Three high-ranking executives at Advanced Micro Devices Inc. (AMD) are stepping down as part of organizational changes in the wake of the appointment of CEO Lisa Su, the company said Monday (Jan. 12).
John Byrne, general manager of AMD’s computing and graphics business group, stepped down and will be leaving AMD to pursue other opportunities, according to a regulatory filing made by AMD Monday. Chief Marketing Officer Colette LaForce and Chief Strategy Officer Raj Najik have also decided to leave AMD, according to a company spokesperson.
Su was named CEO of AMD in October, succeeding Rory Read. The company subsequently cut its workforce by 7 percent a week later.
AMD (Sunnyvale, Calif.) said Su would act in the role of GM of the computing and graphics business group will the company undergoes an external search for a permanent replacement for Byrne, who will remain an AMD employee until March 31 to assist with transition matters.
Byrne joined AMD in 2007. He held several high-ranking executive positions prior to being named general manager of the computing and graphics business group last July.
“These changes, including the additions of Forrest Norrod and James Clifford to our management team last quarter, collectively are part of implementing an optimal organization design and leadership team to further sharpen our execution and position AMD for growth,” the AMD spokesperson said in an email.
AMD also announced that it awarded stock options to Chief Technology Officer Mark Papermaster and Chief Financial Officer Devinder Kumar as part of an executive retention program.
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