Change of Strategy: A New GlobalFoundries CEO in Dr. Thomas Caulfield

In a surprising move, GlobalFoundries has announced that its CEO is stepping down. Sanjay Jha, who lead the world’s second largest foundry for four years, was in the past week was replaced by Dr. Thomas Caulfield, general manager of the company’s Fab 8 manufacturing facility. GlobalFoundries stresses that Mr. Jha has achieved his goals as the head of the company and now it needs a different kind of leadership, an indicator of a strategy change. It is interesting that GlobalFoundries will now be run by two key managers from the IBM Microelectronics agreement.