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

Wednesday, October 8, 2014

8:52 pm | Lisa Su Appointed as New CEO of Advanced Micro Devices. Rory Read Steps Down, Lisa Su Becomes New CEO of AMD

Thursday, August 28, 2014

12:22 pm | AMD Has No Plans to Reconsider Recommended Prices of Radeon R9 Graphics Cards. AMD Will Not Lower Recommended Prices of Radeon R9 Graphics Solutions

Wednesday, August 27, 2014

9:09 pm | Samsung Begins to Produce 2.13GHz 64GB DDR4 Memory Modules. Samsung Uses TSV DRAMs for 64GB DDR4 RDIMMs

Tuesday, August 26, 2014

6:41 pm | AMD Quietly Reveals Third Iteration of GCN Architecture with Tonga GPU. AMD Unleashes Radeon R9 285 Graphics Cards, Tonga GPU, GCN 1.2 Architecture

Monday, August 25, 2014

6:05 pm | Chinese Inspur to Sell Mission-Critical Servers with AMD Software, Power 8 Processors. IBM to Enter Chinese Big Data Market with the Help from Inspur