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AMD's Rick Bergman Now CEO at Synaptics

Bergman left AMD last week as the chipmaker continues to clean house. The executive's departure was somewhat expected, as he was believed to be the natural choice to succeed previous CEO Dirk Meyer, who departed AMD earlier this year. Bergman joined AMD as part of the acquisition of ATI, where he was the second man in charge behind CEO Dave Orton. Rick Bergman was senior vice president and general manager of AMD's Products Group.

Synaptics today announced that 47-year old Rick Bergman was appointed president and CEO and was chosen to succeed Russ Knittel, who was interim president and CEO since October 2010. Knittel will retire as employee, but remain active on the Synaptics board of directors.

There was no information of compensation, but SEC filings reveal that Bergman was given 40,000 shares of Synaptics stock valued at about $931,000 and was given the right to acquire 430,000 shares at a price of $23.25, which is slightly below today's price of about $23.73.

  • plznote
    Permanent is not a good choice.
  • mister g
    That.....was fast.
  • anubis44
    Yeah, I'm hoping Dirk is going to be keeping himself busy with CPU design somehow. Maybe we'll hear that he's designed a super-cool custom Arm processor-based APU with integrated Radeon 7000-series graphics that uses .5 of a watt on .22 micrometre process.
  • iamtheking123
    And the regurgitation cycle of CEO's continues...
  • @anubis44

    while at the same time fending off a lawsuit.....
  • ronch79
    Crazy how AMD didn't make Rick CEO. I think making him CEO was just too much pain for their collective pride, considering they 'merely' bought ATI back in 2006 (and with it, Rick). Crazy too, that AMD keeps losing people who ACTUALLY BROUGHT VALUE TO THE COMPANY (Dirk, Randy, Dave, Rick, Phil, etc.) but still keeps its board members, who are just a bunch of stupid whiners who think they know where the industry is headed.
  • PreferLinux
    You took ages to find that out... It happened around a week ago!
  • alidan
    if he bought the stock than sold it, it would make him 206,400$