AMD Names Lisa Su COO; To Consolidate Business Units Into Two Groups

(RTTNews) - Chipmaker Advanced Micro Devices, Inc. (AMD) said Thursday that it has appointed Dr. Lisa Su as Senior Vice President and Chief Operating Officer, effective July 1.

Dr. Su joined the company in 2012 and currently serves as Senior Vice President and General Manager, Global Business Units.

Te company also said it will combine its previously separate business units, global operations and sales organizations to create a singular, market-focused organization responsible for all aspects of product strategy, product execution, sales and operations. The new structure will be implemented on July 1 and will be led by the newly appointed COO Dr. Lisa Su.

As a part of the re-alignment, AMD said it will consolidate its business units into two expanded business groups. The Computing and Graphics Business Group will combine AMD's client, consumer graphics and professional graphics businesses, as well as their related product engineering and sales functions. AMD Chief Sales Officer John Byrne has been appointed senior vice president and general manager responsible for leading the group, reporting to Dr. Su.

The Enterprise, Embedded and Semi-Custom Business Group will combine AMD's server, embedded, dense server and semi-custom businesses, as well as their related product engineering and sales functions. Dr. Su will be the acting lead of the group.

AMD shares are currently trading at $4.36, up 7 cents or 1.66%.