GlobalFoundries Inc. (GFS) confirmed that Sam Franklin will take over as chief financial officer, effective December 10, 2025. Franklin has been with the company since 2022, most recently serving as senior vice president of business finance, investor relations and interim CFO. The transition follows the earlier departure of David Reeder, who stepped down earlier in the year.
The appointment comes at a time when GFS is building momentum around its high‑margin specialty platforms. In the third quarter of 2025, the company reported revenue of $1.688 billion and a Non‑IFRS gross margin of 26.0%, up from 25.4% in Q4 2024. Free cash flow for the quarter reached $451 million, reflecting disciplined cost management and a favorable mix of high‑margin silicon photonics and automotive‑grade silicon solutions.
CEO Tim Breen said the move will accelerate GFS’s growth trajectory. “Sam’s proven financial leadership and operational excellence will help us capitalize on the expanding demand for AI, silicon photonics and automotive technologies,” he said. Franklin’s background in investor relations and his experience as interim CFO position him to strengthen capital‑efficiency initiatives and support shareholder value creation.
The CFO’s arrival follows a strategic shift toward differentiated technologies. GFS’s portfolio now includes Feature‑rich CMOS, FinFET, FDX FD‑SOI, RF SOI, SiGe and silicon photonics platforms, with the latter bolstered by the recent acquisition of Advanced Micro Foundry. These platforms underpin the company’s focus on high‑margin, niche markets that are less sensitive to the cyclical nature of the semiconductor industry.
Financially, the company’s Q3 2025 results demonstrate a solid foundation for the CFO’s mandate. Revenue growth was driven by robust demand in data‑center and automotive segments, while the company maintained a strong operating margin of 26.0% by leveraging scale and pricing power in its specialty platforms. The CFO’s role will be to sustain this momentum, manage capital allocation, and continue to support strategic investments in AI and photonics while preserving cash flow for future growth.
The appointment signals confidence in GFS’s long‑term strategy and provides continuity in financial leadership during a period of significant investment and market opportunity. Investors and analysts will likely view the move as a positive step toward reinforcing the company’s financial discipline and capital‑allocation discipline as it pursues growth in high‑margin semiconductor segments.
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