AMD has named a new CEO and company president, appointing ex-Lenovo COO Rory Read for the top job, taking over from interim chief Thomas Seifert.
The chipmaker took more than six months to fill the top job since former CEO Dirk Meyer resigned after a clash with the board of directors over the firm’s mobile strategy.
AMD chairman Bruce Claflin hailed Read as a "proven leader with an impressive record of driving profitable growth." As a golden boy of Lenovo’s American operations, Read oversaw the firm gain double-digit revenue and market share gains, something AMD could do with.
"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," said Read, sprinkling in the obligatory management speak.
Read takes over the reigns at the Intel-rival at a time when the firm has lost market share in the server market but made some modest gains in the consumer PC area thanks to the launch of the firm’s integrated CPU/GPU offering, the Fusion platform.