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Globalfoundries management shakeup

Posted on Thursday, June 16 2011 @ 22:39:50 CEST by

Bright Side of News reports about the management shakeup at Globalfoundries. The company received a new interim CEO, executive chairman and vice chairman.
In a somewhat expected management shakeup, GlobalFoundries majority owner (ATIC) announced new leadership today. After Mubadala Development Company sold its share in Ferrari and acquired ATIC, we expected to see a management shakeup at ATIC, but we were surprised to see that the biggest changes happened in GlobalFoundries.

Ajit Manocha, Interim CEO, GlobalFoundriesIndustry veteran Ajit Manocha is being appointed as an interim CEO who will lead company throughout 2012, James A. Norling is being appointed as Executive Chairman, while Ibrahim Ajami (CEO, ATIC) is taking the role of Vice Chairman.

Ajit Manocha is an industry veteran with more than 30 years of experience, Ajit first served as an advisor to ATIC and this is a logic step for person of his experience. His past companies include Spansion (AMD-Fujitsu Joint-Venture), NXP, AT&T Microelectronics and Bell Laboratories. During his career, Ajit was granted over a dozen patents for his inventions which are now used as an industry standard. After the company finds a permanent CEO, Ajit will probably move to a role of an advisor for GlobalFoundries.



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