GlobalFoundries is under new leadership. Earlier this afternoon, the semiconductor foundry firm announced that Sanjay Jha had replaced Ajit Manocha as its Chief Executive Officer.
Jha hails from Motorola Mobility, where he served as CEO from August 2008 until Google's acquisition of the business in May 2012. Before his tenure at Motorola, Jha spent 12 years at Qualcomm, where he was eventually named COO in December of 2006.
According to today's announcement, Ajit Manocha will return to his advisory role at ATIC, GlobalFoundries' parent company, and will "work closely with Jha on his transition." Manocha was named interim CEO of GloFo when Doug Grose stepped down from that position in June 2011. Four months later, Manocha became the foundry firm's permanent CEO. The announcement doesn't say why Manocha has now passed the torch, as well.