If you click on a link and make a purchase we may receive a small commission. Read our editorial policy.

Three execs walk from AMD

CMO, CSO and the head of the chip division all leave as company seeks growth

AMD has lost three of its top executives, including its CMO and the general manager of its computing and graphics business group.

The latter is John Byrne, and the role is central enough to AMD's business for the CEO, Lisa Su, who was appointed last October, to assume his duties while the company seeks a replacement. Burne will remain at AMD until the end of March to aid the process.

THe other departures are chief marketing officer Colette LaForce and chief strategy officer Raj Naik.

AMD has described the departures as, "part of implementing an optimal organisation design and leadership team to further sharpen our execution and position AMD for growth."

While it's chips are a prominent feature of the current generation of consoles, AMD has struggled to keep up with its major competitors in recent years. Shares in the company were trading for $10 in 2010, but they haven't been above $5 since late 2012. Today, that share price is just over $2.60.

Last October, AMD announced its plans to cut 700 jobs, which is around 7 per cent of its total workforce.

Thanks Reuters.

Tagged With
Author
Matthew Handrahan avatar

Matthew Handrahan

Editor-in-Chief

Matthew Handrahan joined GamesIndustry in 2011, bringing long-form feature-writing experience to the team as well as a deep understanding of the video game development business. He previously spent more than five years at award-winning magazine gamesTM.

Comments