Summary by Moomoo AI
GlobalFoundries announced on September 8, 2024, that its Board of Directors has elected Camilla Languille as a new board member. Languille, who currently serves as Co-Deputy CEO of Mubadala Investment Company's Direct Investments platform, the company's majority shareholder, will join both the People and Compensation Committee and Strategy and Technology Committee.Languille will serve as a Class I director with a term expiring at the 2025 annual general meeting. She replaces Ahmed Saeed Al Calily as Mubadala's nominee under the Shareholder's Agreement. Al Calily's resignation, effective the same day, was not related to any disagreements regarding company operations, policies, or practices. Languille will receive the standard non-employee director compensation for her board service.
