You have the money hector, retire.
Hector Ruiz, the former chief exec and chairman of AMD as well the former chairman of Globalfoundries, as well as Bharath Rangarajan, the former vice president of corporate development at AMD, have formed a new company called Bull Ventures LLC. The two former execs plan to consult large companies over "industry changing" strategies.
Mr. Ruiz (on the left side of the picture) is known as the mastermind behind the acquisition of ATI Technologies by Advanced Micro Devices in 2006. Mr. Rangarajan (on the right side of the picture), according to a number of reports, leaded negotiations between AMD and ATI. The combination of AMD and ATI truly transformed the former into a provider of computing platforms from a supplier of central processing units (CPUs) and also opened the way for heterogeneous multi-core chips currently known as Fusion accelerated processing units (APUs).
While Hector Ruiz was at the head of AMD, the company gained market share from Intel Corp. thanks to award-winning K8 processor design, which developed started long before Mr. Ruiz took the helm. Unfortunately, by the time Mr. Ruiz left the company in 2008, the firm's market shares almost returned to their historical levels. Moreover, only recently the company became financially stable. Still, it remains to be seen whether technologies which development started under Mr. Ruiz bring success to AMD comparable to that with K8.
After Hector Ruiz left AMD, it turned out that he provided information about AMD to hedge funds. Following the reports about the leak of confidential information, Mr. Ruiz resigned from Globalfoundries.
Bull Ventures offers a partnership opportunity for companies who want to grow. The consulting firm plans to work alongside management to develop, implement, and execute company and "industry changing" strategies.