AMD names Lisa Su to replace Rory Read as CEO, continue diversification strategy

Struggling microprocessor maker Advanced Micro Devices said Rory Read, its chief executive, had stepped down and will be replaced by Lisa Su, the company's chief operating officer, effective immediately. The company said that the transition was part of a succession plan that Read and the company's board had developed together. In a somewhat unusual move, Read appeared with Su on a conference call announcing the transition. "She's a semiconductor professional," Read of Su. "She loves this space. She knows this space." Read praised Su extensively, saying that AMD had hired Su, trained her, and apparently groomed her for the position. She's the "right leader" for AMD, he said, and is uniquely positioned for the job, he said. To read this article in full or to leave a comment, please click here

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