ASBIS near you

Our network of 23 subsidiaries located all over the EMEA region supplies Information and Communications Technology products and solutions across the globe. Find ASBIS office in your country.

Other headlines

June 04, 2018
For 38 years, Computex has been evolving in alignment with global ICT trends ...
May 21, 2018
The INTEL Partner Connect Сonference was held on 14-17 May, 2018 at the Prague ...
May 10, 2018
Strategic and fast growing Volume Distributor who have demonstrated strong ...
May 10, 2018
The Channel Middle East Awards mark the highlight of the year and the pinnacle ...
April 20, 2018
For 38 years, Computex has been evolving in alignment with global ICT trends ...
February 14, 2018
CloudFest 2018 is the premiere global hosting and cloud festival taking place ...
February 12, 2018
ASBIS acknowledged as a ‘Consumer Tech Distributor of the Year’ across the ...
February 07, 2018
ASBIS won the prestigious “Strongest Enterprise Device Growth 2017 in Eastern ...
January 29, 2018
ASBIS has just become the official distributor of AccelStor storage solutions ...
AMD appoints Dr. Lisa Su as President and Chief Executive Officer

October 13, 2014

AMD

AMD appoints Dr. Lisa Su as President and Chief Executive Officer

AMD (NYSE: AMD) announced that its board of directors has appointed Dr. Lisa Su as president and chief executive officer and member of the board of directors, effective immediately

Dr. Su, 44, succeeds Rory Read, 52, who has stepped down as president and chief executive officer, and member of the board of directors, as part of a transition plan. Read will support the transition in an advisory role, remaining with the company through the end of 2014.

“Leadership succession planning has been a joint effort between Rory and the board and we felt that Lisa’s expertise and proven leadership in the global semiconductor industry make this an ideal time for her to lead the company,” said Bruce Claflin, chairman of AMD’s board of directors. “The board looks forward to continuing to work with Lisa and the rest of the senior management team to build on the company’s momentum. I would also like to thank Rory for his many accomplishments and contributions positioning AMD for long-term success by helping to create a strong foundation and clear path to re-establish the company’s growth and profitability.”

Commenting on her appointment, Dr. Su said, “I am deeply honored to have this opportunity to lead AMD during this important time of transformation. Our world-class technology assets combined with the incredible talent and passion of the AMD team provide us with a unique opportunity to shape the future of computing. I look forward to expanding on the strong foundation we have built under Rory’s leadership as we develop industry-leading technologies and products for a diverse set of markets to drive sustainable and profitable growth.”

During the last three years, AMD has made significant progress in financial and operational performance. The company returned to non-GAAP profitability and materially diversified its business. Since 2012, AMD has reduced operating expenditures by approximately 30 percent and maintained cash at near an optimal level of $1 billion. AMD also improved its balance sheet by re-profiling its debt with no significant debt coming due until 2019.

Read stated, “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. 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.”

Disclaimer: The information contained in each press release posted on this site was factually accurate on the date it was issued. While these press releases and other materials remain on the Company's website, the Company assumes no duty to update the information to reflect subsequent developments. Consequently, readers of the press releases and other materials should not rely upon the information as current or accurate after their issuance dates.