GlobalFoundries Announces Leadership Changes with Tim Breen as New CEO

The semiconductor giant transitions leadership to drive growth, with Thomas Caulfield becoming Executive Chairman and Niels Anderskouv stepping into dual roles as President and COO.

• Tim Breen, previously COO, will succeed Thomas Caulfield as CEO of GlobalFoundries effective April 28, 2025.
• Thomas Caulfield, who led the company through its 2021 IPO, will transition to the role of Executive Chairman to focus on strategic partnerships.
• Niels Anderskouv, currently Chief Business Officer, will take on the roles of President and COO, overseeing manufacturing and product strategy.
• The leadership changes aim to position GlobalFoundries for its next phase of growth, leveraging its differentiated technology portfolio.
• GlobalFoundries continues to benefit from increased demand for smartphone chips while navigating challenges in industrial and automotive markets.

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