{"id":12259,"date":"2014-10-08T23:04:52","date_gmt":"2014-10-08T21:04:52","guid":{"rendered":"http:\/\/www.planet3dnow.de\/cms\/?p=12259"},"modified":"2014-10-08T23:04:52","modified_gmt":"2014-10-08T21:04:52","slug":"amd-appoints-dr-lisa-su-as-president-and-chief-executive-officer","status":"publish","type":"post","link":"https:\/\/www.planet3dnow.de\/cms\/12259-amd-appoints-dr-lisa-su-as-president-and-chief-executive-officer\/","title":{"rendered":"AMD<\/span> Appoints Dr. Lisa Su as President and Chief Executive Officer"},"content":{"rendered":"

SUNNYVALE<\/span>, Calif. 10\/8\/2014<\/p>\n

AMD<\/span><\/a> (NYSE<\/span>: AMD<\/span>) today announ\u00adced that its board of direc\u00adtors has appoin\u00adted Dr. Lisa Su<\/a> as pre\u00adsi\u00addent and chief exe\u00adcu\u00adti\u00adve offi\u00adcer and mem\u00adber of the board of direc\u00adtors, effec\u00adti\u00adve imme\u00addia\u00adte\u00adly. Dr. Su, 44, suc\u00adceeds Rory Read, 52, who has step\u00adped down as pre\u00adsi\u00addent and chief exe\u00adcu\u00adti\u00adve offi\u00adcer, and mem\u00adber of the board of direc\u00adtors, as part of a tran\u00adsi\u00adti\u00adon plan. Read will sup\u00adport the tran\u00adsi\u00adti\u00adon in an advi\u00adso\u00adry role, remai\u00adning with the com\u00adpa\u00adny through the end of 2014.<\/p>\n

\u201c<\/span>Lea\u00adder\u00adship suc\u00adces\u00adsi\u00adon plan\u00adning has been a joint effort bet\u00adween Rory and the board and we felt that Lisa\u2019s exper\u00adti\u00adse and pro\u00adven lea\u00adder\u00adship in the glo\u00adbal semi\u00adcon\u00adduc\u00adtor indus\u00adtry make this an ide\u00adal time for her to lead the com\u00adpa\u00adny,\u201d said Bruce Claf\u00adlin, chair\u00adman of AMD<\/span>\u2019s board of direc\u00adtors. \u201cThe board looks for\u00adward to con\u00adti\u00adnuing to work with Lisa and the rest of the seni\u00ador manage\u00adment team to build on the company\u2019s momen\u00adtum. I would also like to thank Rory for his many accom\u00adplish\u00adments and con\u00adtri\u00adbu\u00adti\u00adons posi\u00adtio\u00adning AMD<\/span> for long-term suc\u00adcess by hel\u00adping to crea\u00adte a strong foun\u00adda\u00adti\u00adon and clear path to re-estab\u00adlish the company\u2019s growth and profitability.\u201d<\/p>\n

Com\u00admen\u00adting on her appoint\u00adment, Dr. Su said, \u201cI am deep\u00adly hono\u00adred to have this oppor\u00adtu\u00adni\u00adty to lead AMD<\/span> during this important time of trans\u00adfor\u00adma\u00adti\u00adon. Our world-class tech\u00adno\u00adlo\u00adgy assets com\u00adbi\u00adned with the incre\u00addi\u00adble talent and pas\u00adsi\u00adon of the AMD<\/span> team pro\u00advi\u00adde us with a uni\u00adque oppor\u00adtu\u00adni\u00adty to shape the future of com\u00adpu\u00adting. I look for\u00adward to expan\u00adding on the strong foun\u00adda\u00adti\u00adon we have built under Rory\u2019s lea\u00adder\u00adship as we deve\u00adlop indus\u00adtry-lea\u00adding tech\u00adno\u00adlo\u00adgies and pro\u00adducts for a diver\u00adse set of mar\u00adkets to dri\u00adve sus\u00adtainable and pro\u00adfi\u00adta\u00adble growth.\u201d<\/p>\n

