GlobalFoundries Announces Leadership Transition to Drive Next Phase of Growth
GlobalFoundries (GFS) has announced key leadership changes effective April 28, 2025. Dr. Thomas Caulfield will transition to Executive Chairman, succeeding Ahmed Yahia who is stepping down after over a decade. Tim Breen, currently COO, has been appointed as CEO, while Niels Anderskouv will become President and COO.
Under Caulfield's leadership since 2018, GF repositioned its technology portfolio, achieved sustainable profitability, and completed one of the largest semiconductor IPOs in history in 2021. Breen, who joined GF in 2018, has overseen global operations and held various senior executive roles. Anderskouv, who joined as Chief Business Officer in 2023, brings over 25 years of semiconductor industry experience.
The transition aims to accelerate GF's next growth phase, leveraging its differentiated technology portfolio and global manufacturing footprint.
GlobalFoundries (GFS) ha annunciato importanti cambiamenti al vertice, validi dal 28 aprile 2025. Il Dr. Thomas Caulfield assumerà il ruolo di Presidente Esecutivo, succedendo ad Ahmed Yahia che si dimette dopo oltre un decennio. Tim Breen, attualmente COO, è stato nominato CEO, mentre Niels Anderskouv diventerà Presidente e COO.
Sotto la guida di Caulfield dal 2018, GF ha riposizionato il proprio portafoglio tecnologico, raggiunto una redditività sostenibile e completato una delle più grandi IPO nel settore dei semiconduttori nella storia nel 2021. Breen, entrato in GF nel 2018, ha supervisionato le operazioni globali e ricoperto vari ruoli dirigenziali senior. Anderskouv, che è entrato come Chief Business Officer nel 2023, porta con sé oltre 25 anni di esperienza nell'industria dei semiconduttori.
La transizione mira ad accelerare la prossima fase di crescita di GF, sfruttando il suo portafoglio tecnologico differenziato e la sua presenza produttiva globale.
GlobalFoundries (GFS) ha anunciado cambios clave en el liderazgo que entrarán en vigor el 28 de abril de 2025. El Dr. Thomas Caulfield pasará a ser Presidente Ejecutivo, sucediendo a Ahmed Yahia, quien dejará su puesto después de más de una década. Tim Breen, actualmente COO, ha sido nombrado CEO, mientras que Niels Anderskouv se convertirá en Presidente y COO.
Bajo el liderazgo de Caulfield desde 2018, GF ha reposicionado su cartera tecnológica, ha alcanzado una rentabilidad sostenible y ha completado una de las mayores OPIs en la historia de los semiconductores en 2021. Breen, quien se unió a GF en 2018, ha supervisado las operaciones globales y ha ocupado varios roles ejecutivos senior. Anderskouv, quien se unió como Director Comercial en 2023, aporta más de 25 años de experiencia en la industria de semiconductores.
La transición tiene como objetivo acelerar la próxima fase de crecimiento de GF, aprovechando su cartera tecnológica diferenciada y su huella de fabricación global.
GlobalFoundries (GFS)는 2025년 4월 28일부터 시행되는 주요 리더십 변경 사항을 발표했습니다. 토마스 카울필드 박사는 Ahmed Yahia의 후임으로서 이사회 의장으로 전환됩니다. Yahia는 10년 이상 재직 후 물러납니다. 팀 브린, 현재 COO는 CEO로 임명되었으며, 니엘스 안더스코우는 사장 겸 COO로 취임할 것입니다.
카울필드 박사가 2018년부터 이끌어온 GF는 기술 포트폴리오를 재편하고, 지속 가능한 수익성을 달성했으며, 2021년 역사상 가장 큰 반도체 IPO 중 하나를 완료했습니다. GF에 2018년에 합류한 브린은 글로벌 운영을 감독하고 여러 가지 고위 임원 역할을 수행했습니다. 2023년에 최고 사업 책임자로 합류한 안더스코우는 반도체 산업에서 25년 이상의 경험을 가지고 있습니다.
이 전환은 GF의 다음 성장 단계를 가속화하고 차별화된 기술 포트폴리오와 글로벌 제조 기반을 활용하는 것을 목표로 합니다.
GlobalFoundries (GFS) a annoncé des changements clés au sein de sa direction qui entreront en vigueur le 28 avril 2025. Dr. Thomas Caulfield deviendra Président Exécutif, succédant à Ahmed Yahia qui démissionne après plus d'une décennie. Tim Breen, actuellement COO, a été nommé CEO, tandis que Niels Anderskouv deviendra Président et COO.
