AMD CEO Hector Ruiz to be replaced by Dirk Meyer?

Posted on Sunday, November 18 2007 @ 2:56 CET by Thomas De Maesschalck

It's rumoured that Dirk Meyer is going to become the new CEO of AMD - but it's not sure when:

TheStreet.com now reports that sources are telling it that AMD CEO Hector Ruiz is possibly stepping down from his post. TheStreet.com’s unnamed source says that AMD President Dirk Meyer was appointed to the board last week and that plans for Meyer to take over the position of CEO for AMD has been in the works for some time.

"Dirk has always been slotted for being the new CEO. That's been clear since his nomination as president and COO," claimed TheStreet's source. Dirk Meyer was nominated president of AMD in January 2006.

However, reports say that there is no set time frame for a change of power at AMD. Ruiz's 5-year contract expired in April 2007, but was renewed for a one-year extention until April 26, 2008.

Source: DailyTech

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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