AMD board names Lisa Su president and CEO
AMD president and CEO Rory Read has stepped down, effective immediately, to be succeeded by fellow AMD exec Lisa Su.
Read, who has served as AMD's chief exec since August 2011, will stay on with the company in an advisory role, but only through the end of 2014.
"I am grateful to have had the opportunity to lead such a talented team and proud of what we have accomplished during such an important chapter in the company's history," Read said in a canned statement. "Together, we have established the right strategy to enable AMD to continue to grow and transform. I am confident that Lisa is the right leader to drive AMD forward."
