AMD has named Rory P. Read, former President and Chief Operating Officer of Lenovo, to be its CEO. Read’s appointment to the position concludes a seven month search that began when former CEO, Dirk Meyer, resigned after disagreements with the AMD board over mobile strategy and failed server chip business.
“Rory is a proven leader with an impressive record of driving profitable growth,” said Bruce Claflin, Chairman of AMD’s Board of Directors in a press release.
“He is ideally suited to accelerate AMD’s evolution into the world’s leading semiconductor design company. As President and COO of Lenovo he helped take the company into dynamic new markets while growing market share and expanding profitability. His sound strategic thinking and natural customer orientation will help amplify the voice of the customer inside AMD.”
Read said he was “very pleased” to be joining AMD, and called the company a “true innovator and is uniquely positioned to lead the industry forward.”
Read had spent five years as an executive at Lenovo, and prior to that he had spent 23 years at IBM. Read moved from IBM to Lenovo to oversee the acquisition and transition of the then-recently spun off IBM personal computer division.
Before Read accepted the position AMD had approached a variety of other technology executives including Oracle’s co-president Mark Hurd, and Tim Cook the now CEO of Apple.