AMD has a new boss as well

Not much later new Apple COO Tim Cook got a promotion, Lenovo’s Rory Read to be the new CEO of AMD

Eight months without a CEO must have been really hard time for AMD. At last they have actually found the deserving candidate as Rory Read, formerly COO of Lenovo - the Chinese PC makers. Earlier he was also a part of IBM. 
Though it might be a tough job to sort out a single person for the post of CEO, but
at last AMD has managed to give out a name. It might never be revealed why it took so long to secure Read’s services, but a man with an executive post from the PC world will definitely be a good option for the market AMD is mainly focused on. Read may also have high hope for his career with a company like AMD and these kinds of opportunities are never worth refusing. 
According to Bruce Claflin, Chairman of AMD’s board Rory is a proven leader with an impressive record of driving profitable growth. He also added that Rory was 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. 
In return Read said "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. 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 move back to the role of CFO, though he has done the job well too but Read’s may have some bigger plans for AMD. 


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Pallab Jyotee Hazarika, 2011-08-26 (Update: 2012-05-26)