AMD has new CEO
AMD has officially announced that effective immediately the new AMD president and CEO is Dr. Lisa Su, who comes to succeed Rory Read, who was the company’s CEO until now. Dr. Lisa Su will also serve on the Board of Directors.
According to AMD this sudden change is part of the company’s wide transition and new strategy for the future. Starting now Rory Read will serve as an advisor during this transition period 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 has a pretty impressive CV – she has a doctorate in electrical engineering from MIT and has worked for Texas Instruments and IBM, where she stayed for 13 years. There she was the vice president of the Semiconductor Research and Development Center. In 2012 Dr. Su joined AMD.
“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 is expected to present new strong products on the market and significantly improve its operational and financial performance in the near future. Apparently Dr. Su seems like the best person to achieve these goals.