April 7, 2006 4:48 PM PDT

AMD says no CEO changes planned

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Advanced Micro Devices Chairman and CEO Hector Ruiz's role at the company has not changed, AMD said, contrary to rumors that Ruiz plans to step down as CEO.

An internal memo outlining changes in the company's operating structure went out to AMD employees this week, according to sources. The memo clarified the roles of some groups under Dirk Meyer, who was promoted to president and chief operating officer of AMD in April of last year after the company spun off its Spansion flash memory division.

Hector Ruiz Hector Ruiz

Some interpreted the memo as a harbinger of Ruiz's departure, and rumors that ranged from Ruiz leaving the company to Ruiz and Meyer sharing power in a co-CEO arrangement rolled around Wall Street and Silicon Valley late in the week. AMD's stock closed down almost 3 percent Friday.

Ruiz gave up the title of president to Meyer in January but has no plans to step down as CEO, an AMD representative said. The representative confirmed that a memo regarding internal responsibilities was distributed to employees this week, but declined to comment on its contents.

Sources said the memo outlined some changes in how various groups report to the president position, since Meyer now occupies that role. However, the roles of both Ruiz and Meyer have not changed, according to sources who declined to be identified because they were discussing an internal document.

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Plain English translation
Ruiz is definitely gone.

The more they deny it, the goner he is.
Posted by JFDMit (180 comments )
Reply Link Flag
Doesn't matter who the CEO is at this point
Intel is fragged no matter what

<a class="jive-link-external" href="http://sharikou.blogspot.com/" target="_newWindow">http://sharikou.blogspot.com/</a>
Posted by sharikou (106 comments )
Reply Link Flag
more idiacy from the self-touter
why do you insist on linking to your own blog as if what was contained therein had any value? you haven't once here or in your blog showed us why you think "intel is fragged" and been able to back up that assertion. i think all who know are waiting for conroe and so far as performance is concerned this is going to be a very very bad year for AMD.
Posted by mortis9 (370 comments )
Link Flag
Is "CEO Changes" Correct?
There is only one CEO, so if he's changed, it's should be mentioned as "CEO Change".
You can argue that when a CEO is replaced, his lieutenants will be, too, but that's stretching from the main idea, that AMD doesn't believe it's going to replace *the* current CEO.

The reason I bring this up because I believe nowadays, journalists' writing skill has taken turn for the worst. While there's no shame in the fact that some journalists only have achieved a high school diploma, the quality of our high school nowadays does not warrant a sensible English writing skill. That is why one is seeing ridiculous terms like "jobs data", "jobs report", and "farmers market".
Posted by jsmith99 (1 comment )
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