The fifth CEO of GlobalFoundries falls in ten years, after the company released a brief statement last Friday, where they reported an agreement with Sanjay Jha, to leave the company.

It is quite uncommon for large companies to choose to change their CEO, normally, except for major failures or by their own decision, it is not normal to change the director every few years. The GlobalFoundries company has a serious problem in this regard and it is that they have been CEO for four in ten years. The announcement was made last Friday, without advertising and without more data, something that is an old technique of the company, had already been used. Everything is by means of a short announcement, without interviews and with the weekend in between, so that it goes as unnoticed as possible.

Usually it is said that an agreement has been reached between the CEO and the company, but usually it is that one of the parties wants to do without the other and an agreement and little else is accepted. There are those who speculate that it is not a dismissal, that Sanjay Jha has resigned, because they have offered him a better position, specifically, it is speculated that they would have offered him to be the CEO of Qualcomm.

This information does not seem the best at the moment, since Broadcom is working to get Qualcomm. Although it does not seem the best, it is not impossible, since from Qualcomm, they work to put in front someone who has more weight among the shareholders' meeting, since the current CEO has a significant part of shareholders against him .

There is also speculation that Jha could finally be the COO of Qualcomm. It should be noted that Qualcomm has the approval of China to take control of NXP, which has a large number of silicon factories in the country, so Jha's experience would be very attractive.

There is another possibility. The owners of GlobalFoundries, the Mubadala Investment Co., which is based in the United Arab Emirates, is not the best of companies to work with and Jha would want to leave, tired of the way he works. What's more, a former CEO of GlobalFoundries has already said that he was always cornered by McKinsey analysts, hired by Mubadala and that they paralyze everything for doing analysis, before taking a step.

Source: eetimes