— AMD Chief Finan­cial Offi­cer Devin­der Kumar reti­ring and for­mer Mar­vell CFO Jean Hu to join AMD as exe­cu­ti­ve vice pre­si­dent and CFO —

SANTA CLARA, Calif., Jan. 11, 2023 (GLOBE NEWSWIRE) — AMD (NASDAQ: AMD) today announ­ced that chief finan­cial offi­cer and tre­asurer Devin­der Kumar will be reti­ring from the com­pa­ny and that Jean Hu will join on Janu­ary 23 as exe­cu­ti­ve vice pre­si­dent and chief finan­cial offi­cer. Kumar will remain at AMD through April 2023 to ensu­re a smooth transition.

“I want to thank Devin­der for his many con­tri­bu­ti­ons to AMD. He has been an out­stan­ding CFO and part­ner who­se lea­der­ship was instru­men­tal in crea­ting the finan­cial foun­da­ti­on that enab­led our signi­fi­cant reve­nue growth and suc­cess in recent years,” said AMD Chair and CEO Lisa Su. “At the same time, I am very exci­ted to wel­co­me Jean to AMD. She is an excel­lent addi­ti­on to our lea­der­ship team given her deep expe­ri­ence across the semi­con­duc­tor indus­try and strong track record of finan­cial leadership.”

“I am incre­di­bly hono­red to have work­ed almost four deca­des at AMD and proud of what both the com­pa­ny and the glo­bal CFO orga­niza­ti­on have accom­plished,” said Kumar. “I am lucky to have dedi­ca­ted my care­er to help shape the com­pa­ny into the indus­try lea­der it is today.”

“I have long admi­red AMD and I am thril­led to join the com­pa­ny during such an exci­ting time of growth and diver­si­fi­ca­ti­on,” said Hu. “I look for­ward to part­ne­ring with the lea­der­ship team and lea­ding the finan­ce orga­niza­ti­on as we build on the company’s suc­cessful ope­ra­ting model and dri­ve long-term share­hol­der returns.”

Hu joins AMD from Mar­vell, whe­re she ser­ved as chief finan­cial offi­cer sin­ce 2016 and was respon­si­ble for all aspects of finan­cial plan­ning, accoun­ting, report­ing, tre­asu­ry, tax and inves­tor rela­ti­ons. She has more than 20 years of expe­ri­ence in finan­cial lea­der­ship roles in semi­con­duc­tor com­pa­nies inclu­ding Qlo­gic and Conex­ant. She ear­ned a B.S. in che­mi­cal engi­nee­ring from Bei­jing Uni­ver­si­ty of Che­mi­cal Tech­no­lo­gy and holds a Ph.D. in eco­no­mics from Cla­re­mont Gra­dua­te University.

AMD Q4’22 and Finan­cial Year 2022 Ear­nings Con­fe­rence Call
AMD will hold a con­fe­rence call for the finan­cial com­mu­ni­ty at 2:00 p.m. PT (5:00 p.m. ET) on Janu­ary 31, 2023 to dis­cuss its fis­cal fourth quar­ter and finan­cial year 2022 finan­cial results. Inte­res­ted par­ties are invi­ted to lis­ten to the web­cast of the con­fe­rence call via AMD’s Inves­tor Rela­ti­ons web­site ir.amd.com.

About AMD
For more than 50 years AMD has dri­ven inno­va­ti­on in high-per­for­mance com­pu­ting, gra­phics and visua­liza­ti­on tech­no­lo­gies. Bil­li­ons of peo­p­le, lea­ding For­tu­ne 500 busi­nesses and cut­ting-edge sci­en­ti­fic rese­arch insti­tu­ti­ons around the world rely on AMD tech­no­lo­gy dai­ly to impro­ve how they live, work and play. AMD employees are focu­sed on buil­ding lea­der­ship high-per­for­mance and adap­ti­ve pro­ducts that push the boun­da­ries of what is pos­si­ble. For more infor­ma­ti­on about how AMD is enab­ling today and inspi­ring tomor­row, visit the AMD (NASDAQ: AMD) web­site, blog, Lin­ke­dIn and Twit­ter pages.

AMD, the AMD Arrow logo, and com­bi­na­ti­ons the­reof, are trade­marks of Advan­ced Micro Devices, Inc. Other names are for infor­ma­tio­nal pur­po­ses only and may be trade­marks of their respec­ti­ve owners.