GlobalFoundries appoints Sam Franklin as CFO, enhancing financial leadership to support growth and profitability in semiconductor industry.
Quiver AI Summary
GlobalFoundries has appointed Sam Franklin as Chief Financial Officer, effective immediately. Franklin, who previously held the roles of Senior Vice President of Business Finance & Operations and Investor Relations, as well as serving as Interim CFO, is expected to leverage his financial expertise and leadership skills to enhance the company's growth, particularly in the semiconductor sector. CEO Tim Breen highlighted Franklin’s ability to drive results and collaborate effectively across teams as essential for the company's ongoing profitability and technological advancements. Franklin expressed enthusiasm for the role, emphasizing his commitment to supporting GlobalFoundries' mission to provide critical chip technologies and pursue sustainable growth in an increasing demand landscape.
Potential Positives
- GlobalFoundries has appointed Sam Franklin as Chief Financial Officer, ensuring continuity in leadership after his interim role, which can positively influence investor confidence.
- Franklin’s proven track record in financial leadership and operational excellence is expected to contribute to the company's profitability and strategic growth.
- The appointment comes at a time when demand for semiconductors is increasing, positioning GF to capitalize on significant market opportunities.
- Franklin's commitment to disciplined financial management aligns with GF's long-term strategy for sustainable and profitable growth.
Potential Negatives
- Appointment of a new CFO may indicate instability or previous challenges in the finance leadership, possibly reflecting underlying issues within corporate governance.
- The use of the phrase "forward-looking statements" signals uncertainties surrounding the company's future performance, which may concern investors.
- Potential reliance on the new CFO’s ability to deliver results raises questions about the company's current financial status and operational execution under past leadership.
FAQ
Who is the new Chief Financial Officer of GlobalFoundries?
Sam Franklin has been appointed as the Chief Financial Officer of GlobalFoundries, effective immediately.
What previous role did Sam Franklin hold at GlobalFoundries?
Prior to being appointed CFO, Sam Franklin served as Senior Vice President of Business Finance & Operations and Interim CFO.
What are Sam Franklin’s goals as CFO of GlobalFoundries?
Sam Franklin aims to accelerate GF's mission in delivering essential chip technologies and drive sustainable growth.
When did Sam Franklin join GlobalFoundries?
Sam Franklin joined GlobalFoundries in 2022, contributing to various leadership roles in finance and operations.
What industries does GlobalFoundries serve?
GlobalFoundries manufactures semiconductors for several industries, including automotive, smart mobile devices, and communications infrastructure.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
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Wall Street analysts have issued reports on $GFS in the last several months. We have seen 3 firms issue buy ratings on the stock, and 1 firms issue sell ratings.
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$GFS Price Targets
Multiple analysts have issued price targets for $GFS recently. We have seen 9 analysts offer price targets for $GFS in the last 6 months, with a median target of $37.0.
Here are some recent targets:
- Vivek Arya from B of A Securities set a target price of $37.0 on 12/04/2025
- Matt Bryson from Wedbush set a target price of $42.0 on 11/13/2025
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- Harlan Sur from JP Morgan set a target price of $35.0 on 11/13/2025
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Full Release
MALTA, N.Y., Dec. 10, 2025 (GLOBE NEWSWIRE) -- GlobalFoundries (GF) today announced that its Board of Directors has appointed Sam Franklin as Chief Financial Officer, effective immediately. Mr. Franklin previously served as Senior Vice President of Business Finance & Operations and Investor Relations and recently Interim CFO.
“We are delighted to have Sam formally appointed as CFO,” said Tim Breen, CEO of GF. “His proven leadership and financial expertise will accelerate GF’s momentum and capitalize on the significant opportunities ahead. As we continue to drive profitability and deliver differentiated technologies for the scaling of AI from the data center to the physical world, Sam’s ability to deliver results and partner across the organization will be critical to our success.”
Franklin brings extensive financial leadership experience and a proven track record of driving operational excellence and strategic growth. He joined GF in 2022 and has held senior roles overseeing finance operations, business finance, investor relations, capital markets and treasury. His deep understanding of GF’s business and commitment to disciplined financial management position him to lead the company’s finance and operations organization as GF continues to execute its long-term strategy.
“I am thrilled to take on this role and support the acceleration of GF’s mission to deliver essential chip technologies to our customers,” said Franklin. “As the secular drivers and demand for semiconductors continue to ramp, GF is building a strong foundation for its next phase of robust, sustainable and profitable growth. I look forward to working with our talented teams across the world to advance our strategic priorities, drive operational excellence and create long-term value for our shareholders.”
About GF
GlobalFoundries (GF) is a leading manufacturer of essential semiconductors the world relies on to live, work and connect. We innovate and partner with customers to deliver more power-efficient, high-performance products for automotive, smart mobile devices, internet of things, communications infrastructure and other high-growth markets. With our global manufacturing footprint spanning the U.S., Europe, and Asia, GF is a trusted and reliable source for customers around the world. Every day, our talented global team delivers results with an unyielding focus on security, longevity, and sustainability. For more information, visit www.gf.com .
Forward-looking information
This news release may contain forward-looking statements, which involve risks and uncertainties. Readers are cautioned not to place undue reliance on any of these forward-looking statements. These forward-looking statements speak only as of the date hereof. GF undertakes no obligation to update any of these forward-looking statements to reflect events or circumstances after the date of this news release or to reflect actual outcomes, unless required by law.
Media contact:
Erica McGill
[email protected]
