Wednesday, October 8th 2014
AMD Appoints Dr. Lisa Su as President and Chief Executive Officer
AMD today announced that its board of directors has appointed Dr. Lisa Su as president and chief executive officer and member of the board of directors, effective immediately. Dr. Su, 44, succeeds Rory Read, 52, who has stepped down as president and chief executive officer, and member of the board of directors, as part of a transition plan. Read will support the transition in an advisory role, remaining with the company through the end of 2014.
"Leadership succession planning has been a joint effort between Rory and the board and we felt that Lisa's expertise and proven leadership in the global semiconductor industry make this an ideal time for her to lead the company," said Bruce Claflin, chairman of AMD's board of directors. "The board looks forward to continuing to work with Lisa and the rest of the senior management team to build on the company's momentum. I would also like to thank Rory for his many accomplishments and contributions positioning AMD for long-term success by helping to create a strong foundation and clear path to re-establish the company's growth and profitability."Commenting on her appointment, Dr. Su said, "I am deeply honored to have this opportunity to lead AMD during this important time of transformation. 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."
During the last three years, AMD has made significant progress in financial and operational performance. The company returned to non-GAAP profitability and materially diversified its business. Since 2012, AMD has reduced operating expenditures by approximately 30 percent and maintained cash at near an optimal level of $1 billion. AMD also improved its balance sheet by re-profiling its debt with no significant debt coming due until 2019.
Read stated, "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. 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."
"Leadership succession planning has been a joint effort between Rory and the board and we felt that Lisa's expertise and proven leadership in the global semiconductor industry make this an ideal time for her to lead the company," said Bruce Claflin, chairman of AMD's board of directors. "The board looks forward to continuing to work with Lisa and the rest of the senior management team to build on the company's momentum. I would also like to thank Rory for his many accomplishments and contributions positioning AMD for long-term success by helping to create a strong foundation and clear path to re-establish the company's growth and profitability."Commenting on her appointment, Dr. Su said, "I am deeply honored to have this opportunity to lead AMD during this important time of transformation. 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."
During the last three years, AMD has made significant progress in financial and operational performance. The company returned to non-GAAP profitability and materially diversified its business. Since 2012, AMD has reduced operating expenditures by approximately 30 percent and maintained cash at near an optimal level of $1 billion. AMD also improved its balance sheet by re-profiling its debt with no significant debt coming due until 2019.
Read stated, "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. 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."
84 Comments on AMD Appoints Dr. Lisa Su as President and Chief Executive Officer
Trust me, just move on dude like I and a huge amount of others have done as it keeps things cleaner and better for everyone who really care about the threads instead of trying to look like some sort of profound genius of computers. I am sure he will even respond to me but like I said I keep him ignored and just do not read any comments posted by him because I don't care and you should not as well.
out of nowhere comes this brilliant comment. Time wil ltell, but I would rather see him move over to the auto industry, honestly. His skill would be very useful there.
you know the meme right? that guy that "bombed" the news videos...
While I wouldn't say her previous employers at IBM Microelectronics and Freescale Semi were riding high while she was there, and are progressively worse now (unless the sale of the former to GloFo is considered a positive outcome) I don't think she can be held solely accountable as R&D VP/ CTO respectively. As to whether she was worth the $3.5 million in compensation paid by AMD for her services as COO (and whatever salary package she receives as CEO) I guess will be somewhat answered in next week quarterly earnings announcement and subsequent conference call.
Also its surprising that you are finding this funny but forgot that it begin with humansmoke put me on ignore list yet he went through a lot of trouble digging my past (I agree i was a dick 8 years back) but portraying a very different picture of me now.
Also their ideas of how to make do have been poor, they should have a two pronged approach, refine the existing CPU/GPU, and the main team to create new. When one fails move on with the winner. 6 months time to an actual die.
We have one purpose. As high of performance within a reasonable TDP as possible.
That is of course a huge oversimplification, but to say they don't understand that isn't true, what they have done is to allow the design teams to run in multiple directions and end up getting to the end of their leash still running full tilt. Whoever keeps dreaming up the shitty ideas for "modules" when we still have so many single threaded applications needs to be beaten. AMD had a great idea, dual core, then quad core, then its like they made that a god, always make more cores, never waiver on the making of more cores, instead of better and more logic throw in two or four more cores.
When performance failed to materialize lets throw hotdogs down this hallway in the form of PR spins and pure Ghz to fill up the gaps.
AMD FX 85Ghz, now with higher TDP!! (Not for use below the arctic circle, may cause permafrost melt, may kill polar bears, may cause heat stroke)
When they pull their head out of the network of collective asses where one farts and they all end up smelling it by networked head in ass design, make a single, dual, or quad core high performance chip, then realize they can superglue GPU modules on the side, or cores together, they will win, but not by much or for long, history tells us they will give 25% of the die space to some obscure tech they will not develop, and claim the "community" or "standards" will make it useable.
Right now the biggest issue is the success they have had with Xbone, and PS4, it only propagates the thinking that what they have made is "good enough". Imagine that same system with a 4 core HT intel with more CPU performance and cutting the CPU power budget by 10-20W, that is 10-20W more they could put into a GPU, and both consoles could do 1080P content.
AMD's problem is that management have almost always been reactive rather than proactive. When they've grabbed the bull by the horns it has paid off handsomely (adoption of MIPS features within x86 architecture, AMD64), but too often they tend to be content to play follow-the-leader. It's hard enough to develop product on your own timetable without changing horses midstream to also keep up with a competitors cadence.