Courtesy GlobalFoundries
GlobalFoundries has announced in a recent press release, a major leadership transition set to drive its next phase of growth. Effective April 28, 2025, Dr. Thomas Caulfield will become Executive Chairman, while current Chief Operating Officer Tim Breen is named Chief Executive Officer. In addition, Niels Anderskouv has been appointed President and COO.
Dr. Caulfield, who led GlobalFoundries as CEO since 2018—steering the company through a strategic portfolio repositioning and one of the largest semiconductor IPOs in history—will now focus on forging key industry, academic, and government partnerships. Tim Breen, a vital member of the team since 2018, is expected to leverage his extensive operational expertise to drive innovation and performance amid a competitive semiconductor market.
The transition also marks the departure of outgoing Chairman Ahmed Yahia, whose over a decade of leadership helped shape GlobalFoundries into a global semiconductor powerhouse. With Breen and Anderskouv’s strong backgrounds in operations and commercial strategy, the company is well-positioned to meet evolving customer demands and enhance its worldwide manufacturing footprint.
This strategic change underscores GlobalFoundries’ commitment to innovation, operational excellence, and sustainable growth in a rapidly evolving industry. For additional details see GlobalFoundries.com