Depuis la prise de fonction de Caulfield en 2018, GF a repositionné son portefeuille technologique, atteint une rentabilité durable et réalisé l'une des plus grandes introductions en bourse dans l'histoire des semi-conducteurs en 2021. Breen, qui a rejoint GF en 2018, a supervisé les opérations mondiales et occupé divers postes de direction. Anderskouv, qui a rejoint en tant que Directeur Commercial en 2023, apporte plus de 25 ans d'expérience dans l'industrie des semi-conducteurs.
Cette transition vise à accélérer la prochaine phase de croissance de GF en tirant parti de son portefeuille technologique différencié et de sa présence mondiale en matière de fabrication.
GlobalFoundries (GFS) hat bedeutende Veränderungen in der Führung angekündigt, die am 28. April 2025 in Kraft treten. Dr. Thomas Caulfield wird zum Executive Chairman und tritt die Nachfolge von Ahmed Yahia an, der nach über einem Jahrzehnt von seinem Posten zurücktritt. Tim Breen, derzeit COO, wurde zum CEO ernannt, während Niels Anderskouv Präsident und COO wird.
Unter Caulfields Leitung seit 2018 hat GF sein Technologieportfolio neu ausgerichtet, nachhaltige Rentabilität erreicht und 2021 einen der größten Börsengänge im Bereich der Halbleiter in der Geschichte abgeschlossen. Breen, der 2018 zu GF kam, hat die globalen Operationen überwacht und verschiedene leitende Positionen innegehabt. Anderskouv, der 2023 als Chief Business Officer zu GF kam, bringt über 25 Jahre Erfahrung in der Halbleiterindustrie mit.
Der Übergang zielt darauf ab, die nächste Wachstumsphase von GF zu beschleunigen, indem das differenzierte Technologieportfolio und die globale Produktionskapazität genutzt werden.
- Structured succession plan maintaining leadership continuity
- New CEO Tim Breen brings extensive operational experience and proven track record
- Company achieved sustainable profitability under outgoing leadership
- Successfully completed major IPO in 2021
- Strengthened global manufacturing footprint and supply chains
- Departure of long-term Chairman Ahmed Yahia after 11 years could impact strategic relationships
- Multiple simultaneous leadership changes might create temporary operational disruption
Dr. Thomas Caulfield appointed Executive Chairman, Tim Breen named CEO and Niels Anderskouv named President and COO
MALTA, N.Y., Feb. 05, 2025 (GLOBE NEWSWIRE) -- GlobalFoundries (Nasdaq: GFS) (GF) today announced, following a rigorous succession planning process, its Board of Directors has appointed Dr. Thomas Caulfield as Executive Chairman and Tim Breen as Chief Executive Officer. Caulfield succeeds Ahmed Yahia who will step down from the Board and his role as Chairman after more than a decade in the position. Breen, who has been with GF since 2018, and is currently Chief Operating Officer (COO), succeeds Caulfield. In addition, Niels Anderskouv, currently GF’s Chief Business Officer, has been appointed GF’s President and COO. With a strong foundation in place, this leadership transition positions GF to accelerate its next phase of growth. These changes will become effective April 28, 2025.
“I am extremely proud of all that we have accomplished at GF,” said Yahia. “In partnership with our customers, we have built GF into a leading semiconductor manufacturer, with a differentiated technology portfolio and a truly global footprint. With a solid strategic foundation and strong execution capabilities in place, it’s the right time to take the company to the next level. In this context, the Board and Tom selected Tim as its new CEO. Tim has a clear vision for GF, a well-articulated strategy, an impeccable operational track record and a proven ability to drive business performance. The Board is also delighted that Tom will remain closely engaged with the company in his new capacity of Executive Chairman and will continue to focus on strategic industry, academia and government partnerships. Tom has been a superb leader for the company, a values-driven CEO who put the company on the path to sustained success. We are deeply grateful for his leadership over the past seven years.”
“Following a thoughtful, multi-year succession planning process the board unanimously selected Tim to be GF’s next CEO,” said David Kerko, Lead Independent Director of the GF Board. “We are confident he is the right person to guide GF forward and are excited to work closely with him as the company continues to build on its strong momentum.”
