VR World

Key Executives Depart AMD

AMD (NASDAQ: AMD) announced today via an 8K filing that three key executives were departing the company, but did not offer any further explanation of why the trio chose to depart.

According to a statement by AMD the general manager of the Computing and Graphics Business Group, John Byrne, Chief Marketing Officer Colette LaForce, and Chief Strategy Officer Raj Naik left the company Tuesday. The three did not give a specific reason of why they were leaving. Byrne said that he decided “to pursue other opportunities.”

CEO Lisa Su will take over Byrne’s former role of running the computing and graphics business until his replacement can be found. AMD has not yet announced replacements for LaForce or Naik.

AMD’s statement on the matter was limited to the following:  “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.”

AMD will be announcing its earnings for the fourth quarter of 2014 on Jan 20. More details, and better insight on where the company will be going in 2015 will be available then.