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Leadership Change: John Hollister, the Chief Financial Officer of GlobalFoundries, has left the company for personal reasons, with Sam Franklin appointed as Interim CFO during the search for a permanent replacement.
Company Confidence: CEO Tim Breen expressed confidence in Sam Franklin's ability to manage the transition, highlighting his extensive experience and familiarity with the company's operations.
Financial Outlook: GlobalFoundries anticipates that its quarterly results will meet or exceed previously announced guidance, with a conference call scheduled for November 12, 2025, to discuss third-quarter financial results.
About GlobalFoundries: GlobalFoundries is a major semiconductor manufacturer focused on delivering high-performance products across various markets, emphasizing security, longevity, and sustainability in its operations.
