SAN FRANCISCO — GlobalFoundries Inc., announced today that its board has appointed Motorola's Sanjay Jha the company's next CEO. Jha, whose role as CEO begins immediately, served as CEO of Motorola Mobility Inc. (now part of Google), and COO at Qualcomm.
Former CEO Ajit Manocha will help with the transition but is returning to his role prior to becoming CEO in mid-2011.
"Sanjay is one of the most respected leaders in the technology industry and has a proven track record of consistently delivering shareholder value. His industry background and experience as a foundry customer will position GlobalFoundries for continued growth," said vice chairman of GlobalFoundries' board Ibrahim Ajami, in a statement
. Ajami stressed that Manocha was instrumental in making the company the second largest foundry in the world.
"This has been an incredible journey and our success thus far has been a testament to our ability to partner with leading customers in the industry. I am confident that I am leaving GlobalFoundries in a position of strength and that Sanjay will take this company to new horizons," said Ajit Manocha in the same statement.
Jha will lead GlobalFoundries efforts to build out and ramp its Fab 8 in Malta, New York, for 14 nm, according to the press release.
Although Jha has had his day in the press for his high salary, his turnaround work at Motorola shows his engineering focus might make him the engineers' CEO. Author Chunka Mui wrote in a 2012 Forbes article:
Jha quickly diagnosed the situation, but, rather than just issuing orders, he worked within Motorola's engineering culture, where good arguments can carry the day as long as people get to air their views. Jha met with top executives and others and personally reviewed key projects. He took the time to build trust and support. He rallied and focused a demoralized organization.
GlobalFounderies is headquartered in Silicon Valley with manufacturing centers in Germany, Singapore, and New York. The company is owned by Abu Dhabi-based Mubadala Development Co.
— Susan Rambo, Executive Editor, EE Times