Overview

• 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.