AMD CEO Rory Read Is Out, Dr. Lisa Su Takes Over
As part of a company-wide transition, AMD announced on Wednesday night that effective immediately, Dr. Lisa Su will serve as the company’s president and chief executive officer and will serve on the Board of Directors. Dr. Su is the company’s very first female CEO.
Rory Read, the former president, CEO and Board member, will now serve as an adviser during the transition until the end of 2014.
"I am grateful to have had the opportunity to lead such a talented team and proud of what we have accomplished during such an important chapter in the company's history,” Read said. “Together, we have established the right strategy to enable AMD to continue to grow and transform. I am confident that Lisa is the right leader to drive AMD forward."
Dr. Su received her doctorate in electrical engineering at the Massachusetts Institute of Technology. After that, she worked at Texas Instruments in the Semiconductor Process and Device Center, and then moved on to IBM, where she served for 13 years. There she held many leadership positions, such as vice president of the Semiconductor Research and Development Center.
Dr. Su joined Freescale Semiconductor in 2007 and moved up in rank until she became the company’s Chief Technology Officer. She didn’t join AMD until 2012, when she became senior vice president and general manager of the company’s Global Business Units.
According to AMD, Dr. Su was recently responsible for integrating AMD’s business units, global operations, sales and infrastructure enablement teams into “a single market-facing organization.” This organization is responsible for sales, operations, product execution and product strategy, the company’s press release explained.
“I am deeply honored to have this opportunity to lead AMD during this important time of transformation,” Dr. Su said. “Our world-class technology assets combined with the incredible talent and passion of the AMD team provide us with a unique opportunity to shape the future of computing. I look forward to expanding on the strong foundation we have built under Rory's leadership as we develop industry-leading technologies and products for a diverse set of markets to drive sustainable and profitable growth."
AMD’s press release said that the company has made “significant progress” in its operational and financial performance and that it has returned to non-GAAP profitability. Bruce Claflin, chairman of AMD's board of directors, said Rory and the board felt that now was the right time to make Dr. Su the head of the company.
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Their old way of keeping legacy socket on new processor gets all stagnant, and not changing lithography gets all even more stagnant. The FX are proof of that.
We need more competition, Intel itself isn't moving too far from sandy bridge processors.
What the Hell were they thinking in announcing this eight days before earnings, instead of just packaging it with the earnings report? They have the entire investor market spooked because of this bizarre announcement, out of the blue, that no one understands the timing of. Including me.
Thanks AMD, for costing me $2000 in a night because you didn't have the sense to wait a week for the earnings report.
There's just no normal for this company. They behave like demented children, who have no sense of what's normal or how to handle even the simplest of things.
Seems like all the big cats are getting into ARM because they smell the $ besides Intel who blindly cling to x86 because it's all they know and they don't want to risk another itantic (bonus points for those who get the joke).
Right now we're seeing a race between ARM and Intel. It's all about who gets the most work done per click tick while consuming the least amount of energy and both companies are pushing the limit in those respects. It's a race against time to see if Intel can become more like ARM faster than they can become like Intel. (companies are throwing in ARM SoCs into platforms like Chromebooks and such)
But really it's nice to see AMD chilling in the background doing their own thing and trying to take away some market share where Intel and ARM currently lack focus in. (low budget and low powered mobile laptops and cheap desktops) As for the new CEO, I trust AMD to do their best and rise up again. Because the more companies compete, the more us consumers can reap in the benefits.
god lord this has to be the most over stressed over worked unit in the entire company then, i'm curious as to what their turn over rate in this unit is and how many times same position turn over has been. i expect every time there's a new hire their duties are added upon and the positions title even changed to disguise this fact.
as for rory i expected as much. AMD needs engineers who can figure out the FSB memory controller issue more than it needs a CEO....STILL. i'm still left with that bad taste in my mouth of the ATI integration and absorption of most of the ATI staff who worked for a reliable, but sub par standards company. 'just enough to get by' mottos don't cut it in 'cutting edge leaders' and Dr Su's past credentials scream " NOT at the forefront cutting edge leading the industry " just more of the ATI mantra " just enough to get by "
AMD will be lucky to survive as a company with more of this intel is in the GPU hunt..now it's just a matter of time before AMD gets shut out of this market as well and the only thing that will save them is their mobile and server divisions and the server divisions are in dire straights if they don't get their power cpu's back on top or they have a radical break thru in their mobile apu's that takes the market by storm and comes close to chomping at the heels of intels desktop market and threatens to eliminate the desktop market altogether.
well I guess this is why for the first time ever I went Intel with my last build .. go figure.