During the last three years, AMD<\/span> has made signi\u00adfi\u00adcant pro\u00adgress in finan\u00adcial and ope\u00adra\u00adtio\u00adnal per\u00adfor\u00admance. The com\u00adpa\u00adny retur\u00adned to non-GAAP pro\u00adfi\u00adta\u00adbi\u00adli\u00adty and mate\u00adri\u00adal\u00adly diver\u00adsi\u00adfied its busi\u00adness. Sin\u00adce 2012, AMD<\/span> has redu\u00adced ope\u00adra\u00adting expen\u00addit\u00adures by appro\u00adxi\u00adm\u00adate\u00adly 30 per\u00adcent and main\u00adtai\u00adned cash at near an opti\u00admal level of $1 bil\u00adli\u00adon. AMD<\/span> also impro\u00adved its balan\u00adce sheet by re-pro\u00adfil\u00ading its debt with no signi\u00adfi\u00adcant debt coming due until 2019.<\/p>\n

Read sta\u00adted, \u201cI am gra\u00adteful to have had the oppor\u00adtu\u00adni\u00adty to lead such a talen\u00adted team and proud of what we have accom\u00adplished during such an important chap\u00adter in the company\u2019s histo\u00adry. Tog\u00ade\u00adther, we have estab\u00adlished the right stra\u00adtegy to enable AMD<\/span> to con\u00adti\u00adnue to grow and trans\u00adform. I am con\u00adfi\u00addent that Lisa is the right lea\u00adder to dri\u00adve AMD<\/span> forward.\u201d<\/p>\n

AMD<\/span> Teleconference<\/h3>\n

AMD<\/span> will hold a con\u00adfe\u00adrence call for the finan\u00adcial and media com\u00admu\u00adni\u00adties at 2 p.m. PDT<\/span> (5 p.m. EDT<\/span>) today to dis\u00adcuss today\u2019s announce\u00adment. AMD<\/span> will pro\u00advi\u00adde a real-time audio broad\u00adcast of the tele\u00adcon\u00adfe\u00adrence on the Inves\u00adtor Rela\u00adti\u00adons <\/a>page of its web\u00adsite at www.amd.com<\/a>. The web\u00adcast will be available for 12 months after the con\u00adfe\u00adrence call.<\/p>\n

About Dr. Lisa Su<\/h3>\n

Dr. Su joi\u00adn\u00aded AMD<\/span> in 2012 and was most recent\u00adly chief ope\u00adra\u00adting offi\u00adcer respon\u00adsi\u00adble for inte\u00adgra\u00adting AMD<\/span>\u2019s busi\u00adness units, sales, glo\u00adbal ope\u00adra\u00adti\u00adons and infra\u00adstruc\u00adtu\u00adre ena\u00adblem\u00adent teams into a sin\u00adgle mar\u00adket-facing orga\u00adniza\u00adti\u00adon respon\u00adsi\u00adble for all aspects of pro\u00adduct stra\u00adtegy, pro\u00adduct exe\u00adcu\u00adti\u00adon, sales and ope\u00adra\u00adti\u00adons. Pre\u00advious\u00adly, she was seni\u00ador vice pre\u00adsi\u00addent and gene\u00adral mana\u00adger, Glo\u00adbal Busi\u00adness Units, respon\u00adsi\u00adble for the company\u2019s pro\u00adduct stra\u00adtegy, pro\u00adduct defi\u00adni\u00adti\u00adon and busi\u00adness plans.<\/p>\n

