processing solutions for audio and industrial product applications.

Kurtzweil was previously senior vice president and CFO of ON Semiconductor, a supplier of power- and data-management semiconductors and standard semiconductor components, and of disk drive component manufacturer Read-Rite Corp, which sold substantially all of its assets to Western Digital Corp in 2003.

"John brings with him a unique combination of financial expertise and experience in both large and small technology companies, strong relationships with the investment community and knowledge of the semiconductor business," said chairman and CEO Chuck Swoboda. "I look
forward to working with him to build on Cree's success and to help lead the company through the next stage of growth."

Visit: http://www.cree.com