Reported about 11 hours ago
GlobalFoundries has announced the resignation of CFO John Hollister, with Sam Franklin stepping in as interim CFO. This leadership change arises as the company invests $16 billion to enhance its manufacturing capabilities amid a competitive landscape, particularly in the automotive and smartphone sectors. Franklin, previously vice president of business finance, has a background in banking and finance, and the CEO expressed confidence in his leadership during the transition.
Source: YAHOO