Hexus, the technology news site, is reporting that Henri Richard, the AMD executive vice president and chief sales and marketing officer has resigned.
24/7 was unable to get an answer on the matter from the AMD PR department.
AMD has been in deep trouble recently as it has lost market share to larger rival Intel (INTC) and gross margins have fallen.
AMD shares trade at $12.20 down from just below $42 in February 2006.
With all the problems at the company, Hector Ruiz, the CEO, should be the next one out the door.
Douglas A. McIntyre can be reached at [email protected]. He does not own securities in companies that he writes about.
Sponsored: Want to Retire Early? Here’s a Great First Step
Want retirement to come a few years earlier than you’d planned? Orare you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