“I am truly honored and excited to be appointed as the next CEO of GF,” said Breen. “GF is uniquely positioned with our talented team, differentiated technology and geographically diverse manufacturing footprint to meet our global customers’ needs. I appreciate the confidence that the Board has placed in me, and I look forward to partnering with Tom and Niels to expand our portfolio, deepen our customer focus, accelerate our growth and deliver increasing value for our shareholders.”
“Since joining GF, Tim has played a critical role as my co-pilot in shaping the strategy of the company,” said Caulfield. “In his current role as COO, Tim has made a tremendous impact integrating GF’s global operations and driving performance while accelerating our digital and sustainability transformations. As the AI wave moves from cloud to edge, GF is uniquely positioned to accelerate growth and continue to innovate, deliver and create value for all our stakeholders, and I am fully confident in Tim’s ability to lead the company into this next phase.”
“I am also looking forward to Niels assuming an even greater responsibility for end-to-end execution of commercial strategy, product differentiation and global manufacturing,” continued Caulfield. “Since joining the team in 2023, Niels has set a clear strategy for building differentiated products, value-added services and establishing durable partnerships with our customers. Together, Tim and Niels have the vision and experience to guide the company forward.”
“Finally, I want to express my deepest gratitude to Ahmed for his tireless efforts and exceptional leadership over the past eleven years,” said Caulfield. “His vision and dedication have been instrumental in shaping GF into the company it is today.”
Caulfield became President and CEO of GF in 2018. During his tenure he repositioned the technology portfolio to focus on differentiated, essential chips and steered the company to sustainable profitability. In 2021, he spearheaded GF’s IPO, one of the largest semiconductor IPOs in history. Amid a global chip shortage, he focused on building resilient supply chains, investing in new manufacturing capacity and forging partnerships with key customers and governments.
Breen oversees the company’s global operations, including the manufacturing, quality, supply chain and IT teams, based in New York. Prior to becoming COO in 2023, he served in various senior executive roles encompassing strategy, business transformation and finance as a close partner and advisor to the CEO since 2018. Prior to joining GF, Breen was a senior member of the executive team at Mubadala Investment Company where he led global projects and investments across numerous sectors from energy and industrials to consumer and life sciences, including contributing to the creation of several multi-billion-dollar companies. He has also served on the board of several public and private companies, including his current position of Chairman of NOVA Chemicals. Earlier in his career, after graduating from the London Business School, he was a partner at McKinsey & Company.
Anderskouv joined GF as Chief Business Officer in 2023 with responsibilities for leading GF’s product and technology roadmap, business and commercial strategy as well as the company’s go-to-market execution. He brings more than 25 years of experience in engineering, manufacturing, executive management and global leadership in the semiconductor industry. Prior to joining GF, he served as Senior Vice President and Executive Officer at Texas Instruments, where he was responsible for the company’s multi-billion-dollar Analog Power business. Anderskouv holds a Master of Science in Electrical Engineering from the Technical University of Denmark (DTU) in Copenhagen.
GF will host a conference call on Tuesday, February 11, 2025, at 8:30 a.m. ET to review the company’s fourth quarter and full-year 2024 financial results. The leadership team welcomes interested parties to join the scheduled conference call by registering here.
The company’s financial results and a webcast of the conference call will be available on GF’s Investor Relations website at https://investors.gf.com.
About GF
GlobalFoundries (GF) is a leading manufacturer of essential semiconductors the world relies on to live, work and connect. We innovate and partner with customers to deliver more power-efficient, high-performance products for the automotive, smart mobile devices, internet of things, communications infrastructure and other high-growth markets. With our global manufacturing footprint spanning the U.S., Europe, and Asia, GF is a trusted and reliable source for customers around the world. Every day, our talented and diverse team delivers results with an unyielding focus on security, longevity, and sustainability. For more information, visit www.gf.com.
©GlobalFoundries Inc., GF, GlobalFoundries, the GF logos and other GF marks are trademarks of GlobalFoundries Inc. or its subsidiaries. All other trademarks are the property of their respective owners.
Forward-looking Information
This news release may contain forward-looking statements, which involve risks and uncertainties. Readers are cautioned not to place undue reliance on any of these forward-looking statements. These forward-looking statements speak only as of the date hereof. GF undertakes no obligation to update any of these forward-looking statements to reflect events or circumstances after the date of this news release or to reflect actual outcomes, unless required by law.
GF Contacts:
Erica McGill, Corporate Communications
erica.mcgill@gf.com
Eric Chow, Investor Relations
eric.chow@gf.com
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