GLOBALFOUNDRIES today announced the appointment of Magnus Matthiasson as Chief Procurement Officer (CPO). Based at the company's corporate offices in Silicon Valley, Matthiasson will lead the GLOBALFOUNDRIES global purchasing activities, including managing all aspects of the company's supply base relationships worldwide. Matthiasson will report to GLOBALFOUNDRIES Chief Financial Officer, Dan Durn.

"Given the magnitude of our annual capital-equipment and purchasing investments, the right leadership to drive our strategic supply chain relationships and procurement operations is critical to our ability to provide value to our customers and grow our business profitably," said Durn. "With Magnus in place, our aim is to bolster a world-class procurement organization with programs that continuously optimize our purchasing and materials spend and management capabilities."