AMD Announces CFO Transition

AMD Chief Finan짯cial Offi짯cer Devin짯der Kumar reti짯ring and for짯mer Mar짯vell CFO Jean Hu to join AMD as exe짯cu짯ti짯ve vice pre짯si짯dent and CFO 

SANTA CLARA, Calif., Jan. 11, 2023 (GLOBE NEWSWIRE)  AMD (NASDAQ: AMD) today announ짯ced that chief finan짯cial offi짯cer and tre짯asurer Devin짯der Kumar will be reti짯ring from the com짯pa짯ny and that Jean Hu will join on Janu짯ary 23 as exe짯cu짯ti짯ve vice pre짯si짯dent and chief finan짯cial offi짯cer. Kumar will remain at AMD through April 2023 to ensu짯re a smooth transition.

I want to thank Devin짯der for his many con짯tri짯bu짯ti짯ons to AMD. He has been an out짯stan짯ding CFO and part짯ner who짯se lea짯der짯ship was instru짯men짯tal in crea짯ting the finan짯cial foun짯da짯ti짯on that enab짯led our signi짯fi짯cant reve짯nue growth and suc짯cess in recent years, said AMD Chair and CEO Lisa Su. 쏛t the same time, I am very exci짯ted to wel짯co짯me Jean to AMD. She is an excel짯lent addi짯ti짯on to our lea짯der짯ship team given her deep expe짯ri짯ence across the semi짯con짯duc짯tor indus짯try and strong track record of finan짯cial leadership.

I am incre짯di짯bly hono짯red to have work짯ed almost four deca짯des at AMD and proud of what both the com짯pa짯ny and the glo짯bal CFO orga짯niza짯ti짯on have accom짯plished, said Kumar. 쏧 am lucky to have dedi짯ca짯ted my care짯er to help shape the com짯pa짯ny into the indus짯try lea짯der it is today.

I have long admi짯red AMD and I am thril짯led to join the com짯pa짯ny during such an exci짯ting time of growth and diver짯si짯fi짯ca짯ti짯on, said Hu. 쏧 look for짯ward to part짯ne짯ring with the lea짯der짯ship team and lea짯ding the finan짯ce orga짯niza짯ti짯on as we build on the company셲 suc짯cessful ope짯ra짯ting model and dri짯ve long-term share짯hol짯der returns.

Hu joins AMD from Mar짯vell, whe짯re she ser짯ved as chief finan짯cial offi짯cer sin짯ce 2016 and was respon짯si짯ble for all aspects of finan짯cial plan짯ning, accoun짯ting, report짯ing, tre짯asu짯ry, tax and inves짯tor rela짯ti짯ons. She has more than 20 years of expe짯ri짯ence in finan짯cial lea짯der짯ship roles in semi짯con짯duc짯tor com짯pa짯nies inclu짯ding Qlo짯gic and Conex짯ant. She ear짯ned a B.S. in che짯mi짯cal engi짯nee짯ring from Bei짯jing Uni짯ver짯si짯ty of Che짯mi짯cal Tech짯no짯lo짯gy and holds a Ph.D. in eco짯no짯mics from Cla짯re짯mont Gra짯dua짯te University.

AMD Q422 and Finan짯cial Year 2022 Ear짯nings Con짯fe짯rence Call
AMD will hold a con짯fe짯rence call for the finan짯cial com짯mu짯ni짯ty at 2:00 p.m. PT (5:00 p.m. ET) on Janu짯ary 31, 2023 to dis짯cuss its fis짯cal fourth quar짯ter and finan짯cial year 2022 finan짯cial results. Inte짯res짯ted par짯ties are invi짯ted to lis짯ten to the web짯cast of the con짯fe짯rence call via AMD셲 Inves짯tor Rela짯ti짯ons web짯site ir.amd.com.

About AMD
For more than 50 years AMD has dri짯ven inno짯va짯ti짯on in high-per짯for짯mance com짯pu짯ting, gra짯phics and visua짯liza짯ti짯on tech짯no짯lo짯gies. Bil짯li짯ons of peo짯p짯le, lea짯ding For짯tu짯ne 500 busi짯nesses and cut짯ting-edge sci짯en짯ti짯fic rese짯arch insti짯tu짯ti짯ons around the world rely on AMD tech짯no짯lo짯gy dai짯ly to impro짯ve how they live, work and play. AMD employees are focu짯sed on buil짯ding lea짯der짯ship high-per짯for짯mance and adap짯ti짯ve pro짯ducts that push the boun짯da짯ries of what is pos짯si짯ble. For more infor짯ma짯ti짯on about how AMD is enab짯ling today and inspi짯ring tomor짯row, visit the AMD (NASDAQ: AMDweb짯siteblogLin짯ke짯dIn and Twit짯ter pages.

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