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Friday, 17 June 2011 08:58

Major management reshuffle at Globalfoundries

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CEO and COO step down
Globalfoundries announced a major management reshuffle late Thursday, appointing a new CEO and COO.

Former CEO Doug Grose, a veteran of AMD and IBM, who steered Globalfoundries since its creation two years ago stepped down and he is replaced by Ajin Manocha as interim CEO. Grose will remain at the company as an advisor.

James A. Norling will serve as Executive Chairman and Ibrahim Ajami will serve as Vice Chairman of the Globalfoundries board of directors. Ajami will remain the CEO of Atic, Abu Dhabi’s state investment company with an 87 percent share in Globalfoundries.

In addition, COO Chia Song Whee, the former CEO of Chartered is also leaving the company in August. His successor has not been named yet.

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Comments  

 
+13 #1 FlOw 2011-06-17 09:38
Seems like every year GLO-FO gets farther and farther away from AMD. I'm not sure I like that. :sigh:
 
 
+6 #2 darkpulse 2011-06-17 17:24
Quoting FlOw:
Seems like every year GLO-FO gets farther and farther away from AMD. I'm not sure I like that. :sigh:



oh well, you cant help much. I had the feeling that they would become an independent foundry when they did the the spin-off thing. AMD didnt have much of a choice though. They had to cut the losses somehow. Too bad :sad:
 
 
+3 #3 Peter Ong 2011-06-17 17:53
The Arabian is owning Global Foundries. With an overwhelming > 80% of shares, the westerners has no say at all. The reshuffle seems more political than technical to me (so are the departure of pioneer guys).
 

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