Lenovo veteran becomes AMD president and CEO

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7 months after the ouster of AMD’s previous CEO, Dirk Meyer, AMD now has a new head. Lenovo veteran and former COO Rory Read takes the over the reins of AMD, becoming its CEO, President and board member. Read joins AMD from Lenovo Group, Ltd., where he was most recently President and Chief Operating Officer responsible for leading day-to-day global operations while overseeing the development and implementation of the company’s growth strategy.

Read has a big job ahead of him, and we don’t envy him one bit – he’ll need to figure out a way for AMD to narrow the gap between it’s closest rival, Intel, and find a way to get into the tablet and mobile space which has proven to be highly lucrative (just ask Qualcomm and NVIDIA).

“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. “AMD has strong momentum and the opportunity to continue profitably gaining share based on its highly differentiated products, solid financial foundation, and passionate and committed employees. I’m excited to be joining AMD’s employees as we write the next chapter not just for the company, but for the industry and consumers around the world.”

Source: AMD