News
 

Bookmark and Share

(0) 

After the Foundry Company, formerly manufacturing operations of Advanced Micro Devices, became independent on Monday, Hector Ruiz, who once was chief executive officer of the company, stepped down from his chairman post at AMD and became chairman of TFC. Bruce Claflin will succeed Mr. Ruiz as the chairman of AMD.

Mr. Claflin (56) has 33 years of experience in senior positions with IBM, Digital Equipment and most recently as chief executive officer and member of the board of directors of 3Com Corp., a provider of voice and data networking products and services, from where he retired in early 2006, about 1.5 years before 3Com went private. He has run major personal computer businesses and has extensive international experience, including the founding and management of international joint ventures, according to AMD.

In addition, AMD board of directors also appointed Waleed Al Mokarrab to the board. Mr. Al Mokarrab is chief operating officer of Mubadala Development Company, a major stakeholder in AMD, and the chairman of Advanced Technology Investment Company, AMD’s partner in TFC joint-venture.

“Bruce Claflin brings a wealth of business experience that applies directly to the challenges and opportunities relevant to our company. We are also honored to welcome Waleed Al Mokarrab to the Board. His experience in business development across a broad range of industries will be an invaluable asset to AMD,” said Dirk Meyer, president and chief executive officer of AMD.

Hector Ruiz joined AMD in January 2000 as president and chief operating officer, just months after AMD released its first AMD Athlon microprocessor that helped the chipmaker to seriously challenge long-time market leader Intel and stop to be a “second source” supplier of low-end microprocessors. Hector Ruiz was named chief executive officer in April 2002, when founder of the company Jerry Sanders stepped down, just a little ahead of AMD’s triumphal launch of AMD Opteron and Athlon 64 processors, which had been outperforming rivals from Intel for years. He was appointed as chairman of the board in April 2004.

Tags: AMD, TFC, Asset smart

Discussion

Comments currently: 0

Add your Comment




Related news

Latest News

Monday, April 14, 2014

8:23 am | Microsoft Vows to Release Xbox 360 Emulator for Xbox One. Microsoft Xbox One May Gain Compatibility with Xbox 360 Games

Tuesday, April 1, 2014

10:39 am | Microsoft Reveals Kinect for Windows v2 Hardware. Launch of New Kinect for Windows Approaches

Tuesday, March 25, 2014

1:57 pm | Facebook to Acquire Virtual Reality Pioneer, Oculus VR. Facebook Considers Virtual Reality as Next-Gen Social Platform

1:35 pm | Intel Acquires Maker of Wearable Computing Devices. Basis Science Becomes Fully-Owned Subsidiary of Intel

Monday, March 24, 2014

10:53 pm | Global UHD TV Shipments Total 1.6 Million Units in 2013 – Analysts. China Ahead of the Whole World with 4K TV Adoption

10:40 pm | Crytek to Adopt AMD Mantle Mantle API for CryEngine. Leading Game Developer Adopts AMD Mantle

9:08 pm | Microsoft Unleashes DirectX 12: One API for PCs, Mobile Gadgets and Xbox One. Microsoft Promises Increased Performance, New Features with DirectX 12

3:33 pm | PowerVR Wizard: Imagination Reveals World’s First Ray-Tracing GPU IP for Mobile Devices. Imagination Technologies Brings Ray-Tracing, Hybrid Rendering Modes to Smartphones and Tablets

2:00 pm | Nokia Now Expects to Close Deal with Microsoft in Q2. Sale of Nokia’s Division to Close Next Month