Pri\u00ador to joi\u00adning AMD<\/span>, Dr. Su ser\u00adved as seni\u00ador vice pre\u00adsi\u00addent and gene\u00adral mana\u00adger, Net\u00adwor\u00adking and Mul\u00adti\u00adme\u00addia at Frees\u00adca\u00adle Semi\u00adcon\u00adduc\u00adtor, Inc., and was respon\u00adsi\u00adble for glo\u00adbal stra\u00adtegy, mar\u00adke\u00adting and engi\u00adnee\u00adring for the company\u2019s embedded com\u00admu\u00adni\u00adca\u00adti\u00adons and appli\u00adca\u00adti\u00adons pro\u00adces\u00adsor busi\u00adness. Dr. Su joi\u00adn\u00aded Frees\u00adca\u00adle in 2007 as chief tech\u00adno\u00adlo\u00adgy offi\u00adcer, whe\u00adre she led the company\u2019s tech\u00adno\u00adlo\u00adgy road\u00admap and rese\u00adarch and deve\u00adlo\u00adp\u00adment efforts. Pri\u00ador to her ten\u00adure at Frees\u00adca\u00adle, Dr. Su spent 13 years with IBM<\/span> in various engi\u00adnee\u00adring and busi\u00adness lea\u00adder\u00adship posi\u00adti\u00adons, inclu\u00adding vice pre\u00adsi\u00addent of the Semi\u00adcon\u00adduc\u00adtor Rese\u00adarch and Deve\u00adlo\u00adp\u00adment Cen\u00adter respon\u00adsi\u00adble for the stra\u00adte\u00adgic direc\u00adtion of IBM<\/span>\u2019s sili\u00adcon tech\u00adno\u00adlo\u00adgies, joint deve\u00adlo\u00adp\u00adment alli\u00adances and semi\u00adcon\u00adduc\u00adtor R&<\/span>D ope\u00adra\u00adti\u00adons. Pri\u00ador to IBM<\/span>, she was a mem\u00adber of the tech\u00adni\u00adcal staff at Texas Instru\u00adments in the Semi\u00adcon\u00adduc\u00adtor Pro\u00adcess and Device Center.<\/p>\n

Dr. Su recei\u00adved bachelor\u2019s, master\u2019s and doc\u00adto\u00adra\u00adte degrees in elec\u00adtri\u00adcal engi\u00adnee\u00adring from the Mas\u00adsa\u00adchu\u00adsetts Insti\u00adtu\u00adte of Tech\u00adno\u00adlo\u00adgy and was named Fel\u00adlow of the Insti\u00adtu\u00adte of Elec\u00adtro\u00adnics and Elec\u00adtri\u00adcal Engi\u00adneers in 2009. She has published more than 40 tech\u00adni\u00adcal artic\u00adles and was named a Fel\u00adlow of the Insti\u00adtu\u00adte of Elec\u00adtro\u00adnics and Elec\u00adtri\u00adcal Engi\u00adneers (IEEE<\/span>) in 2009. Dr. Su was named \u201c2014 Exe\u00adcu\u00adti\u00adve of the Year\u201d at the EETi\u00admes and EDN<\/span> 2014 ACE<\/span> Awards and was hono\u00adred in MIT<\/span> Tech\u00adno\u00adlo\u00adgy Review\u2019s Top 100 Young Inno\u00adva\u00adtors in 2002. She also ser\u00adves on the Board of Direc\u00adtors of Ana\u00adlog Devices sin\u00adce 2012.<\/p>\n

About AMD<\/span><\/span><\/h3>\n

AMD<\/span> (NYSE<\/span>: AMD<\/span>) designs and inte\u00adgra\u00adtes tech\u00adno\u00adlo\u00adgy that powers mil\u00adli\u00adons of intel\u00adli\u00adgent devices, inclu\u00adding per\u00adso\u00adnal com\u00adpu\u00adters, tablets, game con\u00adso\u00adles and cloud ser\u00advers that defi\u00adne the new era of sur\u00adround com\u00adpu\u00adting. AMD<\/span> solu\u00adti\u00adons enable peo\u00adp\u00adle ever\u00ady\u00adwhe\u00adre to rea\u00adli\u00adze the full poten\u00adti\u00adal of their favo\u00adri\u00adte devices and appli\u00adca\u00adti\u00adons to push the boun\u00adda\u00adries of what is pos\u00adsi\u00adble. For more infor\u00adma\u00adti\u00adon, visit www.amd.com<\/a>.<\/span><\/p>\n

