Globalfoundries reported during a conference call that he was looking for a new PD G, while it plans to invest the $ 6 billion (approx. EUR 4 billion) in its German plants , Singapore and New York by the end of 2012. This is a pivotal time for the founder. The former president, Doug Grose is stepping down, but it remains within the company as a consultant.
Globalfoundries gave no specific reason, but it is very likely that the mission of Mr. Grose is nearing completion and that the firm is now seeking a leader in the long term. For the record, when the investment company from ATIC of Abu Dhabi joined AMD in 2008 to form Globalfoundries, Mr.
Grose, at the time vice president of AMD's manufacturing operations, has become PD G of the new entity and Hector Ruiz, former AMD PD G, became the Chairman of the Board of Directors. AMD sold its plants, obtained more than 30% of the new company, and ATIC has become the main shareholder, but has chosen to keep AMD executives at the head of the new structure (see "AMD cuts in two, the United Arab Emirates to the Rescue ").
However, we are now in 2011. ATIC has since acquired Chartered and merged with Globalfoundries. The company's activities are now well oiled. Globalfoundries is preparing to welcome new important customers such as Toshiba. Hector Ruiz is out of Globalfoundries after being involved in a case of insider trading (see "Resignation of the former CEO of AMD") and is now the turn of Doug Grose to give way under conditions much more serene.
Clearly it was primarily a right G transition. ATIC has already spent $ 6 billion in Globalfoundries and the firm is now seeking a new leader as it embarks on its investments for 2011 and 2012. This is even more evident that after this redesign, Ibrahim Ajami, PD G ATIC, became vice-president of the Executive Committee of Globalfoundries and James Norling, a former Chartered, becomes the chair.
Ajit Manocha, a director and advisor to Spansion ATIC, PD G becomes interim time to find a permanent replacement. As can be seen, therefore, reflects the direction now much more the new face of Globalfoundries. This is just a subsidiary of AMD, but a new company led by ATIC. 
Globalfoundries gave no specific reason, but it is very likely that the mission of Mr. Grose is nearing completion and that the firm is now seeking a leader in the long term. For the record, when the investment company from ATIC of Abu Dhabi joined AMD in 2008 to form Globalfoundries, Mr.
Grose, at the time vice president of AMD's manufacturing operations, has become PD G of the new entity and Hector Ruiz, former AMD PD G, became the Chairman of the Board of Directors. AMD sold its plants, obtained more than 30% of the new company, and ATIC has become the main shareholder, but has chosen to keep AMD executives at the head of the new structure (see "AMD cuts in two, the United Arab Emirates to the Rescue ").
However, we are now in 2011. ATIC has since acquired Chartered and merged with Globalfoundries. The company's activities are now well oiled. Globalfoundries is preparing to welcome new important customers such as Toshiba. Hector Ruiz is out of Globalfoundries after being involved in a case of insider trading (see "Resignation of the former CEO of AMD") and is now the turn of Doug Grose to give way under conditions much more serene.
Clearly it was primarily a right G transition. ATIC has already spent $ 6 billion in Globalfoundries and the firm is now seeking a new leader as it embarks on its investments for 2011 and 2012. This is even more evident that after this redesign, Ibrahim Ajami, PD G ATIC, became vice-president of the Executive Committee of Globalfoundries and James Norling, a former Chartered, becomes the chair.
Ajit Manocha, a director and advisor to Spansion ATIC, PD G becomes interim time to find a permanent replacement. As can be seen, therefore, reflects the direction now much more the new face of Globalfoundries. This is just a subsidiary of AMD, but a new company led by ATIC.
- Top Executives at Globalfoundries Step Down (16/06/2011)
- GlobalFoundries Plans to Open Fab in Abu Dhabi (19/05/2011)
- GLOBALFOUNDRIES Displays Design Infrastructure for High-k Metal Gate Nanotechnology (02/06/2011)
- GlobalFoundries to Construct Abu Dhabi Plant Next Year (20/05/2011)
- Globalfoundries, LSI Corp, and Broadcom help Editorial Director Ed Sperling give the industry a low-power report card. How did we score? (10/06/2011)
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