GlobalFoundries makes interim CEO permanent

glofo GlobalFoundries makes interim CEO permanent

Shareholders don't tend to be happy with interim management and GlobalFoundries have now gone and made its interim CEO, Ajit Manocha its fulltime CEO. Apparently he wasn't the only choice though, but he proved himself to the board of directors during his four months as interim CEO and was chosen from a range of candidates for the CEO position.

Shareholders don't tend to be happy with interim management and GlobalFoundries have now gone and made its interim CEO, Ajit Manocha its fulltime CEO. Apparently he wasn't the only choice though, but he proved himself to the board of directors during his four months as interim CEO and was chosen from a range of candidates for the CEO position.

Mr Manocha has extensive background in the foundry business with past experience including the role as Executive VP and Chief Manufacturing Officer at NXP, as Executive Vice President of Worldwide Operations and a member of the Executive Management board at Spansion. He has also worked for AT&T Microelectronics and AT&T Bell labs in the past. He even holds patents for various inventions relating to wafer processing, so the man obviously knows what he's getting himself into.

AjitManocha GlobalFoundries makes interim CEO permanent

We meet Mr Manocha briefly at GTC Taiwan earlier this year and he came across as a charismatic person that knows what he's talking about, although it's hard to draw any conclusions during a lunch meeting. That said, he's got tough times ahead of him, as he needs to get GlobalFoundries up and running at 100 percent capacity and get the company's 32nm and 28nm nodes working at a level where all its customers are satisfied, something we're hearing isn't quite the case at the moment. Time will tell if he's the leader GlobalFoundries has been lacking, we can only hope as we need another strong foundry player beyond TSMC if for no other reason than to keep things competitive.

Source: Businesswire

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