Cautionary Statement<\/span><\/h3>\n

This press release con\u00adta\u00adins for\u00adward-loo\u00adking state\u00adments con\u00adcer\u00adning AMD<\/span>, its oppor\u00adtu\u00adni\u00adty to shape the future of com\u00adpu\u00adting; its abili\u00adty to deve\u00adlop indus\u00adtry lea\u00adding tech\u00adno\u00adlo\u00adgies and pro\u00adducts; its abili\u00adty to dri\u00adve sus\u00adtainable and pro\u00adfi\u00adta\u00adble growth; which are made pur\u00adsu\u00adant to the safe har\u00adbor pro\u00advi\u00adsi\u00adons of the Pri\u00adva\u00adte Secu\u00adri\u00adties Liti\u00adga\u00adti\u00adon Reform Act of 1995. For\u00adward-loo\u00adking state\u00adments are com\u00admon\u00adly iden\u00adti\u00adfied by words such as \u201cbelie\u00adves, \u201cexpects,\u201d \u201cmay,\u201d \u201cwill,\u201d \u201cshould,\u201d \u201cseeks,\u201d \u201cintends,\u201d \u201cpro for\u00adma,\u201d \u201cesti\u00adma\u00adtes,\u201d \u201canti\u00adci\u00adpa\u00adtes,\u201d \u201cplans,\u201d \u201cpro\u00adjects,\u201d \u201cwould\u201d and other terms with simi\u00adlar mea\u00adning. Inves\u00adtors are cau\u00adtio\u00adned that the for\u00adward-loo\u00adking state\u00adments in this release are based on cur\u00adrent beliefs, assump\u00adti\u00adons and expec\u00adta\u00adti\u00adons, speak only as of the date of this release and invol\u00adve risks and uncer\u00adtain\u00adties that could cau\u00adse actu\u00adal results to dif\u00adfer mate\u00adri\u00adal\u00adly from cur\u00adrent expec\u00adta\u00adti\u00adons. Risks include the pos\u00adsi\u00adbi\u00adli\u00adty that Intel Corporation\u2019s pri\u00adcing, mar\u00adke\u00adting and reba\u00adting pro\u00adgrams, pro\u00adduct bund\u00adling, stan\u00addard set\u00adting, new pro\u00adduct intro\u00adduc\u00adtions or other acti\u00advi\u00adties may nega\u00adtively impact AMD<\/span>\u2019s plans; that AMD<\/span> will requi\u00adre addi\u00adtio\u00adnal fun\u00adding and may be unable to rai\u00adse suf\u00adfi\u00adci\u00adent capi\u00adtal on favorable terms, or at all; that cus\u00adto\u00admers stop buy\u00ading AMD<\/span>\u2019s pro\u00adducts or mate\u00adri\u00adal\u00adly redu\u00adce their ope\u00adra\u00adti\u00adons or demand for AMD<\/span>\u2019s pro\u00adducts; that AMD<\/span> may be unable to deve\u00adlop, launch and ramp new pro\u00adducts and tech\u00adno\u00adlo\u00adgies in the volu\u00admes that are requi\u00adred by the mar\u00adket at matu\u00adre yields on a time\u00adly basis; that AMD<\/span>\u2019s third-par\u00adty foundry sup\u00adpli\u00aders will be unable to tran\u00adsi\u00adti\u00adon AMD<\/span>\u2019s pro\u00adducts to advan\u00adced manu\u00adfac\u00adtu\u00adring pro\u00adcess tech\u00adno\u00adlo\u00adgies in a time\u00adly and effec\u00adti\u00adve way or to manu\u00adfac\u00adtu\u00adre AMD<\/span>\u2019s pro\u00adducts on a time\u00adly basis in suf\u00adfi\u00adci\u00adent quan\u00adti\u00adties and using com\u00adpe\u00adti\u00adti\u00adve pro\u00adcess tech\u00adno\u00adlo\u00adgies; that AMD<\/span> will be unable to obtain suf\u00adfi\u00adci\u00adent manu\u00adfac\u00adtu\u00adring capa\u00adci\u00adty or com\u00adpon\u00adents to meet demand for its pro\u00adducts or will not ful\u00adly uti\u00adli\u00adze its pro\u00adjec\u00adted manu\u00adfac\u00adtu\u00adring capa\u00adci\u00adty needs at GLOBALFOUNDRIES<\/span>, Inc. (GF<\/span>) micro\u00adpro\u00adces\u00adsor manu\u00adfac\u00adtu\u00adring faci\u00adli\u00adties; that AMD<\/span>\u2019s requi\u00adre\u00adments for wafers will be less than the fixed num\u00adber of wafers that it agreed to purcha\u00adse from GF<\/span> or GF<\/span> encoun\u00adters pro\u00adblems that signi\u00adfi\u00adcant\u00adly redu\u00adce the num\u00adber of func\u00adtion\u00adal die it recei\u00adves from each wafer; that AMD<\/span> is unable to suc\u00adcessful\u00adly imple\u00adment its long-term busi\u00adness stra\u00adtegy; that AMD<\/span> inac\u00adcu\u00adra\u00adte\u00adly esti\u00adma\u00adtes the quan\u00adti\u00adty or type of pro\u00adducts that its cus\u00adto\u00admers will want in the future or will ulti\u00adm\u00adate\u00adly end up purcha\u00adsing, resul\u00adting in excess or obso\u00adle\u00adte inven\u00adto\u00adry; that AMD<\/span> is unable to mana\u00adge the risks rela\u00adted to the use of its third-par\u00adty dis\u00adtri\u00adbu\u00adtors and add-in-board (AIB<\/span>) part\u00adners or offer the appro\u00adpria\u00adte incen\u00adti\u00adves to focus them on the sale of AMD<\/span>\u2019s pro\u00adducts; that AMD<\/span> may be unable to main\u00adtain the level of invest\u00adment in rese\u00adarch and deve\u00adlo\u00adp\u00adment that is requi\u00adred to remain com\u00adpe\u00adti\u00adti\u00adve; that the\u00adre may be unex\u00adpec\u00adted varia\u00adti\u00adons in mar\u00adket growth and demand for AMD<\/span>\u2019s pro\u00adducts and tech\u00adno\u00adlo\u00adgies in light of the pro\u00adduct mix that it may have available at any par\u00adti\u00adcu\u00adlar time; that glo\u00adbal busi\u00adness and eco\u00adno\u00admic con\u00addi\u00adti\u00adons will not impro\u00adve or will wor\u00adsen; that PC<\/span> mar\u00adket con\u00addi\u00adti\u00adons, will not impro\u00adve or will wor\u00adsen; that demand for com\u00adpu\u00adters will be lower than curr\u00adent\u00adly expec\u00adted; and the effect of poli\u00adti\u00adcal or eco\u00adno\u00admic insta\u00adbi\u00adli\u00adty, dome\u00adsti\u00adcal\u00adly or inter\u00adna\u00adtio\u00adnal\u00adly, on AMD<\/span>\u2019s sales or sup\u00adp\u00adly chain. Inves\u00adtors are urged to review in detail the risks and uncer\u00adtain\u00adties in AMD<\/span>\u2019s Secu\u00adri\u00adties and Exch\u00adan\u00adge Com\u00admis\u00adsi\u00adon filings, inclu\u00adding but not limi\u00adt\u00aded to the Quar\u00adter\u00adly Report on Form 10\u2011Q for the quar\u00adter ended June 28, 2014.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

