Leadership changes at GF – Thomas Caulfield steps down as CEO

Caulfield succeeds Ahmed Yahia, who will step down from the board and his role as Chairman after more than a decade in the position. 

Breen, who has been with GF since 2018 and is currently COO, will take over the mantle as CEO from Caulfield. In addition, Niels Anderskouv, currently GF’s Chief Business Officer, has been appointed the company's President and COO. These changes will become effective April 28, 2025.

“I am truly honored and excited to be appointed as the next CEO of GF,” says Tim Breen, in a press release. “GF is uniquely positioned with our talented team, differentiated technology and geographically diverse manufacturing footprint to meet our global customers’ needs. I appreciate the confidence that the Board has placed in me, and I look forward to partnering with Tom and Niels to expand our portfolio, deepen our customer focus, accelerate our growth and deliver increasing value for our shareholders.”

Caulfield took on the role as President and CEO of GF in 2018, steering the company through a strategic transformation. He refocused the technology portfolio on differentiated, essential chips, setting the stage for sustained profitability. In 2021, he oversaw one of the semiconductor industry's largest IPOs. During the global chip shortage, he prioritised supply chain resilience, expanded production capacity, and forged key partnerships with customers and governments.

“Since joining GF, Tim has played a critical role as my co-pilot in shaping the strategy of the company,” says Caulfield. “In his current role as COO, Tim has made a tremendous impact integrating GF’s global operations and driving performance while accelerating our digital and sustainability transformations. As the AI wave moves from cloud to edge, GF is uniquely positioned to accelerate growth and continue to innovate, deliver and create value for all our stakeholders, and I am fully confident in Tim’s ability to lead the company into this next phase.”