AMD Hires New CEO
AMD the #2 chip maker ends a 7 month search for a successor to former CEO Dick Meyer. AMD hires Rory Read, 49 as CEO. Read served as President and COO of the PC maker Lenovo.
During his tenure at Lenovo Read, increased revenue with double-digits and market share gains, while reversing operating losses to delivery consistent profits.
AMD Chairman Bruce Clafin released the following statement, Rory is a proven leader with an impressive record of driving profitable growth. “He is ideally suited to accelerate AMD’s evolution into the world’s leading semiconductor design company.