Henri Richard to leave AMD, HEXUS report
- Thread starter BrynS
- Start date
HEXUS are reporting that Henri Richard, Executive VP and Chief Sales and Marketing Officer, is to leave AMD on September 8th
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Read the full news item
vertex_shader
Banned
Great, looks like cleanup is running in the good way.
It'll be interesting to see how this is spun by AMD, e.g. 'amicable move', 'Henri's pursuiing his own interests/wants to spend more time with the family/etc' or whether it'll be more telling in its ambiquity/lack of detail or praise.
The timing of Orton's resignation and now Richard's could suggest that they want to appease those calling for change at the highest level, while not appearing panicked by changing a number of high-profile appointments within a very short space of time or all at once.
The timing of Orton's resignation and now Richard's could suggest that they want to appease those calling for change at the highest level, while not appearing panicked by changing a number of high-profile appointments within a very short space of time or all at once.
I don't think Orton & Richard's resignation are connected at all.
Didn't you notice the timing of Orton's resignation? One year almost to the day of AMD's take over of ATi...
I think Orton's resignation was planned/agreed on in a year as part of the buy-out plan. I think Richard's "resignation" could be for some of the batshit crazy statements he's been making.
Yeah, I'd go along with the thought that Orton could have potentially specified only staying on for 12 months or so as a small proviso for the deal last year and can appreciate the stated reasoning (logistics, impact on family, etc) for his resignation.
I think that it may link in with the timing of Richard's resignation only in that as much as AMD probably would have wanted to avoid any high-level resignations over the past six months, as their bottom line and stated execution targets have increasingly been battered, the pressure for a senior scalp goes up -- if Orton's decision was made last year it may have made the timing of another senior resignation awkward less they risk a 2-for-1 discharge which could appear worse.
Perhaps Richard has caused too much friction of late or actually just wants to move on; if so, bad timing I'd say -- wouldn't it be better to leave just after the Barcelona launch, not just before it?
I think that it may link in with the timing of Richard's resignation only in that as much as AMD probably would have wanted to avoid any high-level resignations over the past six months, as their bottom line and stated execution targets have increasingly been battered, the pressure for a senior scalp goes up -- if Orton's decision was made last year it may have made the timing of another senior resignation awkward less they risk a 2-for-1 discharge which could appear worse.
Perhaps Richard has caused too much friction of late or actually just wants to move on; if so, bad timing I'd say -- wouldn't it be better to leave just after the Barcelona launch, not just before it?
According to the Wall Street Journal he is leaving to take another job. That's a pretty good indication he wasn't forced out. And considering AMD's problems are cross-functional, if the board was looking for blood and had much sense they would probably look at the man at the helm. Not necessarily deploring Ruiz, just saying that would be a logical starting point if the board felt the company was being mismanaged.
What would you expect to happen? A statement from Richard blasting internal enemies, etc? C'mon, that's not the way the game is played at that level.
Boards don't switch all at once, usually. At this point I think there's a very good chance that Hector will be gone by the end of the year, and either the CFO or Meyer will be acting head of the company (tho of course Meyer might go at the same time). If you asked me when this would be most likely to happen, I'd say right around 3Q results time.
Unless the Barcelona launch and reception is much stronger than the sense I'm getting from most people who follow this stuff.
Boards don't switch all at once, usually. At this point I think there's a very good chance that Hector will be gone by the end of the year, and either the CFO or Meyer will be acting head of the company (tho of course Meyer might go at the same time). If you asked me when this would be most likely to happen, I'd say right around 3Q results time.
Unless the Barcelona launch and reception is much stronger than the sense I'm getting from most people who follow this stuff.
[H] has the word -literally 
- on the internal memo:
http://www.hardocp.com/news.html?news=Mjc2NDgsLCxoZW50aHVzaWFzdCwsLDE=
- on the internal memo:http://www.hardocp.com/news.html?news=Mjc2NDgsLCxoZW50aHVzaWFzdCwsLDE=
I'm with you too, geo, but not about Meyer.
Nothing to do with his work ethic, he just seems a bit soft for executive positioning. I like him better as engineer...
Rivet would be my favorite as well, at least "interim". Flinty-eyed financial sensibility, but still knows the business well. Then he makes the tough decisions and a new CEO gets to be the white knight.
