Advanced Micro Devices Inc. said the head of its personal-computer chip business, chief strategy officer and head of marketing left as new Chief Executive Officer Lisa Su seeks to stem the loss of market share to Intel Corp.
John Byrne, head of the computing and graphics division, is leaving to seek other opportunities, the company said today in a statement. Chief Marketing Officer Colette LaForce and Chief Strategy Officer Raj Naik also decided to leave, AMD said.
The company has lost ground to Intel, which holds market share of more than 82 percent in PC chips, according to researcher IDC. The changes are among the first public actions by Su since she was promoted in October, as she works to sustain profitability and sales growth. Su will take on Byrne’s responsibilities while the company conducts an external search for his replacement.
“These changes to the leadership team reporting into our CEO are a part of implementing an optimal organization design and leadership team to drive AMD’s future growth,” said Drew Prairie, a spokesman for the Sunnyvale, California-based company, when asked whether the three were fired. “They are leaving AMD to pursue new opportunities.”
In a filing today, AMD also said it is awarding Chief Financial Officer Devinder Kumar and Chief Technical Officer Mark Papermaster restricted stock, vesting in 2017 and 2018, as part of an incentive plan.
The company’s shares dropped 31 percent last year, compared with a 28 percent rally in the Philadelphia Semiconductor Index.