AMD, news at the top of the company to support growth

Source: HW Upgrade added 07th Jan 2021

  • amd,-news-at-the-top-of-the-company-to-support-growth

After one 2020 of great growth, AMD has announced several promotions and expansion of the executive structure to continue growing in the coming years. Two executives become Executive Vice Presidents, while three are the new Senior Vice Presidents with different responsibilities.

by Manolo De Agostini published , at 09: 01 in the Market channel

AMD

AMD announced some promotions to higher management roles in order to “ to support long-term growth objectives “. This is a reorganization that prepares the company for future challenges and in particular for the integration with Xilinx, an acquisition announced in October and which will be concluded by the end of this year. Darren Grasby becomes “Executive Vice President and Chief Sales Officer” , a position for which he will be responsible for leading the adoption of AMD products and customer experience, while Devinder Kumar becomes “Executive Vice President, Chief Financial Officer and Treasurer” with the aim of strengthening the financial profile of the company.



Lisa Su, president and CEO of AMD

For both, therefore, there is a transition from the role of Senior Vice President to Executive Vice President, with an increase in remuneration of about 100 thousand dollars and an increase in bonuses in case of achievement of the objectives. Excluding bonuses, Grasby and Kumar will earn around 620. 00 $ 0 per year, as reported in SEC filings.

The step forward of the two executives led to the promotion to the role of “Senior Vice President” of three people :

  • Martin Ashton becomes Senior Vice President of ” Graphics Architecture and Radeon Technologies Group Intellectual Property (IP) “, with the responsibility of leading the development of graphics architectures and intellectual property for gaming, datacenter and mobile products.
  • Mark Fuselier assumes the role of “senior vice president of Technology and Product Engineering”, then will take care of the entire engineering process “in order to meet the unprecedented demand for AMD products “.
  • Sam Naffziger was promoted to the role of “senior vice president, Corporate Fellow and Product Technology Architect”, with the responsibility to continue to maximize the “competitiveness, efficiency and cost of next generation AMD solutions”.

“Our high performance products and long term roadmaps have put AMD on an important growth trajectory , “said Lisa Su, president and CEO of AMD. “Aligning and expanding our senior management team around our priority growth opportunities will support the momentum we have built with our business in the and beyond “.

In addition to promotions, AMD has raised the base salary of CTO (Chief Technology Officer) Mark Papermaster from 625 to 675 thousand dollars , increasing the extent of the bonuses from 100% al 125% of the basic pay. Bonus increase to 125% also for Rick Bergman, Executive Vice President of Computing and Graphics Business Group, without adjustments to the base salary.