Hector quits - will AMD revive now

morgoth · #1 (**permalink**) 18 Jul 08, 04:18 AM

Quote:

In its second quarter earnings call, AMD announced that long time CEO and chairman Hector Ruiz is stepping down to the role of executive chairman and Dirk Meyer, previously president and COO is now president and CEO.

Ruiz said “It’s time to turn the company over to a new leader,” and that Meyer is “the right leader at the right time.”

The move comes as AMD announced a net loss of $1.189 billion for the second quarter and that it was divesting its handheld and DTV product businesses in order to be able to reclassify them as discontinued operations for the purpose of financial reporting.

AMD CEO Hector quits - AMD announces appointment of Dirk Meyer as President and CEO of AMD :: HEXUS.channel - The online home of the UK technology channel

vishalrao · #2 (**permalink**) 18 Jul 08, 09:10 AM

not exactly "quits" its "stepping down to the role of executive chairman"... gotta love the tech tabloids

but then again, gotta love company PR spin for damage control

vishalrao · #3 (**permalink**) 18 Jul 08, 03:51 PM

AMD Has Gone From Scrappy to Sad - GigaOM

s_anuj · #4 (**permalink**) 20 Jul 08, 08:39 PM

Not like him being there or not would determine AMDs fortunes.

He was at the helm during the Athlon 64 dominance days too!

anu0512 · #5 (**permalink**) 27 Jul 08, 12:38 AM

AMD the company which produce product r value for money

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Hector quits - will AMD revive now Discussion under CPU/Mobo Corner, part of the Hardware Zone category on TechEnclave; In its second quarter earnings call, AMD announced that long time CEO and chairman Hector Ruiz is stepping down to ...