Cree names McDevitt chief financial officer

Microsoft CEO Steve Ballmer, left, and Qualcomm CEO Paul Jacobs talk about various Windows based products that utilize Qualcomm technology during Jacobs' keynote address at the Consumer Electronics Show, Monday, Jan. 7, 2013, in Las Vegas. (AP Photo/Julie Jacobson)

Cree names McDevitt chief financial officer

Published: 04:58:33 PM, Mon 04 February 2013 UTC

DURHAM, N.C. (AP) — Cree Inc., which makes LED products, said Monday that it appointed Mike McDevitt executive vice president and chief financial officer, effective immediately.

McDevitt, who was vice president and interim CFO since May, has more than 20 years of finance and operations experience. Before becoming interim CFO, he served in a variety of positions; including director of sales operations, director of financial planning and corporate controller, Cree said.

Shares of Durham, N.C.-based Cree fell 42 cents to $43.52 in morning trading.

Tags: gerald ford, richard nixon, cree inc., durham, culture_politics, vice president, management occupations, president of the united states, chief financial officer, vice president of the united states, morning trading, corporate governance, corporate controller, cree, interim cfo, mcdevitt, mcdevitt executive vice, cree names, n.c.-based cree, operations experience, sales operations, financial planning