GlobalFoundries Announces Chief Financial Officer Transition

Core Points - GlobalFoundries announced the departure of CFO John Hollister for personal reasons, with Sam Franklin appointed as Interim CFO [1][2] - The company expresses confidence in Sam Franklin's ability to manage the transition due to his extensive experience and familiarity with GF's operations [2] - GF's financial results for the upcoming quarter are expected to meet or exceed previous guidance [2] Company Overview - GlobalFoundries is a leading semiconductor manufacturer, providing essential products for various high-growth markets including automotive, smart mobile devices, and communications infrastructure [4] - The company emphasizes innovation and partnerships to deliver high-performance, power-efficient products [4] - GF operates globally with manufacturing facilities in the U.S., Europe, and Asia, focusing on security, longevity, and sustainability [4] Leadership Background - Sam Franklin has over 18 years of experience in corporate finance, investment management, and investment banking, joining GF in 2022 [3] - His previous role included Senior Vice President at Mubadala Investment Company, where he managed financial responsibilities for the Direct Investments group [3]