AMD<\/span> (NYSE<\/span>: AMD<\/span>) today announ\u00adced that its board of direc\u00adtors has appoin\u00adted Dr. Lisa Su as pre\u00adsi\u00addent and chief exe\u00adcu\u00adti\u00adve offi\u00adcer and mem\u00adber of the board of direc\u00adtors, effec\u00adti\u00adve imme\u00addia\u00adte\u00adly. Dr. Su, 44, suc\u00adceeds Rory Read, 52, who has step\u00adped down as pre\u00adsi\u00addent and chief exe\u00adcu\u00adti\u00adve offi\u00adcer, and mem\u00adber of the board of direc\u00adtors, as part of a tran\u00adsi\u00adti\u00adon plan. Read will sup\u00adport the tran\u00adsi\u00adti\u00adon in an advi\u00adso\u00adry role, remai\u00adning with the com\u00adpa\u00adny through the end of 2014. (\u2026) Wei\u00adter\u00adle\u00adsen \u00bb<\/a><\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"ngg_post_thumbnail":0,"footnotes":""},"categories":[22],"tags":[],"class_list":["post-12259","post","type-post","status-publish","format-standard","hentry","category-pressemitteilungen","entry"],"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/posts\/12259","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/comments?post=12259"}],"version-history":[{"count":1,"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/posts\/12259\/revisions"}],"predecessor-version":[{"id":12260,"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/posts\/12259\/revisions\/12260"}],"wp:attachment":[{"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/media?parent=12259"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/categories?post=12259"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/tags?post=12259"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}