Cree Names Daniel Castillo as President of Lighting

Cree, Inc. (Nasdaq: CREE) announces the appointment of Daniel Castillo as President, Lighting, effective Nov. 7, 2016. In this role, Castillo will report to Chuck Swoboda and will lead both the commercial and consumer lighting businesses. Castillo joins Cree from Eaton Corporation, where he was most recently Senior Vice President, Oil, Gas and IEC Assemblies. Prior to his work at Eaton, Castillo held leadership roles in lighting and other electrical product areas at both Cooper Industries and General Electric.

“We have made tremendous progress over the past several years building a successful LED lighting business,” said Chuck Swoboda, Cree chairman and CEO. “The addition of Danny Castillo to the leadership team brings valuable industry expertise and proven business leadership to Cree as we scale the business to the next level.”

“I am truly excited to join Cree at this stage in its evolution,” said Danny Castillo. “The opportunity to work with a proven leader in LED innovation in the still early stages of LED lighting adoption is compelling. I look forward to working with the Cree Lighting team to deliver operational excellence and enhanced customer value across the business.”

Castillo brings to Cree 25 years of experience with multinational industrial companies. He holds a Bachelor of Science in Electrical Engineering from Florida International University and a Master of Business Administration from Columbia University.

About Cree

Cree is a market-leading innovator of lighting-class LEDs, lighting products and semiconductor products for power and radio frequency (RF) applications. Cree believes in better light experiences and is delivering new innovative LED technology that transforms the way people experience light through high-quality interior and exterior LED lighting solutions.

Cree’s product families include LED lighting systems and bulbs, blue and green LED chips, high-brightness LEDs, lighting-class power LEDs, power-switching devices and RF devices. Cree’s products are driving improvements in applications such as general illumination, electronic signs and signals, power supplies and inverters.

Please refer to www.cree.com for additional Company information.

Cree® is a registered trademark of Cree, Inc.

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Cree, Inc.Claire Simmons, Corporate [e-mail]