14 DAY TRIAL // It was over a month ago that AMD completed its sixth month without a real CEO, but it looks like the company finally decided on its new head, Mr. Rory P. Read, who served Lenovo until recently.
Some end-users might remember that former AMD Chief Executive Officer Dirk Meyer got let go fairly suddenly a rather long time ago.
In fact, Advanced Micro Devices completed its sixth month since the fact early in July (we even spoke of it in this article).
Now, the Sunnyvale, California-based company has announced that the long search is over and that former Lenovo President and Chief Operating Officer Rory P. Read will be assuming the mantle of leadership.
He has been made a member of AMD's board of directors and will fill the position of President and Chief Executive Officer from now on.
"I'm very pleased to be joining AMD at this important time in its history. AMD is a true innovator and is uniquely positioned to lead the industry forward, delivering the next big thing both within the PC ecosystem and beyond," said Read.
"AMD has strong momentum and the opportunity to continue profitably gaining share based on its highly differentiated products, solid financial foundation, and passionate and committed employees. I'm excited to be joining AMD's employees as we write the next chapter not just for the company, but for the industry and consumers around the world."
Interim CEO Thomas Seifert will now be resuming his Senior Vice President, Chief Financial Officer positions.
What remains is to see if Mr. Read can make AMD thrive the same way he managed to help turn Lenovo into one of, if not the fastest growing PC makers.
"Rory is a proven leader with an impressive record of driving profitable growth," said Bruce Claflin, Chairman of AMD's Board of Directors.
"He is ideally suited to accelerate AMD's evolution into the world's leading semiconductor design company. As President and COO of Lenovo he helped take the company into dynamic new markets while growing market share and expanding profitability. His sound strategic thinking and natural customer orientation will help amplify the voice of the customer inside AMD."