AMD Hires Phil Hester as new Chief Technology Officer
AMD replaces Weber as CTO with Phil Hester who will be reporting directly to Dirk Meyer, president of the Microprocessor Solutions Sector. Phil Hester has 30 Years of Experience in Advanced Computing Systems Design. AMD stock prices rallied for the day up $1.03 (4.79%) per share closing at $22.55.
“Phil comes to AMD with a proven track record of success,” said Meyer. “His numerous patents in system and processor design illustrate his ability to create truly innovative technologies, grounded in a deep understanding of customer needs. Further, Phil has the rare ability to rapidly integrate new technologies into high-value products, and then take those products to market quickly through disciplined execution. We’re thrilled to have a technologist and business leader of his caliber join AMD.” Hester, taking over for departing CTO Fred Weber, will focus his three decades of industry experience on defining and implementing AMD’s future microprocessor vision and innovation priorities.
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