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.