GLOBALFOUNDRIES Strengthens Leadership Team

GLOBALFOUNDRIES today announced it has appointed a new Chief Financial Officer while assigning two other senior executives to key positions, as it ramps capacity at its facilities in New York, Germany and Singapore to serve demand for volume and technology from customers. Effective today, the company appointed Daniel Durn as Chief Financial Officer; Gregg Bartlett as Chief Technology Officer; and KC Ang as head of Customer Engineering and Quality while retaining his responsibility for Fab 8 in New York. All are part of an effort to align operations and technology to better meet customer needs and market opportunity. All appointments are effective immediately.