AMD has surprised many today and announced significant staff changes in the leadership just one week before the publication of the quarterly financial statements. The stock price of AMD on this background has decreased by 6-7%, but the company's representatives tried to act calmly, talking about personnel decisions.
So, who served since 2011 as CEO and president of AMD Rory Reid must give way to Lisa Su , which since 2012 is in the number of vice-presidents, and in June this year was raised to Operating Officer . At the same time Lisa Su will come in and the board of directors AMD, while Rory Reid will leave AMD's. Note that Lisa Su at all the events of recent years AMD was responsible for the presentation of new processors and the story about the company's plans for the future, and that it has a higher education and a degree in the field of electrical engineering and electronicsr.
AMD representatives studiously pretend that Rory Reid was originally intermediary in terms of the company transformation , and its replacement by Lisa Su has been planned for a long time. Not quite clear, however, why the change was on the eve of the quarterly report - this decision only frightened investors, causing the fall of AMD stock . Obviously, human ideologues AMD hoped that the coming to power of the Su inspire investor confidence in the future. The newly-AMD CEO promises to simplify a lot of things within the company and focus on future products. Task native of Lenovo Rory Reid was to restore the financial health of AMD, and it partially handled it, returning the company to break even at the operating level. However, it was during the reign of Reed AMD has taken to diversify its activities, which resulted in more attention has been paid to processors for video game consoles and appeared AMD products with ARM architecture for server applications.
Lisa Su is a professional in the field of semiconductors. Before Rory Reid invited Lisa Su to AMD, she has worked on the "technical" positions at IBM, Freescale, Texas Instruments, and education and a degree she received in the famous Massachusetts Institute of Technology. At yesterday's event, the conference dedicated to Lisa Su acknowledges that the Company will not be able to transform instantly, but she considers it a priority to technological development and the creation of new products.