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AMD's CEO Hector Ruiz is stepping down

WebmasterWorld Senior Member eelixduppy us a WebmasterWorld Top Contributor of All Time 5+ Year Member

Msg#: 3701859 posted 5:25 pm on Jul 18, 2008 (gmt 0)

In just more than six years with Ruiz as the leader of AMD, the chip company has lost a staggering $6.3 billion according to generally accepted accounting principles. He announced plans to step down Thursday as part of what the company is calling a planned succession to new CEO Dirk Meyer, even though Ruiz was under the impression as recently as December 2007 that he would be around this entire year.

Ruiz will remain at AMD as chairman, but he's leaving a day-to-day role at the company at a time when it is trying to get back to basics, to focus on execution and discipline rather than trying to take down giants.


Let's see if Dirk Meyer can get this company where it should be. And that's not to say that Hector Ruiz did a horrible job, because I think some things DID improve while he was CEO, but I think he might have been able to do a little better. We'll see...

AMD needs to get it's stock holders back from Intel.

AMD lost $1.19bn (596m) between April and June, even though sales were up on the same period a year ago.

AMD's results came days after Intel posted a 25% gain in net profit.

AMD Chip maker Advanced Micro Devices has reported its seventh quarterly loss in a rowp [news.bbc.co.uk]



WebmasterWorld Senior Member kaled us a WebmasterWorld Top Contributor of All Time 10+ Year Member

Msg#: 3701859 posted 10:28 am on Jul 19, 2008 (gmt 0)

AMD have always been good at hardware design but rubbish at marketing. All they really need is a better public image, etc. Whoever is in charge, that should be their top priority.


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