Cree CFO resigns, will join new company

From staff reportsMay 22, 2012 

The chief financial officer of Durham LED lighting company Cree has resigned.

John Kurtzweil's resignation took effect Monday, the company said in an announcement.

Kurtzweil, who plans to continue as a Cree employee until June 15 to assist with the transition, is leaving to take the same job with Extreme Networks.

"The decision to leave Cree was a very difficult one for me as the past six years have been personally rewarding," Kurtzweil said in a statement. "At this point in my career, however, I decided to move to Extreme Networks, a smaller firm where I can have a more hands-on role in growing the business."

Cree has hired Russell Reynolds Associates, an executive search consultant, to help find a replacement.

The company has also named Mike McDevitt interim CFO.

McDevitt joined Cree in 2002 as corporate controller and previously served as interim CFO in 2006 during an earlier transition.

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