Ruiz, a center of controversy at AMD, steps down as CEO - assumes role on Board of Directors.
|Answering the prayers of probably quite a few people, Hector Ruiz has decided to leave his CEO position at AMD, although he will continue with the company he headed since 2002, Ruiz will executive chairman of AMD and chair of the board of directors. Moving quickly, AMD's board of directors has already elected President and COO, Dirk Meyer as the new Chief Executive Officer (CEO) and are now hoping that he has the Spear of Destiny that will turn the Sunnyvale company around.
"AMD has fundamentally altered the industry landscape, leading the innovation agenda while delivering greater choice and better experiences for our customers and users," said Hector Ruiz. "Dirk is a gifted leader who possesses the right skills and experience to continue driving AMD and the industry forward in new, compelling directions. I am placing the company in excellent hands."
Dirk Meyer, who can be considered an AMD veteran, joined Intel's arch-rival in 1995 and was part of the team that designed the first Athlon processor, the Slot A-bound part that was the first to reach the 1GHz milestone. Later on, Meyer led AMD's microprocessor business and in 2006, he become the company's COO and President. Now, as CEO, he has the task of getting AMD back on track, making a profit, and being competitive towards Intel and Nvidia in all major segments. Since that's not easy to achieve, we'd like to wish Dirk Meyer the best of luck. Viva la Revolution!